The hottest market-oriented reform of state-owned

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Facing the market, press the fast forward key in the reform of state-owned enterprises such as electricity and natural gas Abstract: practice has proved that mixed ownership plays a positive role in condensing the community of interests and mobilizing the initiative of managers and researchers

"form a market-oriented operation mechanism", "complete the reform of the corporate system", "deepen the reform of mixed ownership" and "open competitive business"... In this year's government work report, these keywords that cut the pulse of the reform of Chinese enterprises all release a strong signal to accelerate the reform guided by "marketization"

at present, the corporate restructuring of subsidiaries at all levels of central enterprises has exceeded 92%, the number of mixed ownership enterprises accounts for 68%, the number of central enterprises building a standardized board of directors has reached 85, and the total number of central enterprises has been reduced to 102

at present, the reform plan of state-owned enterprises has been unfolded, and state-owned enterprises are starting to "climb over the ridge" with the reform trend of "nailing nails" and marketization as the engine

mixed ownership becomes the key to activate the reform chess. The prospect of recycling low-density plastic film is the key to optimism.

in the big chess game of enterprise reform in China to avoid the loss of experimental data caused by accidents, mixed ownership reform becomes the key to activate the whole chess game

this year's government work report emphasized that we should deepen the reform of mixed ownership and take substantive steps in the fields of power, oil, natural gas, railway, civil aviation, telecommunications, military industry and so on, and specifically put forward: "we should pay close attention to the reform of power and oil and natural gas systems and open up competitive industries." Xiao Yaqing, director of the state owned assets supervision and Administration Commission of the State Council, said at the fifth session of the 12th National People's Congress on March 9 that the 2017 mixed ownership reform is still one of the important measures for the reform of state-owned enterprises, and the breakthrough should be further expanded

the reason why mixed ownership reform has attracted much attention is that it can better clarify the property right relationship of enterprises, improve the incentive system, and stimulate the vitality of state-owned enterprises

since October 2016, central enterprises such as China Eastern Airlines Group, China Unicom Group, China Southern Power, Harbin Electric Power Group, China Nuclear Power Construction Corporation, and China Shipbuilding Corporation have been included in the first batch of mixed reform pilot list. This year, China Railway Corporation and China ordnance industry group have also successively issued mixed ownership reform plans

at the end of last year, Hangzhou Shaoxing Taiwan high-speed railway, the country's first privately held railway, was started in Zhejiang. The private consortium led by Fosun Group and participated by Geely holdings, Wanfeng Aote holdings and other private consortia accounted for 51% of the shares, which is of unusual significance

China Steel Research Technology Group, which is restructured from an old state-owned enterprise, has also made innovative attempts in the reform of mixed ownership. In 2015, China Steel Research Institute established Dekai company, a mixed ownership enterprise. Dekai team applied the "superalloy" technology of Gaona company of Steel Research Institute to "light alloys" such as aluminum alloy and titanium alloy, opening up a new field. "With the design of mixed ownership and the introduction of entrepreneurial enterprise mechanism, those guys are working almost day and night." Cai rang, member of the CPPCC National Committee and chairman of China Steel Research Institute, said. Dekai company achieved profits when it was established, and now it still maintains an annual growth of 20% to 30%

cairang told that practice has proved that mixed ownership plays a positive role in condensing the community of interests and mobilizing the initiative of managers and researchers

in order to reflect the incentive effect, at the end of 2015, China Steel Research Institute established Aetna technology Tianlong tungsten molybdenum company, through the wholly-owned acquisition of an elastospray? Ch polyurethane sprayed thermal insulation materials and neopor for exterior walls? Private enterprises of thermal insulation board try to "employee stock ownership"

in the shares of Antai Tianlong, more than 100 employees hold shares of 150million yuan jointly invested. "With the same shares and the same price, no one will suffer losses, no loss of state-owned assets, no loss of individuals. These more than 100 people invested with real money, realizing mixed ownership." The requirement of cairang is not to violate the basic bottom line as a central enterprise, and not to violate the rules of listed companies. In addition, it should be done in accordance with the market logic

