SASAC Has Promoted The 16 Central Enterprises To List &Nbsp As A Whole This Year, And Totally Controls 7 Industries.

Authoritative sources recently told the China Securities Journal reporter that the newly established Asset Management Co of the state holding company will become the central enterprise's overall listing propeller.

Authoritative sources said that the new China holding management company will mainly undertake two functions.

First, as a central enterprise restructuring and asset integration platform, in accordance with the idea of a mature family, it absorbs the central enterprises that are ranked behind and whose assets are not high. Two, as a whole listing platform for the central enterprises, one of the sponsors is the currency contribution, which promotes the overall listing of the restructuring group.

In accordance with the requirements of the SASAC, the group that has already been listed as a whole is required to digest the existing enterprises and achieve the overall listing at the group level.

In the listed capital market choice, according to the SASAC plan, the central enterprises will choose the "overseas plus domestic" mode, namely the A+H mode.

Authorities also revealed that in promoting the restructuring of the central enterprises, the state will maintain the absolute control of the state-owned economy in seven industries, such as military industry, coal, power grid, electricity, civil aviation, shipping, telecommunications, petroleum and petrochemical industries, and other industries will be more likely to be incorporated into the new state holding company.

Restructuring will no longer pursue quantity, but focus on quality.

At the beginning of the new year, Minmetals shares, China general number, and China railway materials will be launched as soon as possible, and all the investors of the three joint-stock enterprises appear quietly.

China Securities Daily reporters access to information found that the newly established three companies, the holdings of new China Holdings are about 2%.

Shares of Minmetals and China general number are working on stripping off bad assets, strengthening the main business and listing assets.

According to the above sources, the central enterprises that will finally achieve the overall listing are likely to be a clean listed company, no group company, not to carry on the remaining enterprises, and operate fully in accordance with the requirements of the capital market.