SASAC State-Owned Enterprise Reform Plan Is Ready To Come Out

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"P," a source close to the SASAC, told reporters that the SOE reform plan is coming out. The SASAC will announce the plan and launch four important pilot projects in the near future.

According to the information released by the SASAC website in July 7th, in July 3rd, the ninth meeting of the SASAC also considered the definition and classification scheme of the central enterprises' functions of the SASAC (Draft), and requested further revisions and improvements to seek the opinions of the relevant ministries and commissions.

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< p > over the past half a month, the SASAC has held five meetings and plenary sessions of the reform group to discuss all the details of the reform plan and the contents of the various pilot projects.

The latest meeting was held at the ninth meeting of the leading group of the comprehensive deepening reform of the SASAC in July 3rd. At the meeting, it considered the proposal to launch the pilot work of the four reforms. Zhang Yi, director of the SASAC, said that the meeting was both a launching meeting and a mobilization meeting for the pilot work of the four reforms.

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"P," a source close to the SASAC, told reporters that the SOE reform plan is coming out. The SASAC will announce the plan and launch four important pilot projects in the near future.

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In July 3rd, the ninth meeting of the SASAC also considered the definition and classification scheme of the central enterprises' functions of the SASAC (Draft for consultation), and requested further revision and improvement to seek the opinions of the relevant ministries and commissions in July 3rd, according to the information released by the a href= http://www.91se91.com/news/index_c.asp in July 7th.

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< p > < strong > four reform pilot < /strong > < /p >

< p > < strong > "these four reforms are all done according to the work requirements of the Central Committee". < /strong > < /p >

< p > reporters learned that the four pilot reforms that the SASAC intends to launch are "reorganizing or establishing a pilot scheme for state-owned capital investment and operation companies", "the pilot of mixed ownership economy", "the pilot scheme for the selection of senior management personnel, performance appraisal and remuneration authority" by the board of directors of the central enterprises, as well as the pilot of the discipline inspection unit assigned to the central enterprises.

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< p > Zhang Zhigang, Minister of the Ministry of development and reform of the SASAC, said that these four reforms were conducted according to the requirements of the Central Committee's deployment. Some of them have already been launched in the past. For example, the accredited discipline inspection teams are based on the SASAC's inspection teams, and the pilot of the board of directors has also been deliberate.

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< p > the SASAC inspection team is the SASAC since 2009. According to the deployment of the central inspection teams, the SASAC has carried out mobile inspections within the central enterprises. Last month, the SASAC inspection team has notified the 6 central enterprises of China's South car (601766, stock bar), China silk group, China Cotton Storage General Corporation, China chemical industry, China Salt Company and Cheng Tong Group.

According to public opinion, the audit department recently criticized the audit problems of 11 central enterprises, and how to control the central enterprises' internal controls, in addition to using irregular inspections, it is also crucial to reform the discipline inspection system of the central enterprises.

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< p > Zhou Fangsheng, vice president of the Chinese enterprise reform and Development Research Association, believes that based on the corruption cases of Jiang Jiemin, former chairman of the SASAC, Song Lin, former deputy general manager of Huarun group, and Wang Yongchun, Li Hualin, etc., the discipline inspection work is difficult to carry out supervision among the peers, or it may change the discipline inspection system.

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"P," a source close to the SASAC, told reporters that the four pilot work plans have been completed and are yet to be made public.

In addition, a number of work has also made significant progress in the reform of state-owned enterprises, including the definition and classification of functions of central enterprises, and the introduction of Interim Measures for non-state-owned capital participation in investment projects of central enterprises.

Two guiding opinions on deepening the reform of state-owned enterprises (draft proposal) and the general reform plan for improving the management system of state-owned assets have also been considered.

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< p > < strong > multiple intensive meetings < /strong > < /p >

< p > < strong > "grasp the docking with the pilot enterprises and carry out the work as soon as possible" < /strong > /p >

"P >" since the end of January, the SASAC has set up a comprehensive deepening reform leading group. In the past seven months, the SASAC has held fourteen meetings on reform, including nine plenary meetings and five special conferences.

In the past half a month, the conference has been more frequent than before. From June 21st to July 3rd, there were two sessions of the thematic meeting and three meetings.

A source told reporters that frequent meetings showed that the consensus of the reform content was gradually reached, and the SASAC will soon announce relevant reform proposals.

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Zhang Yi, director of the SASAC at the plenary meeting in July 3rd, said that under the unified arrangement of the leading group of the SASAC, the task force was responsible for the organization, leadership and coordination of the specific work of the task force.

He urged the leaders in charge to take effective responsibility, organize a special group to further improve the pilot work plan, and closely link with the pilot enterprises, and carry out work as soon as possible.

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< p > Zhang Yi also asked the relevant departments and bureaus to work together and divide the work without division of labour and work together to push forward the reform.

He stressed the need to strengthen coordination and coordination among pilot projects, between policies and between work. There should be targeted policies and measures to reflect the characteristics of each pilot project, as well as common requirements for the pilot project of "four reforms".

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< p > there were many speculation about the SASAC's reform plan.

Zhang Yi, however, told the SASAC colleagues that the pilot project should not be conservative, stick to the rules, boldly explore, and dare to take the new road.

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< p > < strong > Shanghai investment opportunities lock six main line < /strong > < /p >

< p > the Shanghai municipal Party committee and the Shanghai municipal government held a forum on further promoting the reform of state-owned assets in Shanghai to promote the development of enterprises in July 7th. A number of opinions on promoting the active development of the mixed ownership economy in the city (Trial Implementation) were issued at the meeting. The main objective is to carry out the reform of the state-owned enterprise system after 3 to 5 years of continuous progress. In addition to the state policy, it is necessary to maintain the state ownership, and the remaining enterprises will diversify their stock rights and develop a mixed ownership economy.

