资本的运作通常表现为积累与合并的过程。我国改革开放的前10年可称是积累发展的过程,这个过程奠定了一个企业发展的基础;后10年可称是合并的过程,在优胜劣汰的市场法则下,企业通过重组、合并来加速规模化。特别是随着全球经济一体化进程的加快,企业将在更大范围、更宽领域、更 The operation of capital is usually manifested in the process of accumulation and consolidation. The first 10 years of China’s reform and opening up can be described as the process of accumulation and development. This process has laid a foundation for the development of the enterprise. The latter 10 years can be regarded as the process of merger. Under the market rule of survival of the fittest, enterprises can accelerate their scale through restructuring and mergers The Especially with the acceleration of global economic integration, enterprises will be more extensive, wider areas, more