We Should Try These Methods In Order To Turn The Battle For The Retail Industry.

Recently, the State Council issued

It is pointed out that 30 "practical measures" can help enterprises reduce costs by reasonably reducing the tax burden, reducing labor costs, reducing institutional paction costs and breaking the geographical segmentation in 8 aspects.

Retail enterprises admit that once the social security compulsory payment and the chain branch must be registered in the form of legal person, once the problem is broken, the enterprise will benefit from it.

The development is difficult and the cost is high. The relevant departments have begun to reduce the industry.

Social security payment adjustment staff wages "more".

"The wage level keeps a reasonable growth, and the ratio of five risks and one gold payment to the total wage will be reduced reasonably."

In fact, retailers have long appealed for this. During the two sessions of 2016, a number of deputies to the NPC and Wang Tian, chairman of BBK group, put forward "suggestions on reducing the cost of non urban household workers and hourly workers social insurance costs in chain retail and catering enterprises".

In the work plan of reducing the cost of real economy enterprises, we put forward that we should adopt progressive delaying retirement age, carry out fund investment and operation, and pfer some state-owned capital to enrich social security funds, and support all areas to raise funds through auction and leasing of government public resources assets, so as to create conditions for reducing the proportion of social security contributions.

Cross regional tax reform to reduce operating costs

"Where a chain enterprise requires the establishment of a non enterprise legal person store or distribution center, the local government and relevant departments shall not set obstacles in any form."

It is understood that, in order to retain the tax source and increase the total retail sales of consumer goods, local governments have issued rigid policy requirements or forced them to open their stores in the form of Incorporated Company by procrastination.

Each retail chain enterprise can only register the branch (non independent legal person) that is supposed to be unified management and unified accounting, and become an independent enterprise legal person (subsidiary company) in various places. This practice makes it difficult for chain corporation to calculate profits and losses among many new and old branches, thus greatly increasing the operation cost and tax burden.

The obstacle that chain enterprises should face in the development of cross regions is obvious when they are developing across provinces.

In the Beijing market,

There are not many obstacles for the city chain enterprises to operate across the city.

At present, a chain store operating in Beijing is required to handle the business license of a branch without opening an independent legal entity.

Recently, in the opinions of the six departments of the Municipal Commerce Commission, the municipal development and Reform Commission, the Municipal Finance Bureau, the Municipal Planning Commission, the Municipal Industrial and commercial bureau and the Municipal Food and Drug Administration jointly issued and jointly issued the "opinions on further promoting the development of chain operations", it is emphasized that the cost of chain operation tax should be reduced reasonably, and the total tax offices of chain stores should be consolidated to collect tax policies.

Encourage Asset Securitization

"Vigorously develop equity financing and expand rationally.

Market size. "

Declining retail sales, poor performance and lack of bright retail are not the object of capital pursuit, or even a bit away from capital.

However, in addition to solving the problem from its own business, the retailing industry can also increase the liquidity with fixed asset securitization and activate the efficiency of asset utilization.

In the work plan to reduce the cost of real economy enterprises, we mentioned that we should vigorously develop equity financing and expand the scale of the bond market reasonably.

The analysis points out that the equivalent value of cash will be acquired in the form of revaluation of the property held by the enterprise, on the one hand, it will increase the value of the assets side, on the other hand, it will improve the liquidity of the assets, improve the financial situation obviously, and increase the ammunition for the sustainable development of the enterprises.

In fact, retailers have begun to try this way this year.

Zhong Bai group has begun to try asset securitization.

In the first half of 2016, China 100 group's operating income was 8 billion 23 million yuan, down 6.77% compared with the same period last year.

The net loss of shareholders of the company was 62 million 455 thousand and 600 yuan, down 387.43% from the same period last year.

Zhong Bai Group expects the downward trend of the three quarter performance will continue, but in addition to promoting the new format, it is also ready to seek changes through asset mobilization and extension mergers and acquisitions.

At the beginning of this year, in order to realize the rapid expansion of enterprises, Zhong Bai group announced its participation in the establishment of a merger fund.

In the first half of the year's earnings report, Zhong Bai group also announced a notice to excavate the market value of the sunken assets and revitalize the stock assets. The wholly owned subsidiary of Wuhan Zhong Bai Department Store limited liability company intends to implement the asset securitization operation of some store property.

Yueyuecheng Real Estate Co., Ltd. (hereinafter referred to as "Joy City real estate") disclosed last month that it sold 49% of the three companies of Li Hang and An Hejin star company, worth 9 billion 289 million yuan.

The above three companies hold assets including Beijing Xidan Joy City, Shanghai Joy City, Tianjin Joy City, Beijing Chaoyang Joy City, Beijing COFCO Plaza, COFCO land Plaza (formerly Andingmen project), that is, Yuecheng real estate sells the six major commercial projects.

The margin of the public listing process is 930 million yuan, and the proceeds from the sale are used to improve the financial position and repay the existing debt.

"To solve the problem of financing difficulties and high financing in the current financing market, it is necessary to make operational assets really move up, so we need to give full play to the role of asset securitization in revitalize stock assets and enhance asset liquidity."

Industry experts said that the current monetary and credit aggregates remained high, and revitalize such a huge amount of credit assets, not only for the improvement of liquidity of commercial banks, but also for the real economy and the adjustment of economic structure.

In particular, under the premise of economic growth decline, the urgent demand for economic pformation, and the high growth of money can not be used to boost the economy, we need to revitalize the stock of money and credit and serve the healthy and sustainable development of the real economy.

Industry experts also said that the essence of asset securitization is to revitalize assets, improve the liquidity of assets, and innovate and integrate cash flow.

Asset securitization should not be a way to solve bad assets.

In addition, asset securitization products should also strictly meet the needs of the real economy and prevent products that are divorced from actual economic needs and securitized.