This is the refinement of the 20 programmatic documents of the state owned assets reform in Shanghai at the end of last year.

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< p > analysts said that the opinions clearly put forward 9 specific measures for Shanghai state owned enterprises to actively develop the mixed ownership economy.

This is another step forward after the first step in the reform of state owned assets in Shanghai at the end of last year.

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< p > by this news, yesterday, the Shanghai state-owned asset reform concept stocks, Jinjiang shares (6.36%), delivery shares (2.25%), Shanghai Mellin (1.32%), tunnel shares (1.25%), Yimin group (1.23%) and other stocks rose.

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< p > public information shows that there are 72 listed companies related to the Shanghai SASAC in the A share market.

The total assets of these listed companies amount to 13602 billion yuan, and there are six industries whose assets exceed 100 billion yuan, namely, automobiles (431 billion 900 million yuan), real estate (154 billion 200 million yuan), construction (154 billion yuan), electric power equipment (128 billion yuan), pportation (125 billion 600 million yuan) and retail trade (107 billion 900 million yuan).

SAIC, Shanghai electric and Shanghai port group are the 3 largest listed companies in Shanghai.

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< p > at the level of the SASAC group, the total assets of Shanghai's state-owned assets are nearly 10 trillion yuan, and the SASAC has 52 groups.

The assets of these group units are concentrated in automobile, electrical equipment, port pportation, real estate, commercial retail, medicine, infrastructure and so on.

In 2012, the Shanghai state owned assets management system achieved a revenue of 1 trillion and 614 billion 629 million yuan, an increase of 10.8% over the same period, with a total profit of 94 billion 988 million yuan and an increase of 3.4% in the same caliber.

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On the choice of stocks, P said, it can be based on: 1. large state-owned enterprises with hidden assets, such as department stores that occupy central parts of the city, industrial plants in the urban area and enterprises that can be used for commercial purposes.

2. the rate of return on net assets of private enterprises is very high, but the rate of return on assets of SOEs is very low.

3. in line with the direction of Shanghai's industrial development, restructuring or merger or asset injection opportunities larger group of listed companies.

4. actively introduce private capital and strategic investors, cross shareholding with private enterprises and achieve mixed ownership.

The competitive commercial class that state capital partially or completely withdraws.

5. companies with structural changes and profits rise.

6., establish a new board of directors system, equity incentive mechanism, professional managers of enterprises.

Suggestions for attention: Yimin group, Xujiahui, friendship stock, New Huangpu and so on.

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P > < strong > two types of shares in Shandong deserve attention to < /strong > /p >

< p > July 7th, Shandong announced the opinions of the CPC Shandong provincial Party committee and the Shandong Provincial People's Government on deepening the reform and perfecting the state-owned assets management system of the provincial state-owned enterprises (hereinafter referred to as the "opinions"). There are altogether 26 opinions, including the establishment of state-owned capital investment operation companies, the pilot shareholding of mixed ownership enterprises, the introduction of social capital to participate in the reform of provincial state-owned enterprises, and so on.

"Opinions" pointed out that the establishment of equity capital to the company's basic decision role.

Adhering to the same rights and shares, shareholders shall exercise their duties according to the proportion of capital contributions.

In addition, the "Shandong version" reform of state assets clearly stated that Shandong will gradually increase the proportion of state-owned capital gains paid to public finance, increased to 10% in 2015, and increased to 30% in 2020, focusing on social security and other people's livelihood expenditures.

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< p > by this news, yesterday, Shandong's state-owned assets reform concept stocks, wave information (8%), Zhong Tong bus (5.68%), Shandong medicine glass (4.51%), Weichai heavy machine (4.47%), Yantai ice wheel (3.62%), new Beiyang (3.51%), Shandong Luqiao (3.29%), Lu Yin investment (2.95%), wave software (2.45%) and other stocks rose significantly.

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On the whole, as an important part of China's economic system reform, the reform of P has experienced several rounds of reform, including decentralization, profit sharing, contract management reform, big and small scale reform, and the reform of the company system. The essence of the reform has gradually shifted from the surface distribution relationship to the state-owned enterprise property right.

A large number of studies show that SOE reform can quickly release the corresponding institutional dividend.

The characteristics of the current state owned enterprise system are as follows: first, the SASAC exercises the duties of the contributor; second, the SASAC appoint shareholders to participate in the shareholders' meeting; third, the state-owned enterprise management is mainly appointed and removed by the SASAC and nominated; fourth, the management salary consists of the basic annual salary, the performance annual salary and the medium and long term incentive income.

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< p > it is understood that as of the end of last year, there were 23 provincial enterprises in Shandong, with a total assets of 12906 billion yuan.

Among them are listed companies: Shandong iron and Steel Group (Shandong iron and Steel Company under the jurisdiction of listed companies), Shandong Gold Group (Shandong gold), Shandong commercial group (Lu Shang real estate, Ginza shares), Shandong high speed group (Shandong high-speed, Shandong Luqiao), Shandong aviation group (B), Shandong Heavy Industries Group (Weichai Power Company, Weichang heavy machine), state-owned assets Klc Holdings Ltd (Lu Yin investment, Xinhua pharmaceuticals, Lu Kang medicine), wave group (wave information, wave software).

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< p > > on the choice of stocks, < a href= "http://www.91se91.com/news/index_s.asp" > market < /a > people said that two kinds of companies should be concerned: first, continuous loss companies, such as Lu Kang medicine, net profit after deducting non recurring gains and losses in recent 3 years, all of which are negative, and the overcapacity of raw materials and drugs industry is serious; two, companies with strong assets injections due to competition in the same industry, such as Ginza shares.

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