文档介绍：Abstract After two decades ofdevelopment,the state—owned enterprises in Qingdao have adjusted and reformed accordingly,but stagnated inthese are the features ofstate—owned enterprises inQingdao textilefieldwhich also suffers from the slow growth,general loss,high debts rate and stunning numbers of laid— the accumulation ofproblems inyears,if panies fail tofind an effectiveway topromote thedevelopment,many,under petition willbe on theverge ofbankruptcy。This willforce lotsofworkers losetheir job,posing athreattothesocialstability The author,working inthetextilecircleinQingdao formore than ten years,has witnessed itsglorious days and the sad situation now,this articleargues thatdevelopment should bethe key tosolve the problems;taking theQingdao Textile Associated Group Cotton as an example,the reform and development wi beexplored The said Cotton Mill is state—owned,wrestling with difficulties characterized allthe other enterprises sharing the same , choose proper property rightsystem re耙rm the present situation intoconsideration,there are three main models suitable pany as following:1 worker shareholding choose MBO (Management Buyout) MBO and invitingstrategic nvestor together,diversify theproperty choosing bination ofMBO and invitingStralegic investors can effectively lower the cost ofchanging system,achieve smooth transition,avoid the disadvantage ofMBO,thus realizethegoal ofdiversifying theshore holder a conclusion,the author propose the share structure as following forQingdao Textile Associated Group Cotton Infullyconsidering reforming system on the difficultfoundation,this text has put forward the concrete settlement measure. Atthe same author believes thatthe system reform only serves as thefoundation and momentum pany’S development. Quick and healthy growth willhave todepend on the establis