The Reform Of Employee Stock Ownership In Local State-Owned Enterprises Has Entered A Critical Period.

Recently learned from several provinces, including

Nearly 20 provinces and municipalities in Shanghai, Shaanxi, Hunan, Hubei, Sichuan, Shandong and Chongqing have clearly promoted the pilot scheme of employee stock ownership in local state-owned enterprises, and many provinces are studying and formulating opinions or plans for implementing the pilot scheme of employee stock ownership in mixed ownership enterprises, and setting a timetable for reform.

At the same time, the list of pilot enterprises will be further expanded.

As an important part of the reform of mixed ownership, ESOP is undoubtedly one of the most challenging and sensitive problems in the reform of state-owned enterprises.

According to the plan of the SASAC of the State Council, the next step will be to select 10 enterprises from the central enterprises in the main business in the fully competitive industries and fields. The local state-owned enterprises choose 5 to 10 homes to carry out the first batch of pilot projects. In 2016, the first batch of pilot projects was launched, and one household was launched, and one household was launched. At the end of 2018, the phased summary was made, and the pilot project was timely expanded according to the situation.

"The local version of the landing plan is actually based on the overall plan, and every place according to the local industrial structure, enterprise characteristics and so on to formulate the corresponding thinning plan, in order to accelerate the reform landing, many provinces have clearly proposed that we should expand the pilot enterprises, and the list of pilot enterprises in some provinces are also selected to report."

A local state-owned source told reporters.

Take Sichuan as an example, the reporter learned from the Sichuan provincial SASAC, Sichuan has formulated and is about to introduce a mixed ownership enterprise employee stock ownership.

And set the timetable for reform.

The next step will be to carry out pilot work in the province by selecting 5 to 10 enterprises, including 3 to 5 provincial enterprises and 3 to 5 enterprises below the city or prefecture level.

In accordance with the pilot opinion, priority will be given to the contribution of talent capital and technological factors to the relatively high pformation research institutes, high-tech enterprises and science and technology service enterprises.

Shareholding staff will give priority to setting up scientific research personnel, managers and business leaders who have direct or significant influence on the company's business performance and sustainable development.

Reporters also learned that at present, Chongqing SASAC is also actively developing state-owned enterprises.

The implementation of the pilot scheme will guide enterprises to actively promote reform based on the demarcation of 7 pilot enterprises.

The pilot work of ESOP in Beijing will focus on new energy, life services, cultural and creative industries and other fields.

At present, Beijing has preliminarily delineated 6 pilot enterprises, such as Beiqi new energy, Qingfeng baozi shop, Zhengda Kun Shun, etc., all of which are competitive enterprises.

A local state-owned enterprise admits that the reform of employee stock ownership is to establish a long-term incentive and restraint mechanism with revenue sharing and risk sharing, to maintain the stability of the core talent team, optimize the ownership structure and improve the corporate governance mechanism.

Compared with other forms of incentives, the mode of employee stock ownership can more effectively combine state capital with human capital and creative labor, while giving full play to the role of state-owned capital and stimulating the creative labor of human resources.

At the same time, changing the characteristics of the state-owned enterprises in the past "big pot" and "seniority", and launching the employee stock ownership plan for key positions and excellent talents will also help to optimize the income distribution system and effectively supervise the standardized operation of enterprises.

It should not be overlooked that although the pilot of employee stock ownership in the mixed reform of state-owned enterprises is accelerating, there are still many uncertainties.

Reporters learned that, for example, in the proportion of shareholding, quite a number of state-owned enterprises are cautious, controlling the proportion of employee stock ownership to less than 10%, which hardly inspires the enthusiasm of the general staff and forms interest communities with enterprises.

In addition, the stock ownership plan of most state-owned enterprises relies solely on private placement, and the structure is relatively simple.

Not only that, many of the state-owned enterprises have been identified as "backbone employees" in the scope of their participation in the pilot projects, but what are the key employees are not clearly defined at present.

In response, many experts said that with the deepening of the reform of the mixed ownership system, the reform of employee stock ownership in China has entered a critical period.

There has been a detour in the reform of employee stock ownership, which also puts forward higher requirements for the next reform.

First of all, we should establish a sound exit mechanism, a relatively pparent publicity system, and strong supervision and restraint to prevent the loss of state assets.

At the same time, employee stock ownership needs to pay attention to the bottom line, can not engage in universal shareholding, employee stock ownership should set up a negative list, clear what can be done what can not be done, such as incremental priority, technology enterprises priority, different types of enterprises, the proportion of employee stock ownership also need to be divided.

In addition, shareholding should also be procedural and open.

In the source of stock, large shareholders can pform part of the excess profits of enterprises.

Provide incentives for employees.

At the same time, ESOP should choose the right window period to form "capital owners and workers interest community" instead of guiding employees to "stock speculation".

More interesting reports, please pay attention.

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