Overseas Assets Exceed 4 Trillion &Nbsp; SASAC Warned Central Enterprises To Compete Overseas.

Recently, the SASAC

At the meeting, Huang Danhua, deputy director of the SASAC, clarified the three tasks of "going out" of the central enterprises during the "12th Five-Year" period.

Shao Ning, deputy director of the SASAC, told our reporter that our central enterprises are still in the initial stage of "going global". This stage mainly depends on how much international sales revenue has been achieved and how much profit has been achieved, which is far from the true level of international operation.

As central enterprises accelerate the pace of "going out", difficulties and risks are also increasing.

Among them, the vicious competition among the central enterprises has attracted the attention of the SASAC.

A resource center enterprise official told reporters that domestic enterprises in the overseas market vicious competition, on the one hand, raised the price of the paction object, on the other hand, undermined the image of Chinese enterprises.

In addition, under the circumstances of ideological bias, vested interests, "catching up and blocking" and tight resources, the central enterprises' "going out" is also facing unprecedented risks, and the central enterprises lack international talents to cope with risks.

"Going out" is at an early stage.

Generally seeking control is a common "common failing" for the central enterprises to "go out".

At present, China's overseas assets stall has been widely spread.

According to the SASAC statistics, as of the end of 2009, there were 108 central enterprises investing in 5901 overseas units, and the overseas assets of the central enterprises exceeded 4 trillion yuan. The profits accounted for 37.7% of the total profits of the central enterprises, and some of the overseas projects accounted for 50% of the total profits of the enterprises.

But the huge overseas assets do not mean that the central enterprises are highly capable of internationalized operation.

On the contrary, even the best central enterprises in China still have a long way to go.

A fact is that most enterprises in our country are in the process of production and processing and low added value in the international division of labor. The main means of competition still rely on low cost production factors.

Shao Ning pointed out that the "going out" of the central enterprises is still in its infancy, and is generally in a weak position compared with foreign multinationals.

It is mainly manifested in the insufficiency of international operation ability.

The SASAC also admits that the ability to internationalize is a short board for the "go out" of the central enterprises.

"Failure is a common occurrence. Sometimes the whole project is lost and billions of dollars are lost."

In an internal seminar, a manager of overseas investment in China Nonferrous Metals Group said.

Generally seeking control is a common "common failing" for the central enterprises to go out.

"Blind pursuit of holding, often ends up beating the head."

A vice president of China Railway Materials told reporters that holding is easy to block the examination and approval, and also cause local investors to be disgusted with Chinese enterprises and give politicians an excuse to attack.

Fu Chengyu, chairman of CNOOC, concluded in an internal seminar of the central enterprises. The most important thing to go out is to seek local partners, emphasize foreign ownership instead of holding shares, and emphasize the contribution of pactions to local employment and taxes.

In addition, because of the unfamiliarity with overseas markets, the central enterprises paid a lot of tuition fees for this purpose.

This reporter learned that a domestic enterprise bought a high grade mine in South America, and the investment amount was low. However, it was found that the project lacks infrastructure facilities and the natural conditions are very poor. The investment in supporting facilities construction has exceeded 3 times the amount of money purchased.

At present, the company not only can not recover the investment amount of 1 billion 500 million dollars, but also can not pport the equipment back.

Vicious competition

The biggest fear is not foreign competitors, but domestic enterprises.

In recent years, vicious competition has become a problem for central enterprises to "go out".

Shao Ning once admitted to this reporter that the central enterprises did exist vicious competition when they invested overseas, and the SASAC also coordinated the investment conflicts between the central enterprises many times.

An overseas investment director of the central enterprise even said that Chinese enterprises "go out" are most afraid of not foreign competitors, but the domestic brothers "dug the feet".

A senior reporter of the CSR group told an interview with our reporter that the central enterprises had frequent "bids" during overseas bidding. In order to get the project "unscrupulous", "two branches of a company can compete for the same item, and the price difference can be 100 million yuan."

"At home, it is a good thing for a foreign project to destroy the market and destroy the image and reputation of the Chinese enterprises if they go on competing. This is a very dangerous thing. In the past, the leadership of the State Council has coordinated, but the effect is not great."

The South car executives said.

This newspaper learned that during the acquisition of iron ore in Australia, central enterprises such as WISCO, Angang, Baosteel and Sinosteel had once seen a mine in pibala, and eventually the domestic enterprises increased their price each other, and the paction price was 1/3 higher than the original one.

However, similar alliances between central enterprises have also been established.

According to our reporter, Wuhan Iron and steel project in Canada has been seen by other domestic steel enterprises. Later, the general manager of the Wuhan Iron and Steel Group, Deng Qi Lin, personally came forward to coordinate, and WISCO successfully purchased the project.

Aiming at the phenomenon of "cannibalism" by domestic enterprises, many central enterprises have made suggestions to set up an enterprise led pnational operation association organization, so as to make the enterprises' self-management and overseas cooperation as the main line, and make the "go out" enterprises of our country as a whole as soon as possible.