中国相当一部分前卫企业在走过产品运作、资本运作两个阶段后,正在向产融结合的第三阶段跨越;“成分论”的逐步淡化和“国民待遇”的渐续推行,以及民间资本的崛起,正在使企业改制、制度创新以至治理机制纳入新的轨道。在这一大背景下,笔者以为中国企业即将面临的竞合关系,将呈现出种种新的范式。 A considerable part of the avant-garde enterprises in China are leaping to the third phase of the integration of industry and finance after they have passed the two stages of product operation and capital operation. The gradual dilution of “composition theory” and the continuous implementation of “national treatment” Rising, is making the enterprise restructuring, institutional innovation and governance mechanisms into the new track. Against this background, I believe that the upcoming competition and cooperation among Chinese enterprises will show various new paradigms.