increase speed! State owned assets supervision and Administration Commission arranges 7 major tasks of central enterprise reform in three years

category:Finance
 increase speed! State owned assets supervision and Administration Commission arranges 7 major tasks of central enterprise reform in three years


In the video conference on the three-year action deployment of the central enterprise reform, seven key tasks of the three-year action of the central enterprise reform were clarified. It was emphasized that the central enterprise should accurately understand and grasp its important significance and core meaning, and focus on the key tasks of the reform, and play an exemplary role in the implementation of the three-year action of state-owned enterprise reform. It is emphasized that the group company and its subsidiaries should set up military orders at different levels to ensure the connection between the upper and lower levels and one pole to the end. The completion of key reform tasks should be taken as a hard indicator, and the construction period should be inverted and dynamic tracking should be carried out.

At the local level, according to the requirements of the video conference of the directors of the local state-owned enterprise reform leading group office, the local state-owned enterprise reform leading group office should closely combine with the local reform reality, according to the idea of focusing on the key points, making up the weak points, and highlighting the key tasks, so as to improve the modern enterprise system with Chinese characteristics, enhance the independent innovation ability of state-owned enterprises, and optimize the layout of the state-owned economy New breakthroughs have been made in key areas and key links, such as restructuring, promoting the reform of mixed ownership, establishing and improving the market-oriented operation mechanism, and improving the state-owned assets supervision system.

The three-year action of the reform of state-owned enterprises to clarify seven key tasks

The three-year action of state-owned enterprise reform is the specific construction drawing for further implementing the 1 + n policy system and top-level design of state-owned enterprise reform in the next three years, and it is also a further deepening of major measures of state-owned enterprise reform since the 18th National Congress of the Communist Party of China.

The meeting specifically proposed seven key tasks for the three-year action of central enterprise reform, including:

First, we should focus on the construction of modern enterprise system with Chinese characteristics. We will carry out management improvement actions against world-class enterprises, promote management process reengineering, and optimize resource allocation.

Second, we should focus on optimizing the distribution and structural adjustment of the state-owned economy. We should support central enterprises to promote the coordinated development of private enterprises and small and medium-sized enterprises, and promote the concentration of state-owned capital in important industries and key areas. It is necessary to enhance the ability of independent innovation, increase R & D investment, and improve the collaborative innovation system, so as to make greater achievements in tackling key core technologies and transforming and applying scientific research achievements.

Fourth, we should focus on improving the market-oriented operation mechanism. We should flexibly carry out a variety of medium and long-term incentives, make full use of the existing clear policies, and support the exploration of the mechanism of excess profit sharing and the mechanism of key employees following investment, and implement more diversified and more in line with the market rules and the actual situation of enterprises.

Fifth, we should speed up the formation of a state-owned assets supervision system focusing on capital management. Give full play to the functions of state-owned capital investment and operating companies in authorized operation, structural adjustment, capital operation, stimulating the vitality of invested enterprises and serving the real economy.

Seventh, we should give prominence to the partys leadership and Party building.

The meeting stressed that, as the first responsible person, the main responsible comrades of the enterprise should personally grasp and take the lead in the work, so as to achieve the personal deployment of key tasks, the personal control of major plans, the personal coordination of key links, and the personal supervision of the implementation. The group company and its subsidiary companies should set up military orders at different levels, compact the responsibilities and conduct the pressure step by step, so as to ensure the connection between the upper and lower levels and the one pole to the end.

Focus on the mixed reform of two types enterprises

In practice, since 1978, the reform of mixed ownership has been continuously strengthened and its scope has been expanded. With the launch of four batches of 210 pilot projects of mixed ownership reform, double hundred action, regional comprehensive reform experiment and science and technology reform demonstration action, the reform of mixed ownership has been launched from point to surface.

The meeting pointed out that for central enterprises, we should focus on promoting the reform of mixed ownership of state-owned capital investment, enterprises funded by operating companies and commercial subsidiaries. For a period of time, the focus of mixed reform will be more focused.

2020 is the first year of implementing the three-year reform of state-owned enterprises. From the central government to the local government, we will accelerate the pilot work of state-owned capital investment and operating companies (two types of companies). Chinas state-owned capital operation will be upgraded by upgrading its operation platform, operation mode and operation capacity this year. While supporting the mixed reform of central and state-owned enterprises, we should invest in a number of non-state-owned enterprises with great development potential and strong growth ability and turn them into mixed ownership enterprises. China Minmetals upgraded the pilot reform plan of state-owned capital investment company. The key points are to deepen the reform of mixed ownership, continuously and deeply promote the tenure system and contractual management of managers, further promote the reform of personnel selection and appointment mechanism, and explore the establishment and improvement of medium and long-term incentive mechanism in qualified enterprises. At the local level, Jilin province takes 2020 as the key year for the reform of state-owned enterprises. The implementation plan of the mixed ownership reform of state-owned enterprises in Jilin Province is proposed to strengthen the construction of the exercise ability of state-owned capital investment and operation companies at all levels, and create a specialized state-owned capital operation platform. Through equity operation, asset disposal and other ways, we will promote the reform of the mixed ownership system of the affiliated funded enterprises, and promote the industrial transformation and kinetic energy conversion. Guangzhou has also clearly proposed to build a state-owned assets supervision system focusing on capital management, strengthen the restructuring of municipal enterprises, and reorganize and set up state-owned capital investment companies. We will optimize the allocation of state-owned capital and strive for the asset securitization rate of competitive municipal state-owned enterprises to reach 80%.

