State-owned enterprises are the products of planned economy, which are embodied in the following aspects: (1) life tenure system for cadres and personnel; (2) It is established by the state or local financial allocation; (3) There is no shareholder constraint, only the superior administrative department, which leads to insufficient motivation to pursue economic interests and social benefits.
The so-called restructuring of state-owned enterprises refers to the restructuring of state-owned enterprises into enterprise legal persons, that is, independent directors and supervisors, who operate independently and are responsible for their own profits and losses.
Break through the three major problems in the restructuring of state-owned enterprises
The report of the 16th National Congress of the Communist Party of China pointed out, "We should deepen the reform of state-owned enterprises, further explore various effective forms of public ownership, especially state ownership, and vigorously promote enterprise system, technology and management innovation. Except for a few enterprises that must be wholly owned by the state, we will actively promote the shareholding system and develop a mixed ownership economy. Diversification of investors ... relax the market access of domestic private capital and take measures in investment and financing, taxation, land use and foreign trade to achieve fair competition. Strengthen supervision and management according to law and promote the healthy development of the non-public economy. "
The restructuring of state-owned enterprises is the focus of the CPC Central Committee, the difficulty of current work, and the focus of legal, business and people's attention. Reorganization involves three major issues: asset disposal, equity setting and personnel placement. Enterprise restructuring is an important and urgent task, and it is a complex system engineering with strong policy and complicated legal relationship. Whether the restructuring can be carried out smoothly is directly related to the appreciation of national assets, the development of enterprises themselves and the interests of employees. The reorganization involves a wide range of interests. If it is not handled properly, it may cause social unrest, hinder economic development and affect the image of foreign investment.
The reform of state-owned enterprises is to establish a modern enterprise system. The basic content of modern enterprise system should be a new enterprise system that adapts to the requirements of socialist market economy, is based on a perfect enterprise legal person system, is guaranteed by a limited liability system, takes companies as the main form, and is based on clear property rights, clear rights and responsibilities, separation of government from enterprises and scientific management. The ultimate goal is to solve the problem of enterprise development motivation. To establish such an enterprise system, we need to solve three major problems in the process of restructuring, namely, asset disposal, equity setting and personnel placement. The legal relations involved in these three major issues are complicated and intertwined, and the restructured enterprises cannot complete it independently, which requires the participation of professional intermediaries, such as law firms participating in the whole process and issuing legal opinions. Through a comprehensive and in-depth introduction of intermediary agencies
What does the reform of state-owned enterprises mean in common sense?
Merger of state-owned enterprises,
What is the reform of state-owned enterprises? The reform of state-owned enterprises has four meanings.
There are many understandings of the restructuring of state-owned enterprises: changing the form of enterprises, changing the ownership structure of enterprises and changing the basic system of enterprises.
Changing the enterprise form is to change the enterprise legal form that regulates the organizational relationship and governance structure of enterprise capital. For example, an enterprise stipulated in the Enterprise Law becomes a wholly-owned company stipulated in the Company Law, and a limited liability company becomes a joint-stock company.
Changing the ownership structure of an enterprise means introducing new shareholders or changing the shareholding ratio of the enterprise. Another significance of the change of ownership structure is that shareholders with different rights can be arranged, such as gold shareholders and preferred shareholders. The change of enterprise legal form is sometimes the premise of enterprise equity change.
The broader enterprise reorganization also includes extensive changes in the internal system of enterprises, such as changing the incentive system for operators and the labor wage system. These changes are not necessarily the basic elements of enterprise restructuring in a narrow sense, but they are often the causes or results or conditions of enterprise restructuring, which are closely related to enterprise restructuring and are important issues that must be paid attention to when carrying out enterprise restructuring, especially when the incentive effect is the main goal.
(2) Basic information: main driving factors and current situation.
The reform of state-owned enterprises began in the mid-1980s, but it became the theme of state-owned enterprise reform after 1990s. The factors that promote the reform of state-owned enterprises involve political policies, localities, capital markets and business operators.
