该时间段深沪两市 A 股上市公司的资产重组有如下几个特点:以促进市场营销为主导思路的重组类型。上市公司建立地区性的分、子公司,很明显地体现出开拓地区性市场及扩大市场占有率的思路,如:燕京啤酒增资燕京啤酒(襄樊)公司、合资设立燕京啤酒四海公司,紫江企业设立广州紫江公司、增持成都紫江公司股权,类似情况还有中储股份、隆平高科等。在销售地设立合资公司,可以节省费用,也可以发挥当地合作伙伴的优势。所投资项目产权分散,有利于从根本上解决公司治理结构问题。多家主业关联度小的公司共同设立公司,可以有效避免大股东包办一切的情况发生,有利于建立科学的决策机制。北京城建参股首都国际投资管理公司即属此类型,此类重组适合劳动要素流动性较高的目标公司。 During this time, the assets reorganization of A-share listed companies in Shenzhen and Shanghai stock markets has the following characteristics: The type of reorganization led by the promotion of marketing. Listed companies to establish a regional sub-subsidiaries, it is clear that the development of regional markets and expand market share of ideas, such as: Yanjing Brewery Yanjing Brewery (Xiangfan) Company, a joint venture set up Yanjing Beer Sihai Company, Zijiang established Zijiang company in Guangzhou, Zijiang holdings of Chengdu stake in the company, there is a similar situation in the stock, Long Ping Transtech Services and so on. The establishment of joint ventures in sales can save costs and leverage the advantages of local partners. The decentralized property rights of the invested projects are conducive to fundamentally solve the problem of corporate governance structure. The establishment of companies by a number of companies with a low degree of relatedness in the main businesses can effectively prevent all major shareholders from doing everything in their power and is conducive to establishing a scientific decision-making mechanism. Beijing Urban Construction Equity Capital International Investment Management Corporation that is of this type, such restructuring for the labor mobility of the target company.