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state-owned enterprise reform will be designated as a priority for mixed reform and restructuring will welcome deep breakthroughs

we will deepen the three-year campaign to reform soes, and strengthen, optimize and expand state capital and soes. deepen the reform of mixed ownership of soes... the government work report of 2021 sent multiple signals, pointing out the priorities and direction for the reform of state-owned assets and soes.


during the two sessions, the heads of relevant ministries and commissions detailed the next reform plan, the "construction drawings" also surfaced, mixed reform, restructuring and other will usher in a deep breakthrough. among them, the new round of state - owned economy layout optimization and structural adjustment, restructuring and integration will be repeated climax. while expanding the scope of mixed-use reform, some state-owned enterprises will also plan the "secondary mixed-use reform". the opening of competitive businesses in key industries and sectors such as power grid and railway will also be accelerated.


to strengthen, optimize and enlarge state-owned capital and state-owned enterprises is the overall goal of the work of state-owned capital and state-owned enterprises during the 14th five-year plan. "at present, 'stronger' and 'better' are more urgent, but also an important basis and premise for further 'bigger'." march 10, the state council state-owned assets supervision and administration commission party secretary, director hao peng wrote an article pointed out. he said that high-quality development should be strengthened by optimizing the layout of development.


the year 2021 will be a crucial and crucial year for the three-year soe reform campaign, and we will ensure that more than 70 percent of the overall tasks are accomplished. hao peng previously stressed that in the optimization of the layout to further force. we will strengthen the layout of forward-looking strategic emerging industries and other areas, step up strategic restructuring and professional integration, and continue to promote the withdrawal of non-main industries, non-competitive "two non-enterprises", and inefficient and ineffective assets "two assets".


zhu changming, head of sunshine times law firm soe mixing reform and employee stock ownership research center, believes that with the optimization of state-owned economic layout and structural adjustment, integration and reorganization will be more and more frequent, and mixed reform will more and more reflect the orientation of serving the structural adjustment and optimization of state-owned assets and soes.


it has been noted that on february 1 this year, china baowu iron and steel group co., ltd. (hereinafter referred to as "china baowu"), which had successively restructured maanshan iron and steel and tisco, announced a joint reorganization with kunming iron and steel.


on the same day 24, dongfang communication, eastcom b shares, chengdu putian cable shares and other listed companies announced that its actual controller or controlling shareholder -- china putian information industry group co., ltd. is planning restructuring matters with china electronic technology group co., ltd.


china baowu has made clear that by the end of 2022, it will have achieved significant results in promoting the optimization of the distribution and structural adjustment of the state-owned economy. including, vigorously promote the merger and reorganization, achieve a high market share new breakthrough, the formation of "over 100 million tons of baowu" scale leading effect. as a pilot enterprise of state-owned capital investment companies, china minmetals corporation limited (hereinafter referred to as "china minmetals") will implement the restructuring and integration strategic action in 2021. "we will actively plan market-based operations, actively promote external mergers and acquisitions, and strive to achieve new breakthroughs in acquiring large projects. at the same time, grasp the opportunity, make good use of policies, actively strive for and promote the reorganization and integration of state-owned enterprises and local state-owned assets." "said tang fuping, chairman of minmetals and a member of the cppcc national committee.


national development investment group co., ltd. (hereinafter referred to as "investment"), party secretary, chairman of the board of directors bai tao revealed that the company will seize the new era of the opportunity of optimization and structure adjustment of state-owned economy, business integration, and actively participate in state homogeneity, as well as the advantage business, inefficient state noncore invalid asset disposal, such as taking a stake in the project management work.


deepening the reform of mixed ownership will also be an important breakthrough for soe reform this year. "we will actively yet prudently carry out the mixed-ownership reform of soes, and carry out the mixed-ownership reform of more than 200 soes in four batches that have already been decided. we need to create a number of new model enterprises and typical cases. we need to summarize practical experience in the reform and formulate guidelines on deepening the reform." zhao chenxin said.


it is understood that by the end of 2020, among the 444 enterprises in the scope of the consolidated statement of sdic, according to the penetration caliber, there are 316 mixed ownership enterprises, mainly concentrated in the third-level and below enterprises, accounting for 74% of the number of households and 72% of the total assets. bai tao said that in 2021, on the basis of a comprehensive review and assessment, "one enterprise one policy" to promote the sdic biological, electronic engineering and other subsidiaries and investment enterprises to carry out mixed ownership reform, in the mix of capital at the same time to promote the reform mechanism, to mix to promote reform, to promote development.


china minmetals will also be mixed into a "breakthrough" to promote the transformation of management mechanism. on the basis of comprehensive research and evaluation, we will guide qualified enterprises to formulate plans for "one enterprise, one policy", introduce active shareholders with high matching degree, high sense of identity and high synergy, and promote each mature enterprise. for the "stock" mixed reform enterprises whose corporate governance system and market-oriented incentives are still imperfect, the "secondary mixed reform" will be actively studied and planned. for mixed-ownership enterprises with sound corporate governance and relatively controlled shares, more market-oriented and differentiated management and control will be implemented. we will steadily carry out the shareholding of key employees in mixed-use enterprises, and promote all mature enterprises.


it is worth noting that the opening up of competitive businesses in key industries and sectors such as power grid and railway will also be accelerated. zhao said that in 2021, we will focus on deepening reform in key industries. it includes the implementation of reform plans for competitive business of equipment manufacturing, design and construction of power grid enterprises. we will promote fair opening of the national pipeline network to market players. we will deepen market-oriented reform of railways and promote proper competition among market players in railway transport business.


at the meeting of state grid's 2021 working committee for deepening reform on march 9, xin baoan, chairman of the company and secretary of the party leadership group, stressed the need to deepen the reform of mixed ownership. adhere to the appropriate mix is mixed, seek improvement in stability, better integration of element resources. we worked hard to implement the tasks of reform in equipment manufacturing and other industries.


lu dongfu, chairman of china railway group and a deputy to the national people's congress, also said that more attention will be paid to the shareholding operation of high-quality assets and new steps will be taken in the reform of mixed ownership of railways. in particular, we will implement the deployment of the state to promote the marketization reform of the competitive links in the railway industry, accelerate the construction of a unified, open and fair competition marketization settlement system in the railway industry, and provide a fair market environment for all types of railway market operators.


source: state-owned assets and administration commission of the state council


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