The 16th National Congress of the Communist Party of China clearly pointed out that the direction of China's economic system reform is to establish a socialist market economic system. Since then, especially the Third Plenary Session of the 14th CPC Central Committee, the Third Plenary Session of the 15th CPC Central Committee and the Third Plenary Session of the 16th CPC Central Committee, the basic policy of the central government to promote the restructuring of state-owned enterprises has become increasingly clear. The political decision of the central government provides a prerequisite political basis for the relevant parties to introduce relevant policies and for local and enterprises to promote the restructuring of state-owned enterprises. After the 14th National Congress of the Communist Party of China, the policies issued by the relevant state departments gradually clarified the corresponding norms of state-owned enterprise restructuring from the operational level.
Local governments have made rapid progress in restructuring state-owned enterprises. This has two backgrounds: First, after the 1990s, many local state-owned enterprises had difficulties in operating and were unsustainable; Second, local governments hope that enterprises with great potential can achieve faster development with less investment. In order to solve difficulties and develop
What is the reform of state-owned enterprises?
Is to focus on optimizing the merger or privatization of central enterprises,
The concept of state-owned enterprise reform, what does the stock index mean?
Dear, hello, the reform of state-owned enterprises is a conceptual plate, which refers to the influence of some reforms of state-owned enterprises on the operation of some companies and the stock price. You can check the CSI State-owned Enterprise Reform Index to know which stocks have reform expectations.
Please accept it if you are satisfied, thank you!
What does Lao Liang mean by the reform of state-owned enterprises?
The reform of state-owned enterprises can be divided into three stages: initial exploration, system innovation and in-depth promotion. The reform of state-owned enterprises is a "trial and error" process of "crossing the river by feeling the stones", which is the product of the combination of central promotion and local practice. It is essentially the interaction between productive forces and relations of production, which meets the objective needs of building a socialist market economy.
However, there are still many problems in the reform of state-owned enterprises that need to be solved through further reform. In the future, the reform of state-owned enterprises will mainly focus on adjusting the strategic layout, deepening the shareholding system reform, improving the corporate governance structure, improving the state-owned assets management system and the leadership style of state-owned enterprises.
The report of the 18th National Congress of the Communist Party of China pointed out that "it is necessary to unswervingly consolidate and develop the public ownership economy, implement diversified ownership economies, deepen the reform of state-owned enterprises, improve various state-owned assets management systems, and promote more state-owned capital to be invested in important industries and key areas related to national security and the lifeline of the national economy, and constantly enhance the vitality, control and influence of the state-owned economy".
It has been a whole year since the State-owned Assets Supervision and Administration Commission (SASAC) announced on July 5th, 20 14 that six central enterprises have started the "four reforms" pilot. As of July 20 15 and 14, five of the 23 A-share listed companies under the six pilot central enterprises suspended their trading due to planning major events. According to industry insiders, from the current policy and market situation, the overall plan for the reform of state-owned enterprises has matured. It is expected that SASAC will issue a package of state-owned enterprise reform plan documents in the second half of the year, and the reform of state-owned enterprises is expected to be further accelerated in the second half of the year. As a leader in the reform of state-owned enterprises, the reform is worth looking forward to.
On July 17, Xi Zhilian said in Changchun that it was necessary to send a clear message to the whole society: do a good job in the economy, enterprises, state-owned enterprises and the real economy. "This shows that after the capital market is stable, China will seize the opportunity and unveil the curtain of comprehensively deepening the reform of state-owned enterprises."
What does the mixed reform of state-owned enterprises mean?
The purpose of restructuring state-owned enterprises with mixed ownership is to improve market awareness and realize the transformation of state-owned enterprises to adapt to the market.
What does the mixed reform of state-owned enterprises mean?