The state owned assets supervision and Administration Commission of the State Council divides state-owned enterprises into commercial and public welfare categories, and the commercial category is further divided into commercial and commercial categories. By defining functions and categories, we should carry out classified reform, classified development, classified supervision, classified responsibility determination and classified assessment, so as to improve the pertinence of reform, the effectiveness of supervision and the scientificity of assessment and evaluation, and promote the organic unity of economic and social benefits of state-owned enterprises.

Support the central enterprises to promote the coordinated development of private enterprises and small and medium-sized enterprises

On September 27, the fourth meeting of the State Councils leading group for state-owned enterprise reform and the teleconference on mobilization and deployment of national state-owned enterprise reform in the past three years proposed to play a leading role in improving the supply chain level of the industrial chain. State owned enterprises should play a leading role and an important influence on the healthy development of private enterprises. According to the concentration requirements of different industries, promote the formation of a better market structure. State owned and private enterprises should cooperate with each other to promote merger, reorganization and strategic combination.

The meeting proposed that we should focus on optimizing the layout and structural adjustment of the state-owned economy. We should support central enterprises to promote the coordinated development of private enterprises and small and medium-sized enterprises, and promote the concentration of state-owned capital in important industries and key areas.

Li Jin, chief researcher of China Enterprise Research Institute, said that state-owned enterprises should play a leading role and an important influence on the healthy development of private enterprises. According to the concentration requirements of different industries, promote the formation of a better market structure. When talking about merger and reorganization and strategic combination, it is not the merger and reorganization and strategic combination that we usually talk about, but that the state-owned enterprises and private enterprises should cooperate with each other. It is the reorganization between the state-owned enterprises and private enterprises, which belongs to the industrial chain restructuring between the state-owned enterprises and private enterprises. Previously, the market did not pay enough attention to this.

Gao Minghua, director of the Research Center for corporate governance and enterprise development of Beijing Normal University, said that the core of strategic combination is integration. For the strategic combination of state-owned enterprises and private enterprises, the main form of integration is mixed ownership. Equal protection is the core of the strategic combination of state-owned enterprises and private enterprises. According to the teams research, among the listed companies with mixed ownership, the average value of the protection index for small and medium-sized investors in 2019 is only 52.14 points, while that of Chinas holding listed companies is 53.28 points. The overall level needs to be improved. Equal protection of the rights and interests of private capital is directly related to the success of the strategic combination of state-owned enterprises and private enterprises. At the same time, in the asset transaction between state-owned enterprises and private enterprises, the first is to ensure the transparency of transaction information; the second is to ensure full bidding and marketization. The asset transaction price formed on this basis should be compliant to remove the doubts of all parties.

Clear two time nodes of stripping social functions and solving problems left over by history

At the meeting, the separation of social functions and the solution of historical problems were further clarified, that is, by 2020, the reform of factory run collective organizations will be basically completed, and the main work of socialized management of retirees will be completed, so as to ensure that the social functions of enterprises will be stripped and the problems left over from history will be solved in 2022.

It is an important task to comprehensively deepen the reform of state-owned enterprises, a major measure of supply side structural reform, and a major livelihood project to improve the level of public management services and realize the equalization of basic public services. In 2016, the State Council issued the work plan on speeding up the stripping of social functions of state-owned enterprises and solving problems left over by history, proposing that the task of stripping should be basically completed by the end of 2018. Due to too many obstacles in the work, it is difficult to push forward and the progress is slow. Now all thats left is hard to chew.

All localities should pay close attention to formulating and improving the implementation plan for their own regions

According to the requirements of the meeting, the leading group offices of state-owned enterprise reform in all localities should closely combine with the actual situation of local reform, and focus on the key tasks, such as improving the modern enterprise system with Chinese characteristics, enhancing the independent innovation ability of state-owned enterprises, optimizing and restructuring the state-owned economic distribution Bureau, promoting the reform of mixed ownership, and establishing and improving the market-oriented operation mechanism New breakthroughs have been made in key areas and key links such as establishing and improving the state-owned assets supervision system.

The meeting stressed that all localities should promptly formulate and improve the implementation plan of the three-year action for the reform of state-owned enterprises in their respective regions, decompose and implement the tasks of the three-year action in place, have a clear timetable and responsible person, issue military orders and establish the system of the first responsible person. The majority of local state-owned enterprises are the main body of implementation of the three-year action. They should formulate specific implementation plans or plans, and seek motivation, dividends and benefits from reform. According to the opinions on the division of labor among key departments of the State Council, the SASAC of the State Council will take the lead in introducing the relevant policies of implementing the three-year action of state-owned enterprise reform before the end of October. The analysis shows that the three-year action is a construction drawing. How to make this construction drawing measurable, assessable and verifiable is worth looking forward to. Up to now, the three-year action plan for SOE reform has been issued. According to media reports, the full text of the three-year action plan may be released in the near future. Source of this article: Yang Bin, responsible editor of securities companies in China_ NF4368

The meeting stressed that all localities should promptly formulate and improve the implementation plan of the three-year action for the reform of state-owned enterprises in their respective regions, decompose and implement the tasks of the three-year action in place, have a clear timetable and responsible person, issue military orders and establish the system of the first responsible person. The majority of local state-owned enterprises are the main body of implementation of the three-year action. They should formulate specific implementation plans or plans, and seek motivation, dividends and benefits from reform.

According to the opinions on the division of labor among key departments of the State Council, the SASAC of the State Council will take the lead in introducing the relevant policies of implementing the three-year action of state-owned enterprise reform before the end of October. The analysis shows that the three-year action is a construction drawing. How to make this construction drawing measurable, assessable and verifiable is worth looking forward to. Up to now, the three-year action plan for SOE reform has been issued. According to media reports, the full text of the three-year action plan may be released in the near future.