2024年，全球经济格局正经历深刻变革，混合所有制改革迎来新一轮发展浪潮。在这场改革大潮中，我 们看到一些企业通过成功混改实现了资源优化和价值倍增，但也有不少项目折戟沉沙。深入分析这些失 败案例，可以归结为两大核心障碍：一是"实质性障碍"，包括财务混乱、资产权属不清、合规性缺失等 硬伤，这些问题往往直接触碰监管红线；二是"人为障碍"，主要表现为企业内部复杂的利益格局、文化 冲突、信任危机以及核心人员能力错配等软性问题。 李世勇先生作为企业混改领域的权威专家，拥有超过二十年的实战经验。他曾担任多家大型集团的高管 要职，既主导过并购方的交易设计，也深度参与过被并购方的混改实践。基于这些丰富经验，他创新性 地提出了系统化的"企业混改理论体系"。这套理论首次从混改方的视角，将整个混改过程科学划分为八 个关键阶段，并为每个阶段都配备了针对性的解决方案和实用工具。 本次采访，我们深度对话这位"企业混改理论体系"的首创者与系统阐述者，探寻其如何为股权转让方提 供清晰指引，破解混改迷局。 记者：您提到民企混改的最大挑战在于弥合"企业实操标准"与"国家并购标准"之间的差距，而目前理论 和实践都缺乏系统的解决方案。作为亲历者，您 ...

Group 1 - The global economy is undergoing profound structural changes, characterized by weak growth momentum, intensified geopolitical conflicts, and a dilemma of high inflation, high interest rates, high debt, and low growth [2] - Private entrepreneurs' ability to accurately assess the economic situation and grasp development trends will directly determine the scientific and feasible nature of corporate strategy formulation [3][4] - Many enterprises are still stuck in traditional development models, incurring high trial-and-error costs [3] Group 2 - The current global economic situation is viewed as the early stage of a Great Depression, which is a core manifestation of a century-long change [5] - The Great Depression is not a natural phenomenon but a forced correction due to long-term deviations from objective economic laws [5] - The evolution of this crisis is expected to present three stages: "value return period" (2023-2025), "structural adjustment period" (2026-2028), and "order reconstruction period" (2029-2031) [6] Group 3 - The current economic crisis is marked by a deep restructuring of the post-World War II international economic and political order [8] - The dollar is entering a historical "value return" process, with its share in international settlements dropping from 73% in 2001 to 47% today [9] - The new colonialism is in a "structural adjustment" decline cycle, with a significant shift towards decolonization movements led by countries like those in BRICS [10][11] Group 4 - The decoupling of the US and Chinese economies has initiated a new era of de-globalization, fundamentally altering the global economic landscape [12][13] - The current economic crisis is compounded by a technological revolution, with the fifth and sixth industrial revolutions reshaping industries and accelerating the pace of corporate evolution [14][15] Group 5 - The economic crisis is characterized by a "crisis transfer" mechanism, where developed countries are shifting internal crises externally through monetary, industrial, financial, and geopolitical dimensions [17][18] - The domestic economy is expected to face profound impacts, including a debt crisis for local governments and state-owned enterprises, leading to a series of chain reactions [19][20] Group 6 - A wave of bankruptcies and restructurings among private enterprises is anticipated, as the old growth model based on demographic, resource, reform, and industrial chain dividends is nearing exhaustion [21][22] - The A-share market is undergoing a significant valuation system reconstruction, with traditional fundraising models becoming increasingly unsustainable [22][23] Group 7 - The current economic downturn is expected to exacerbate social tensions, with rising litigation and social unrest due to economic pressures [24] - The crisis is likely to lead to a significant increase in the number of corporate bankruptcies, particularly among small and medium-sized enterprises [24] Group 8 - To effectively respond to the economic crisis, a systematic crisis response mechanism is needed, focusing on local government debt resolution, financial system restructuring, and enterprise transformation [28][29] - Enterprises should adopt a digital asset strategy, enhance governance, and prepare for mixed ownership reforms to ensure adaptability and resilience [32][34]