[Shanghai State Assets Integration] Shanghai State Owned Assets Reform Guiding Opinions Will Be Published Soon. [Shanghai State Assets Integration] Shanghai State Assets Reform Guidance Will Be Issued Soon.

Large scale state-owned enterprises in Shanghai will have a set of clear guidance.

As the key "guide" for the reform and reorganization of state-owned enterprises in Shanghai, some opinions on further promoting the reform and development of state owned enterprises in Shanghai (hereinafter referred to as "guiding opinions") have been discussed and approved by Shanghai SASAC within a few days ago, and submitted to the Standing Committee of Shanghai Municipal Committee for consideration.

According to the "finance and economics" reporter, Shanghai intends to classify and supervise the main businesses and non main industries of state-owned enterprises, accelerate the adjustment of the main business, and promote the overall thinking of qualified large state-owned enterprises as a whole.

On the afternoon of August 12th, Yu Zhengsheng, Secretary of the Shanghai municipal Party committee, chaired the meeting of the Standing Committee of the municipal Party committee. He heard and considered some opinions on further promoting the reform and development of state owned enterprises in Shanghai, and the related opinions on further standardizing and improving the corporate governance structure of state-owned enterprises (Draft). Some suggestions on deepening and improving the industrial development policy of Shanghai were put forward to promote the development of state-owned enterprises in Shanghai.

"Finance and economics" reporter learned that the "guidance" was drafted in June of this year and submitted to the Shanghai Municipal Committee after extensive collection of opinions. The investigation and drafting of some guiding policies for the development of state-owned enterprises are all handled by Ai Baojun, vice mayor of Shanghai, and the director of Shanghai SASAC is responsible for Yang Guoxiong.

Since June of this year, the SASAC system of Shanghai has held several meetings to discuss the reform ideas of state owned enterprises.

Shen Hongguang, member of the Standing Committee of the Shanghai Municipal Committee and Minister of the organization, summarized it as three levels: in the reform of state-owned assets, we should solve the problem of optimizing the layout structure of state assets; in the reform and development of state-owned enterprises, we should solve the problem of how to enhance the competitiveness or core competitiveness of the main industry; in building the team, we should further solve the problem of corporate governance structure.

Shen Hongguang also stressed that the four important tasks for the SASAC system to do at present are to promote the combination of openness and market restructuring, to create competitive large conglomerates, make full use of the capital market, take the road of listing development, improve the corporate governance structure, perfect the market selection and employment mechanism, and promote the integration of non main business assets and the restructuring and reorganization of small and medium-sized enterprises.

Yang Guoxiong said that we should speed up the structural adjustment of state assets, and make it possible and orderly. We should actively create a leading group with independent brands in the same industry, make full use of the capital market, promote the overall listing of the core business and the dominant enterprises, improve the corporate governance structure, improve the personnel mechanism in accordance with the company law, implement the human rights of the board of directors, and establish a state-owned assets supervision and operation system with comprehensive coverage, clear responsibilities and responsibilities, classified supervision and smooth circulation.

Under the above thinking of reorganization of state-owned enterprises, Shanghai SASAC has also established a way of supervising state-owned enterprises in Shanghai, that is, according to the division of "main business", the supervision is classified.

The Interim Measures for investment supervision and management of state-owned enterprises in Shanghai (hereinafter referred to as "supervision measures") have been deliberated and adopted at the fifth chief executive meeting of the Shanghai SASAC in April 16, 2008.

The "supervision measures" strictly defined the above classified supervision methods.

For example, the record management of the main industry investment plan is carried out. The main industry investment plan is submitted to the municipal SASAC in the form of reports; the non main business investment plan is approved and submitted to the SASAC in the form of request.

The main business refers to the main business (including core business and cultivation business) identified by the enterprise's development strategy and plan and approved by the municipal SASAC, and the non main business refers to other business outside the main business.

It is understood that at the beginning of this year, the Shanghai SASAC has issued two batch of main industry catalogues to its supervised state owned enterprise groups, a total of 24, and large industrial enterprises have been completed. In the second half of this year, the remaining two batches of the main business catalogue will be completed and issued. The third batch will mainly be investment enterprise groups, while the fourth batch will be mainly scientific research institutes.

According to statistics, Shanghai SASAC has invested in supervising a total of 48 enterprise groups, involving 79 industries. Nearly 11% of the assets are scattered in 59 general competitive industries, such as catering, paper making, wood processing, building decoration, plastic products, textile, clothing, shoes and hats.

The main business scope determined by the Shanghai SASAC is mainly in Shanghai's "11th Five-Year plan", which is in line with the pillar industries of Shanghai's economic development. The reform measures such as enterprise reorganization, industrial integration, and overall listing will take full advantage of the capital market.

According to the "11th Five-Year plan" of Shanghai, Shanghai will focus on six major industries: information, finance, commerce and circulation, automobile manufacturing, complete equipment manufacturing and real estate.

According to the Shanghai special plan for the adjustment and development of state-owned assets in 11th Five-Year, more than 30% of Shanghai's state-owned assets will be concentrated in Listed Companies in 2010.

Yang Guoxiong has also publicly stated that the strategic competitive state-owned assets, especially the pillar industries of Shanghai, should be defined as a strategic competitive state-owned asset. In order to ensure the absolute holding or relative holding, all enterprises should clarify their main businesses and intensify their efforts to deepen the reform of state owned enterprises with the help of capital market openness and standardization so as to promote the concentration of state-owned assets in Shanghai's leading industries and key areas, and continuously enhance the vitality, control and influence of the state-owned economy.

Shanghai City SASAC director of corporate restructuring to the "financial" reporter stressed that Shanghai's state-owned assets integration ideas and policies are not unique to Shanghai, but an important part of the national integration of the whole country, and the attitude of the State Council is the same.

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