On March 9, at the second plenary session of the fifth session of the 12th CPPCC National Committee, fuchengyu, the former chairman of Sinopec and a member of the CPPCC National Committee, admitted that the vast majority of state-owned enterprises have not started their internal reforms, especially the market-oriented reform, which allows the market to play a decisive role in resource allocation. He suggested further breakthroughs in the reform of mixed ownership

On March 10, Xiao Yaqing, director of the state owned assets supervision and Administration Commission, stressed at the two sessions that not all state-owned enterprises and central enterprises should engage in mixed ownership: if it is appropriate to mix, it is appropriate to be alone, if it is appropriate to control, it is also possible to participate in shares, and state-owned enterprises do not necessarily hold shares

at the national two sessions this year, many private entrepreneurs expressed more expectations for the reform of mixed ownership of state-owned enterprises. Wang Yong, a deputy to the National People's Congress, Secretary of the Party committee of Xiwang village and chairman of Xiwang Group, submitted to the conference the "suggestions on creating a fair competition environment for private enterprises to participate in the reorganization or mixed ownership reform of state-owned enterprises". He hoped that from the aspects of legislative norms, system design, strict procedures and so on, the reorganization or mixed ownership reform of state-owned enterprises would be further standardized, so that public bidding and tendering could be carried out in an open, fair and just manner, based on the principle of the market, Put an end to "favoritism" and "black box operation"

Fu Jun, member of the National Committee of the Chinese people's Political Consultative Conference and chairman and President of the new Hualian Group, said in the proposal: we should further open up competitive areas and effectively improve the market competitiveness of state-owned enterprises. If the reform of mixed ownership does not touch on strategic areas and does not break the monopoly or relative monopoly of state-owned enterprises in the field of single ownership, it will be difficult for the reform of mixed ownership to make a substantive breakthrough

"in the early stage of reform and opening up, state-owned enterprises generally did not adapt to the impact of the market." Zhou Jichang, member of the CPPCC National Committee and former chairman of China Communications Construction Group Co., Ltd., said, "the practice of state-owned enterprise reform in recent years shows that the idea and path of state-owned enterprise reform to determine the dominant position in market competition has become more clear."

As a product of the planned economy era, "state-owned enterprises run society", the all encompassing approach seems too "marketable". Overstaffed institutions, too many levels and redundant personnel are the old problems of state-owned enterprises, which are not conducive to the formation of a "flexible and efficient market-oriented operation mechanism"

in 2004, the SASAC issued a document requiring central enterprises to basically control the management level within three levels. However, an investigation conducted by the National Audit Office in 2013 on 54 central backbone enterprises found that 45 central enterprises have internal levels of more than four, with the most reaching 11

Tang Fuping, deputy to the National People's Congress and chairman of Angang Group, likened solving the problems left over by history to a "numerator", "numerator" is the burden of history, "denominator" is the comprehensive strength of the enterprise, on the one hand, we should reduce the numerator, on the other hand, we should increase the denominator. For Angang, the important measure of "increasing the denominator" is to do a good job in the supply side reform, implement "three deletions, one reduction and one compensation", and dissolve the surplus capacity

relying on reform to slim down and keep fit, state-owned enterprises are taking the lead with light equipment. The reform of talent selection and employment system is closely following the pace of marketization. Liumingzhong, deputy to the National People's Congress and chairman of China first heavy machinery group and Xinxing Jihua Group, two central enterprises, introduced that Xinxing Jihua has adopted market-oriented selection and contractual management after being selected as the reform pilot for the selection and appointment of general managers by the board of directors, in addition to adding the additional classification of smoke toxicity of materials in A2, B and C levels. The general manager who takes office must sign two contracts, one is the labor contract, and the other is the post contract. If you can't achieve the benefit index, you should go down from your post. In China National Heavy Industry Corporation, among the nine leadership candidates selected by the Party committee, three Vice Presidents were selected for public recruitment. "The '2+7' method was adopted, with two internal judges and seven external judges. Through recruitment, the original concept was broken." Liumingzhong said, "how many management cadres have come down? 40%."

Xiao Yaqing, who has been the director of the SASAC for 13 months, has a clear idea of the reform of state-owned enterprises: "the reform of state-owned enterprises will be consistent and adhere to the direction of marketization."

Copyright © 2011 JIN SHI