State-owned enterprises "going out to sea" should not become "dislocated wild horses"
2014-11-10

Recently, Xinhua News Agency broadcasted the speech of Premier Li Keqiang at the Fifth Clean Government Work Conference of the State Council. Among them, Li Keqiang pointed out that “state-owned assets are the common wealth of all people and must take strong measures to strengthen While the vitality of state-owned enterprises is at the same time, the loss of state-owned assets is prevented. In this regard, experts pointed out that in the context of the deepening of state-owned enterprise reform and the speeding up of state-owned enterprises to "go to the sea," the problem of the loss of state-owned assets cannot be ignored, and it is necessary to "double-pronged" and prevent reforms and "going." The loss of state capital in the process of going out.


State-owned enterprise reform continues to deepen


This year, the state-owned enterprise reform will be further advanced. Ji Xiaonan, chairman of the State Council's State-owned key large-scale enterprise supervisory board, said that the current and future period of state-owned enterprise reform is focused on the need to attach great importance to the breakthrough role of mixed ownership reform in the reform of state-owned enterprises. Improving the modern enterprise system is the focus of deepening the reform of state-owned enterprises. Deepening the reform of state-owned enterprises has an important traction role.


Recently, there has been new progress in the reform of state-owned mixed ownership. Recently, China Unicom announced that the parent company Unicom Group is planning and promoting major issues related to the reform of mixed ownership. After the announcement, the market’s enthusiasm for the reform of state-owned enterprises was once again “ignited”.


In addition to the advancement of mixed reforms, there have been many breakthroughs in state-owned enterprise reforms. Experts pointed out that at present, many board of directors of state-owned enterprises have begun to directly select and hire general managers and deputy general managers to promote the improvement of corporate governance structure. This year, the restructuring of central enterprises has been further promoted, and some enterprises have announced plans for strategic restructuring. The total number of central enterprises will be reduced to less than 100 within the year. In addition, the number of state-owned capital investment operating companies has increased to 10 pilots.


Dr. Jin Jinwen, a researcher at the Institute of Economics of the Chinese Academy of Social Sciences, pointed out in an interview with this reporter that it can be seen that this round of state-owned enterprise reform is progressing steadily and has achieved remarkable results in promoting the improvement of quality and efficiency of state-owned enterprises. This will help to promote substantive progress in key areas and key areas as soon as possible.


Strictly prevent the loss of state-owned assets


"It is necessary to point out that in the process of promoting the reform of state-owned assets of state-owned enterprises, on the one hand, we must take more measures to accelerate the reform; on the other hand, we must stabilize our efforts to prevent the loss of state-owned assets." Jin Jinwen said that before we were in state-owned enterprises In the reform of state-owned assets, many of the pains of the loss of state-owned assets have been experienced. The acts of damaging public wealth and embezzling state-owned assets have not only affected the advancement of reform, but also damaged the common wealth of the people and must be guarded against.


Li Keqiang pointed out that it is necessary to strictly guard against malpractices in the restructuring and restructuring of state-owned enterprises. It is necessary to standardize the implementation of the "three majors and one big" decision-making system, give full play to the role of the party organizations in the restructuring and restructuring, strengthen daily management, integrate supervision power, and form a joint force of supervision. It is necessary to combine capital management with supervision of people, strictly implement the operational procedures of restructuring and restructuring, and strictly supervise key links, strictly control the integrity of key departments and key positions, and resolutely prevent the sale of state assets, illegal transactions and Disciplinary violations such as the transfer of interests will never allow state-owned assets to be put into “private pockets”.


In fact, relevant policies and measures are constantly improving in terms of strengthening supervision. A few days ago, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion requesting to deepen the state-owned assets audit and supervision. The opinion emphasizes that the state-owned enterprises, state-owned capital and state-owned enterprise leaders should perform full audit coverage in order to fulfill their economic responsibilities, and leave no dead ends; expose the violation of laws and regulations such as power for personal gains, power transactions, dereliction of duty, corruption and bribery, insider trading, etc.


Strengthening supervision of overseas investment


To prevent the loss of state-owned assets, overseas investment by state-owned enterprises cannot be ignored. Experts pointed out that at present, the pace of "going out to sea" by state-owned enterprises is accelerating and the scale is constantly expanding. At present, there are 9,112 corporate entities in central enterprises that conduct investment operations in about 185 countries and regions. According to the "Blue Book on Foreign Investment and Risk" issued by China Credit Rating and Social Sciences Institute on April 10, China's foreign direct investment has grown rapidly in the past two years. From the perspective of investors, the overseas assets of central enterprises constitute the main body of the "overseas China" stock. .


Li Keqiang pointed out that in recent years, the state of "going out" of state-owned enterprises has become more fierce, but there have also been cases of illegal decision-making and illegal operation, and some even colluded with domestic and foreign investors for private gain and malicious transfer of assets. State-owned assets are not the "Tang Yu meat" that is arbitrarily slaughtered. When state-owned enterprises go abroad, supervision must go out in time and resolutely prevent enterprises from becoming "dislocated wild horses" after going out.


Jin Jinwen said: "It is very important to highlight the prevention of asset loss in overseas investment operations of state-owned enterprises. It is also very important to face the challenges of relatively difficult supervision and high cost after the 'going out' of state-owned enterprises. It is necessary to continuously improve relevant regulatory measures. In investment decision-making, the regulatory authorities should do a good job in auditing and checking; clarify the main body of overseas investment of state-owned enterprises, improve the accountability system; strengthen auditing supervision, and promote the normalization of overseas investment and operation supervision; and at the same time, strengthen party building in overseas institutions."



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