In recent years, the mixed-ownership economy of Yichang has achieved rapid growth after the implementation of “the group of five” strategy. “The group of five” strategy aims to foster various types of social capital mixed-ownership enterprises, to strengthen the development of mixed-ownership enterprises, which will promote the restructuring and reform, to develop a number of mixed-ownership enterprises, to enliven a group of mixed-ownership enterprises, and to transform a group of mixed-ownership enterprises. By the end of November 6th, with 98% coverage of the reform, 227 enterprises have been successfully transformed into mixed-ownership enterprises, except for 20 nonprofit enterprises. Though the State-Owned sector accounts for a smaller proportion of the economy, with a dropping from 42.7% to 25%, the ratio of the Non-State-Owned economy rose from 57.3% to 75%, and the percentage of the control on the State-Owned Capital reached 1: 7.84.
　　In recent years, managers and elites with advanced technology in enterprises are encouraged to form a community of interests and share interests with their enterprises during the implementation of joint-stock reform of state-owned enterprises in Yichang, which greatly aroused the officials’ and workers’ enthusiasm for the production and operation; at the same time, more efforts are made for restructuring advantages of the products and the core competitive of enterprises with foreign capital advantage, and to make sure that the burden on enterprises is reduced and the support for enterprises development is enhanced, while making an inventory of the stock of assets. Through the implementation of initiatives "pure back into stocks", "retreating old enterprise into the new one "and "transforming the small into the big one", a group of companies in trouble get out of the difficult situation .
　　In the implementation of the corporate restructuring, Yichang SASAC suggests enterprises to achieve "five shifts", which includes full-shift investment to the whole country; shift introduction of projects to the brand, capital, technology, and personnel; shift forms of cooperation to sole proprietorship, joint venture and so on; shift to improve the environment and condition by relying on the advantages; shift power for more cooperation to independent enterprises behaviors. Listed companies, such as Angel, Yihua and Xingfa Group strictly implement the relevant provisions of the Commission to create conditions for the economic growth, both in a variety of ways to attract outside investors, but also to encourage and support managers to participate in shareholding by the expansion of capital and stocks. For the past five years, five enterprises in Yichang have managed to create conditions for the economic growth and to expand capital and stocks, raising￥4.52 billion cumulative funds.
　　Capital securitization is the best way to develop mixed ownership economy. In advance of the Capital Securities, preferential policies have been issued in Yichang to encourage and support enterprises to get listed, to accelerate the process in various forms and to actively promote the shareholding system reform and the introduction of strategic investors in enterprises. Yichang Investment Company has issued two bonds, financed more than￥20 billion. At present, the rate of state capital securitization has reached more than 30%.
　　Yichang SASAC has also been steering state-owned enterprises to implement the strategy of going out in order to find new ways for the development of the mixed ownership economy. Yihua Group and Angel Yeast Group have acquired and restructured over 40 companies in more than 20 provinces and cities across the country, with the annual sales income reaching to￥2.67 billion. According to statistics, the state-owned enterprises of Yichang have invested￥2.37 billion for the past five years. At present, it has total assets of ￥18.59 billion, with annual sales income of ￥2.67 billion, more than￥200 million for annual Pidends, and￥140 million for the additional annual tax. (By Li Zuokai)