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Original title: The Permanent National Committee to Support the Reform and Development of State-Owned Companies and Private Companies clarified these two main directions
Prime Minister Li Keqiang chaired an executive meeting of the State Council on September 17, demanding support for the reform and development of state and private enterprises in accordance with the “unwavering two.” The meeting clarified two key directions: first, we must continue to promote the quality and efficiency improvement of state-owned enterprises, enhance core competitiveness, enhance development potential, and better play a supporting role in the national economy. Second, we must continue to create a level playing field for the development of private companies and promote the expansion of employment.
Liu Xingguo, a researcher at the Research Department of the China Business Confederation, told the CBN reporter that the central government attaches great importance and supports the development and growth of private enterprises and is committed to creating a good situation of coordinated development and cooperation. of mutual benefit between the private economy and the state economy. The private economy plays an important role in the implementation of the “six guarantees” and the “six stability”.
Solidly advance the action of three years of state business reform
Regarding the reform of state companies, the meeting indicated that the three-year action for the reform of state companies will be solidly promoted. This year, the company will basically complete the separation of corporate social functions, focusing on deepening the reform of mixed ownership, promoting the construction of modern business systems and improving the market-oriented operating mechanism. Support basic research and original innovation, strengthen key technological research, and further promote “double innovation”. Accelerate non-primary business divestment and focus on strengthening primary business.
The Commission for the Administration and Supervision of State-Owned Assets previously stated that the three-year action plan for the reform of state-owned enterprises has clarified the timetable and roadmap for the key tasks of the enterprise reform. state-owned over the next three years, and has proposed clear tasks and measures, and strives to be quantifiable and assessable. The specific content of the plan has not only been the subject of much research and investigation, but also specific measures to focus on key points, make up for shortcomings, and for strengths and weaknesses formulated on the basis of previous reform work.
Zhu Boshan, general manager of Shanghai Tianqiang Consulting and Management Company, said that by the effect of this round of state enterprise reform, it can be said that the “achievements” are obvious, but there is still room for optimization. It is expected that with the promulgation of the three-year action plan, various measures related to the reform of state-owned assets and state-owned enterprises can be further unified, and the imbalance and inadequacy of implementation will also be improved. of some renovations, especially for renovations in some important areas. Concentrate efforts to overcome difficulties.
The mixed ownership reform is an important advance in the reform of SOEs. According to industry analysis, as the mixed reform policy system becomes more and more perfect, the idea of ”promoting reform through mixed use” has gradually become clearer, and the mixed reform will usher in a breakthrough during the “XIV Five-Year Plan” period. Among them, mixed reforms in key areas such as electricity grids, railways and telecommunications are expected to be developed in depth. The rail transport business will explore market diversification and moderate competition. Private companies are expected to participate in basic telecommunications operating companies.
Currently, mixed reforms are in full swing from central companies to local state companies. On August 29, Greenland Group successfully transferred 66% of the capital stock of Guangxi Construction Engineering Group, marking that Guangxi Construction Engineering Group became the first state-owned company directly dependent on the autonomous region to implement a mixed reform at the regional level. group. On August 31, the signing ceremony of Guangdong Guangyan Group’s capital increase and share expansion project was held at the Southern United Property Rights Exchange Center, marking the implementation of the first mixed reform to Guangdong provincial-owned enterprise group level.
In addition, Heilongjiang, Shanxi and other places have recently held state enterprise mixed reform project promotion conferences to actively promote the implementation of provincial enterprise mixed reform.
Liu Xingguo told a China Business News reporter that the key directions of state business reform in the second half of the year are to continue deepening mixed-ownership reform, including expanding the coverage of mixed-ownership reforms in industries and companies, and exploring the implementation of mixed reforms at the central business group level, and Promote mixed reform with the integration of “mixed reform + comprehensive reform”; second, continue to promote market-oriented reforms and promote state enterprises to establish and improve market-oriented operational mechanisms, market-oriented employment and employment mechanisms, and market-oriented incentive and moderation mechanisms; third, continue to improve state-owned assets Regulatory models, and explore new regulatory models suitable for mixed reform companies; fourth, continue to do a good job in structural adjustment and optimization of resources, and do a good job in merging and reorganizing companies in key areas, including strong strategic alliances and professional integration.
Continue to relax market access
The meeting made it clear that it will create a more level playing field for the development of private companies and promote the expansion of employment. Continue to relax market access, accelerate divestment of competitive businesses, such as equipment manufacturing by network companies, and promote fair opening of oil and gas infrastructure to multi-owner businesses.
Liu Xingguo said that the private economy has a greater capacity to absorb labor, can create more jobs, provide more job opportunities, and thus make outstanding contributions to stabilize employment and protect people’s livelihoods. . Private investment is an important part of the total investment of the whole society. Only by ensuring the constant growth of private investment can we better achieve the objective of stabilizing investment, securing market players and guaranteeing the stability of the industrial chain supply chain.
The meeting also mentioned the support to private companies to participate in the construction of important railway projects and the development and operation of passenger and cargo yards. Liu Xingguo said that the field of transportation infrastructure is one of the key areas that has opened access to the private capital market in recent years, and it is also one of the key areas that should continue to make up for shortcomings. The flexible and efficient advantages of private companies can be used to improve project management and improve project income.
In July this year, 12 departments, including the National Development and Reform Commission, recently issued “Implementation Opinions on Supporting Private Companies to Participate in the Construction and Development of Transportation Infrastructure.”
Previous rulings indicated that it is necessary to build a mechanism for private companies to participate in a reasonable return and give full play to the role of private companies. Regarding the participation of private companies in the construction and operation of transportation infrastructure, they must establish reasonable qualifications and must not establish restrictive thresholds in any way.
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