Central Enterprises Reform Starts In A Comprehensive Way: China Metallurgical Intends To Try Employee Stock Ownership

< p > < strong > China Metallurgical intends to try a href= "http://www.91se91.com/news/index_c.asp" > employee stock ownership < /a > /strong > /p >

< p > it is reported that in China's metallurgical industry performance briefing recently, China Metallurgical Corporation will start the reform of mixed ownership in 2014. The company is studying for a pilot project in a subsidiary or a three tier company. It will try one after another, try a number of reform measures and follow the market rules, and the shareholders who will be introduced in the future can enjoy the corresponding management rights according to their equity.

Guo Qing, chairman of China Metallurgical Group, said that the company has already made some attempts to market hiring executives, and this year will continue to expand the scope of this reform.

Among them, the company considers that it will take the lead in the reform of employee stock ownership in the sub enterprises or three level companies, mainly the scientific and technological personnel and the backbone of the business. The initial planned shareholding ratio will be no less than 20%.

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< p > "China Metallurgical Group has made an attempt to mix < a href=" http://www.91se91.com/news/index_c.asp "> ownership < /a >. The company is also studying how to regulate and enlarge the income of state-owned assets.

Guo Wen said that the company's operation principle is "large projects and small companies to carry out mixed ownership pformation".

He said, for example, that Huludao's nonferrous metals regrouping under the group is a good example. China Metallurgical shares accounted for 55%, Liaoning Hongyun accounted for 35%, Liaoning SASAC and Huludao accounted for 5%, not only could reduce the risk, but the market based mixed ownership operation would also be very helpful to the project.

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< p > < strong > the reform mode has the same goal: < /strong > /p >

< p > in addition to China Metallurgical, CNOOC chairman Wang Yilin also revealed the next step of reform ideas in the 28 day performance press conference.

"We are willing to further expand cooperation with new and growing companies both at home and abroad. The company's a href=" http://www.91se91.com/news/index_c.asp "> management level < /a > also advocates cooperation with domestic brotherhood companies, so long as it is a win-win cooperation thing, we can do it.

He said.

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< p > it is understood that CNOOC has set up a leading group for deepening reform led by Wang Yilin. At present, the group has set up 5 special groups, namely, the planned investment system reform, asset optimization, refining and marketing reform, human resources reform and science and technology reform. The special teams will focus on the compilation and implementation of the reform plan in this field in accordance with the key points of the 2014 leading group of CNOOC deepening reform, and comprehensively promote reform.

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< p > Wang Yilin said that CNOOC is now listed as the three listed company in Hongkong, New York and Toronto. Its shareholding ratio in China is 64.41%, and 35.59% of its shares are public shares and tradable shares. This shows that there are many components in the operation of the company.

And as of last year, CNOOC's foreign cooperation contract has reached 202, with many foreign partners.

"In the process of selecting partners, it is actually the use of market mechanisms, the first criterion is to help companies improve technology, reduce risks and increase efficiency."

This will also be the principle of cooperation in the future mixed ownership reform.

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< p > in fact, the central enterprises that start reform at present are more than these.

Lu Qizhou, general manager of CIC, has revealed that CIC will launch a mixed ownership reform this year. It will allow some of the shares of the CIC to be invested in the private sector, and the proportion of public participation in the construction projects will reach 1/3.

"Specific programmes are being studied."

CIC related responsible person said.

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At the same time, at the same time, many central enterprises such as Angang Group, Wuhan Iron and Steel Group, Baosteel Group, aerospace science and engineering group and so on have formally set up a reform group in March. Anshan Iron and Steel Group will focus on strategic structural adjustment, structural reform, operational mechanism reform and the "three systems" reform. There are more than ten project groups including turnaround and synergy project group, resource integration project team and so on.

The reform focus of Wuhan Iron and Steel Group is to explore the mixed equity economy such as trial equity incentive and employee stock ownership.

And Aerospace Science and Engineering Group will deepen the reform to the "two pioneering" height, said to build pformation and upgrading, the two pioneering new industrial platform, to promote the headquarters of the group from control to control and service combination type pformation.

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< p > "now all the central enterprises are very concerned about the reform. They are already preparing some overall reform programs, some of them have come to the stage of the detailed rules for brewing. Once the overall reform of the SASAC has come out, more enterprises are expected to join in the reform."

Industry sources said.

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< p > < strong > details need to see SASAC's "face" < /strong > /p >

< p > according to China Securities Network, the SASAC is also pushing ahead with reform matters when the central enterprises are eager to try.

It is understood that in March 6th and 8th, the SASAC held the first thematic meeting and the Third Plenary Session of the leading group of the comprehensive deepening reform, and deliberated and adopted the implementation plan of the SASAC, and implemented the tasks one by one to the relevant departments and bureaus, and clearly defined the time nodes and work processes for the implementation of the tasks. The next step will be to track and supervise the implementation.

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Zhang Xiwu, deputy director of the SASAC, deputy secretary of the Party committee and deputy leader of the leading group of the comprehensive deepening reform of the SASAC, pointed out at the meeting that the next step is to implement the key points of the central leading group in 2014 and plan various reform measures conscientiously, so as to implement the reform plan and reform measures practically.

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< p > although the central enterprises have already introduced the overall plan of deepening reform, the specific operation rules are still "waiting for the word boudoir".

In response, Ji Xiaonan said: "at present, enterprises can only formulate a principled reform plan, such as income distribution and many other issues that need to be clarified after the SASAC's overall reform views come out."

Li Jinze said that the overall reform program of the central enterprises has been revised and the rules for reform are being prepared.

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< p > in the capital market, there has been a prelude to the reform of the listed companies of the central enterprises.

Recently, due to the comprehensive offer offer for H-shares of Jingwei Textile machinery company, the capital integration drama of Heng Tian Group has attracted much attention.

In fact, Heng Tian Group put forward 5 steps to deepen the reform as early as the beginning of 2014, and made clear that the group's important tasks in 2014 included: implementing the sub group platform construction and business integration; focusing on key businesses, increasing integration efforts, optimizing resource allocation, making full use of capital markets, and strengthening capital operation.

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