As an important part of the three-year action for the reform of state-owned enterprises, the comprehensive completion of the corporate reform of state-owned enterprises is being accelerated.
The State-owned Assets Supervision and Administration Commission of the State-owned Assets Supervision and Administration Commission held a media briefing on the reform of state-owned enterprises on November 27. It was revealed that the 68 group companies that need to be restructured under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council have all completed the restructuring at the end of 2017. Subsidiaries of central enterprises have completed their restructuring.
At the same time, local SASACs, referring to the relevant practices of central enterprises, have promoted positive progress in the corporate reform of the enterprises they supervise. About 96% of the first-level enterprises supervised by the provincial SASAC have completed the corporate reform.
Weng Jieming, deputy director of the State-owned Enterprise Reform Leading Group Office of the State Council and deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said in response to a question from a reporter from China Business News that from the current situation, the remaining state-owned enterprises in the country are mainly concentrated in enterprises managed by relevant state agencies and institutions. , Enterprises managed by local party and government agencies and public institutions, and a small number of enterprises supervised by the local SASAC.
"These companies are large in number and involve many management entities, and some are also facing difficulties such as historical creditor's rights and debt disputes. The situation is complicated and the task of completing reforms is arduous." said Weng Jieming.
Weng Jieming introduced that in order to fight the "final" battle of the corporate reform and break the "last fortress", at the end of September, the State-owned Enterprise Reform Leading Group Office of the State Council reported to the people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government as well as relevant departments and institutions. A special notice on the comprehensive completion of the company system reform was formally issued, clearly putting forward five work requirements including earnestly implementing the main responsibilities, formulating work plans, promoting reforms in accordance with corporate conditions, strengthening policy guidance and support, and accelerating internal reforms.
Promoting the reform of the company system is to restructure a state-owned enterprise registered in accordance with the "National Ownership Industrial Enterprise Law" into a limited liability company or a joint stock limited company registered in accordance with the "Company Law", and improve corporate governance in accordance with the requirements of a modern enterprise system with Chinese characteristics. Establish a market-oriented operating mechanism.
Weng Jieming said that the comprehensive completion of the corporate reform of state-owned enterprises will help fundamentally solve the outstanding problems faced by enterprises owned by the whole people, create a real market entity, improve the corporate governance structure, and improve the market-oriented operating mechanism.
The reform of the company system has clarified that the government assumes limited responsibilities, and the state-owned regulatory agency shall perform the responsibilities of investor in the enterprise according to the investment relationship, and realize the separation of government and enterprise.
The State-owned Assets Supervision and Administration Commission of the State Council accelerates the transformation of functions by focusing on managing capital, increases the degree of delegation of power, and gives enterprises more autonomy in production, operation and management.
For example, the "List of Powers and Responsibilities (Trial)" was revised and improved, and the list items were reduced from 36 to 32.
Formulated and issued the "List of Authorization and Delegation by the State-owned Assets Supervision and Administration Commission of the State Council", clarifying 35 items of authorization and delegation, and carrying out authorization and delegation for different types of enterprises.
After the state-owned enterprises completed the corporate reform, the construction of a modern enterprise system with Chinese characteristics continued to deepen.
At present, with the exception of two public institutions, all 95 central enterprises have established boards of directors, of which 82 are outside directors.
Promote the integration of party leadership into corporate governance, institutionalization, standardization and proceduralization.
Improve the "three important and one big" decision-making system, and effectively give play to the leadership role of the party committee (party group).
At the central enterprise group level, the leadership system of "two-way entry and cross-serving" is implemented to realize the "one shoulder" of the party committee (party group) secretary and chairman.
Weng Jieming said that taking the corporate system reform as an opportunity to further deepen the market-oriented reform, effectively promote the continuous improvement of the incentive and restraint mechanism, the continuous improvement of the market-oriented operation level, and the obvious improvement of the vitality and efficiency of the enterprise.
Continue to deepen the reform of the three systems of labor, personnel, and distribution, actively promote the tenure of managers and contract management, accelerate the implementation of the professional manager system, and continue to deepen the reform of the remuneration system for corporate leaders.
At present, the 621 sub-enterprises of the central SOEs have selected nearly 5,000 professional managers, and 119 holding listed companies have implemented equity incentives. The number of group headquarters departments has been reduced by more than 17% on average, and the staffing has been reduced by 20% on average.
Weng Jieming said that the completion of the reform of the state-owned enterprises' corporate system has laid an important foundation for in-depth reforms such as equity diversification.
The number of mixed-ownership enterprises in the sub-enterprises of central enterprises accounted for more than 70%. This has effectively promoted various ownership capitals to complement each other, promote each other and develop together, effectively promote enterprises to accelerate the transformation of operating mechanisms, and improve state-owned capital allocation and operational efficiency.
Since the completion of the central enterprise corporate system reform, the scale and strength have been significantly enhanced, and the quality and efficiency have continued to improve.
Statistics show that at the end of 2019, the total assets of central enterprises were 63.4 trillion yuan, an increase of 16.12% over 2017; the actual tax payment was 2.1 trillion yuan, accounting for 13.29% of the national tax revenue, an increase of 6.44% over 2017.
In 2019, the total operating income was 31.0 trillion yuan, an increase of 17.26% over 2017; the net profit was 1.4 trillion yuan, an increase of 32.32% over 2017.
Author: sweet wish