Sino-Singapore Jingwei Client March 24th. A few days ago, the three enterprise party organizations of China Minmetals Corporation, China Sinochem Corporation and China Construction Group Corporation announced the inspection and improvement exhibition to the society.
China Minmetals: reduce leverage, reduce debt
The China Minmetals Party Group has now passed 198 rectifications to improve the system, with 84 people accountable and responsible for stop losses and losses exceeding 330 million yuan.
We will step up efforts to prevent and resolve major risks, and constantly eliminate potential risks in key areas. Further reduce leverage and reduce liabilities. At the end of 2018, China Minmetals' asset-liability ratio fell below 80%, a decrease of 4 percentage points from the end of 2015, but interest-bearing liabilities and the "two gold" occupation remained at a high level. The Group continued to increase its leverage reduction and debt reduction efforts, optimized the "Leverage Reduction and Liability Reduction Action Plan (2018-2020)", and strived to achieve the goals of reducing the asset-liability ratio to 78.4% and 74% respectively in 2019 and 2020. And strengthened the work from the aspects of strengthening capital concentration, improving operating efficiency, strictly controlling investment, tightly allocating resources, and replenishing equity capital through multiple channels, etc., implemented monthly monitoring, supervision and strengthening of assessment management, which was completed ahead of schedule in August 2019 Annual mission goals.
Source: China Minmetals official website
Sinochem Group: Resolutely curb "relying on enterprises"
As of December 25, 2019, the 322 rectification measures formulated by the Group have been effectively implemented, 143 rectification measures within a time limit have been completed, 42 phase rectification measures and 137 long-term rectification measures have been completed, and 134 items have been sold. The central inspection tour has handed over 75 clues and letters and visits. The group's disciplinary inspection and supervision agencies at all levels handled 19 person-times, of which 10 were disciplinary and political. Among them, 1 was severely warned by the party, 6 were warned by the party. 1 person was punished, 1 person was issued an administrative warning, and 1 person was terminated the labor contract. Commanded Mian to talk 2 times, criticized education 3 times, reminded 1 person to talk, notified 1 person, and dismissed 2 people. As of the end of December, the Group's operating income was 586.3 billion yuan, total profit was 18.68 billion yuan, and net profit was 13.36 billion yuan, a year-on-year increase of 17% and 36%.
Carry out special governance for loss-making enterprises and optimize the reorganization of overseas oil and gas assets. As of the end of December, the management of the loss-making enterprises had achieved effective results. At the end of 2018, the total number of loss-making companies had realized losses, and the number of loss-making households decreased by 53% compared with the end of 2018. Among them, the 18 key loss-making companies concerned by the SASAC have realized a total profit of 1.24 billion yuan, which is a reduction of 2.68 billion yuan compared to 2018. Nine loss-making companies have completed the three-year loss reduction target in advance. Actively promote overseas oil and gas assets to improve quality and efficiency, and take effective measures to increase production, reduce costs, and increase the value of oil and gas assets.
Carry out special governance for business dealings between leading cadres and relatives in business-run enterprises and Sinochem Group, and issue the “Rules for the Management of Spouses, Children and Their Spouses in Key Positions of Sinochem Group in Commercial-run Enterprises,” clarify management requirements, and further regulate the exercise of power over leading cadres. Restriction and supervision. Organize the implementation of centralized rectification of related party transactions and benefits transmission. Focused on the investigation of 288 key personnel of the Group and the cadres at the third and fourth levels managed by the party committee of the business unit, and found that the problems were dealt with seriously. Effectively solve the problems of related party transactions and relying on enterprises to eat and eat, and resolutely curb the phenomenon of using power and position to influence for personal gain. Increase the implementation of job rotation, 7 key positions have a clear rotation plan.
Source: Sinochem Group Website
China State Construction Corporation: focus on tackling corruption in key areas
The first is to rectify project corruption. The Group's two third-level deputies were expelled from the party due to bribery, dismissed labor relations, and were investigated for criminal responsibility by the judicial organs. Revised the "Administrative Measures for the Coordination of Qualification Use and Cross-Business" and the "Administrative Measures for Bidding and Tendering" to plug loopholes at the system level. Improve the informationization level of centralized procurement of bulk materials, establish a system for marking the participation of leading cadres in the recruitment process, and promote the operation of the recruitment process in the sun. Strengthen the management of bad sub-suppliers, and realize that the labor service team is “a place of mistrust and a place of limitation” within the China Construction Group. Promote the construction of the project's integrity culture solidly, and the "super-British integrity culture demonstration site" and other propaganda and education carriers will fully cover newly started projects.
The second is to solve the problems of internal and external collusion and benefits transmission. The leader of a second-level unit violated the rules and profited from a specific person, and was dismissed from the party. The party group of China State Construction Engineering Co., Ltd. instructed the unit to terminate the labor relationship with the unit. The leader of a second-level unit transferred the company's patent in violation of the rules and caused losses to the company. The party group of China State Construction Engineering Corporation gave him a stay of the party for two years, and had instructed the unit to recover all the patent ownership. Revised the Group's "Measures for the Management of Scientific and Technological Achievements" to increase the protection of intellectual property rights. Carry out in-depth investigations on the status of core patents, and urge subsidiaries to establish checklists to reduce the risk of intellectual property loss.
The third is to insist that unit bribery be investigated together with personal corruption. Three leaders of relevant units were expelled from the party for suspected crimes and were held criminally responsible by the judicial authorities. The party group of China State Construction Engineering Co., Ltd. instructed the relevant units to rectify the situation seriously, and set out other examples. The above-mentioned units issued special management measures to regulate and restrict the operation of market institutions, released the integrity risk points of the marketing system and preventive control measures, and organized all marketing personnel to participate in integrity education.
Source: China Construction Group's official website
(Zhongxin Jingwei APP)