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Shanghai plans to make a big move: to create a model of state-owned assets reform and a reform of state-owned enterprises

March 15, 2019 06:59
Author: Song Weiping Zhao Yihui

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Summary
[Shanghai plans to make a big move: to create a model for reform of state-owned assets and a reform of state-owned enterprises] The reform of state-owned enterprises in Shanghai has reached a new threshold. On March 14, 2019, Shanghai State-owned State-owned Enterprises Working Conference was held. The meeting demanded that Shanghai state-owned state-owned enterprises should firmly grasp the opportunity of comprehensive reform, accelerate the reform and opening up, and make every effort to build a demonstration zone for Shanghai's state-owned assets reform and a group of state-owned enterprise reforms. (Shanghai Securities News)

The reform of state-owned enterprises in Shanghai has reached a new threshold.

On March 14, 2019, Shanghai State-owned State-owned Enterprises Working Conference was held. The meeting demanded that Shanghai state-owned state-owned enterprises should firmly grasp the opportunity of comprehensive reform, accelerate the reform and opening up, and make every effort to build a demonstration zone for Shanghai's state-owned assets reform and a group of state-owned enterprise reforms.

From six aspects, the meeting clarified the reform and development of the state-owned enterprises in Shanghai in 2019 and the party building work: focus on ensuring major tasks, obey the overall situation of service reform and development; focus on ensuring steady progress, improve the quality and efficiency of the state-owned economy; Reform demonstration areas and leading soldiers; focus on improving state-owned assets supervision and improve the ability and level of service enterprises; focus on strengthening party leadership, leading high-quality development with high-quality party building; focusing on fulfilling social responsibilities and achieving coordinated development of economic and social benefits.

Shanghai's 2019 government work report proposes that this year will adhere to the reform of state-owned enterprise management to drive the reform and development of state-owned enterprises, promote the comprehensive reform of state-owned assets and state-owned enterprises, and continue to stimulate the vitality of state-owned state-owned enterprises.

Promoting the comprehensive reform of state-owned assets and state-owned enterprises, Shanghai is planning a big deal. One of the major initiatives is to develop a pilot program for the comprehensive reform of regional state-owned enterprises.

Xiao Wengao, deputy secretary of the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission, said in public that Shanghai Research has formulated a comprehensive national-enterprise state-enterprise comprehensive reform pilot program to bring into comprehensive reform integration, linkage, and radiation effects. Seven companies including Shanghai Electric Environmental Protection Group have carried out comprehensive reforms of “Double Hundred Enterprises”, and intend to build a group of reform leaders with perfect governance structure and flexible operating mechanism.

"This regional state-owned enterprise-enterprise comprehensive reform pilot program is not only done in Shanghai, but also in cities such as Shenzhen and Shenyang." A person familiar with the matter told the Shanghai Securities Journal that at present, the Shanghai plan has been completed and only approved. . This document will guide Shanghai's state-owned enterprise reform in the next three to five years.

A participant told reporters yesterday that the establishment of the Shanghai State-owned Assets Reform Demonstration Zone will be one of the highlights of the above-mentioned plan. Other reforms will basically focus on the construction of Shanghai's new three major tasks, the “four major brands” and the “five centers”.

"The highlight of the new program is to reform the state-owned capital authorization management system, promote the reform of state-owned mixed ownership, promote the overall listing of enterprises, and expand the pilot program of employee ownership." The participants said.

Among them, Shanghai International Group and Shanghai Guosheng Group, as the two major state-owned operating platforms of Shanghai, will become the new round of state-owned enterprise reform in Shanghai, the engine of high-quality development of Shanghai's state-owned economy, and the promotion of Shanghai's energy level and core competitiveness. Pusher. State capitalfundIt will be an important force.

It is reported that the Shanghai State-owned Enterprise Reform and Development Equity Investment Fund (hereinafter referred to as “Shanghai State-owned Enterprise Reform Fund”), which was established in December 2017, has a total scale of RMB 50 billion. Its partners include Guosheng Group, International Group, City Investment Group, Urban Construction Group and Electric Group. Large state-owned enterprise groups and private enterprises such as Guangming Group, Changjiang United Group and Ningbo Youke. The state-owned enterprise reform fund is based in Shanghai, serves the Yangtze River Delta, cooperates with central enterprises, looks at the whole country, adheres to the orientation of marketization, specialization, and internationalization, and serves the reform of state-owned assets and state-owned enterprises as its mission, and deeply implements the entire operation of the value-added chain of state-owned assets.

Zhou Daohong, head of the Shanghai State-owned Enterprise Reform Fund and general manager of Shanghai Guosheng Capital Management Co., Ltd., told the Shanghai Securities Journal that Shanghai’s state-owned assets are of high quality and state-owned enterprise management standards. Through in-depth exploration of mixed ownership reform and state-owned enterprise capitalization reform, it is expected to form mixed ownership. The new ecology of economic integration and development will stimulate the overall vitality of Shanghai's economy, and will lead and lead other social capitals to play the main role of enterprises and markets in the process of implementing the “three major tasks and one platform” strategic tasks in Shanghai. The Shanghai State-owned Enterprise Reform Fund hopes to play the role of capital ties, market-oriented, through fund-based operations, to help Shanghai's state-owned assets reform demonstration zone, and to fully serve the reform of state-owned enterprises.

At the same time, enterprises are actively preparing for the new round of state-owned state-owned enterprise reform. Yang Guoping, chairman of the public public, told reporters that there are more than 50 public utility companies listed in the country. Many gas, municipal, and sewage treatment companies have achieved securitization, but many have not. There will be many opportunities for this mixed reform. The company will pay close attention to the opportunities for state-owned SOE reform in the public affairs and transportation industries and actively participate.

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(Article source: Shanghai Securities News)

                (Editor: DF407)

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