The State Council issued "Opinions on the Development of Mixed Ownership Economy by State-owned Enterprises" (hereinafter referred to as "Opinions"). The opinion puts forward that classification and stratification should promote the reform of mixed ownership of state-owned enterprises. For commercial state-owned enterprises whose main business is in fully competitive industries and fields, only the preservation and appreciation of state-owned assets is the main goal, and the holding position of state-owned capital is not maintained.
The Opinions encourage all kinds of capital to participate in the reform of mixed ownership of state-owned enterprises, including the orderly absorption of foreign capital. Introduce foreign capital to participate in the reorganization of state-owned enterprises, joint ventures and cooperation, and encourage overseas mergers and acquisitions, investment and financing cooperation, offshore finance, etc. Make full use of international market, technology, talents and other resources and elements, develop a mixed-ownership economy, deeply participate in international competition and global industrial division of labor, and improve global resource allocation capacity.
The opinion puts forward that it is necessary to create a good environment for the reform of mixed ownership of state-owned enterprises, strengthen the protection of property rights, and accelerate the establishment and improvement of laws and regulations. Improve the strict and complete protection system for possession, use, income and disposal of property rights, and protect the property rights and intellectual property rights of various investors in mixed ownership enterprises according to law; Improve the laws and regulations related to the mixed ownership economy, increase the strength of the reform and abolition of laws and regulations, and ensure that the reform is based on the law.
Whether the mixed reform will lead to the loss of state-owned assets has always been the focus of attention from all walks of life. The opinion emphasizes that in the mixed reform, it is necessary to adhere to the law and regulations, further improve the trading rules of state-owned assets, scientifically evaluate the value of state-owned assets, improve the market pricing mechanism, and effectively make the rules, processes and results open. It is necessary to strengthen the supervision of transaction subjects and transaction processes, prevent black-box operation, low-price sale, interest transfer, turning public affairs into private affairs, evading debts, and put an end to the loss of state-owned assets.
The opinions were further clarified, and the mixed reform of state-owned enterprises was promoted at the level of subsidiaries and group companies. In addition to encouraging non-public capital to participate in the mixed reform of state-owned enterprises, the opinion puts forward that collective capital should be supported to participate in the mixed reform of state-owned enterprises and absorb foreign capital in an orderly manner. However, when foreign capital participates, it is necessary to improve the foreign capital safety review mechanism and effectively strengthen risk prevention in accordance with the requirements of expanding opening up and strengthening supervision, and in accordance with the Catalogue for the Guidance of Foreign Investment Industries and relevant safety review regulations.
According to the requirements of the Opinions, the next step will be to combine the reforms in the fields of electric power, oil, natural gas, railways, civil aviation, telecommunications, military industry, etc., carry out pilot demonstrations to liberalize competitive business, and promote the reform of mixed ownership.
The latest information on what mixed reform of state-owned enterprises means.
At present, there are three main ways to promote the reform of mixed ownership: one is to introduce non-state-owned capital to participate in the reform of state-owned enterprises; The second is to introduce non-state-owned capital to participate in the reform of state-owned enterprises, and state-owned capital investment and operation companies make equity investment in non-state-owned enterprises with great development potential and good growth; The third is to explore the implementation of employee stock ownership in mixed ownership enterprises. Employee stock ownership mainly adopts capital increase and share expansion, and new capital contribution. It is understood that enterprises that are expected to be included in the first batch of mixed ownership reform pilots include China Eastern Airlines Group, China Unicom Group, China Southern Power Grid, Harbin Electric Power Group, China Nuclear Construction, CSSC and other central enterprises.
The next step of mixed reform will focus on completing the mixing of state-owned capital with private capital, social capital and foreign capital. The reason why mixed reform is highlighted is mainly because it has a' traction effect' on forming a market-oriented operating mechanism of state-owned enterprises and promoting diversification of property rights, "Li Jin, chief researcher of China Enterprise Research Institute, told the Economic Information Daily.
What does the reform of state-owned enterprise system mean?
The reform of state-owned enterprise system is the reform of establishing modern enterprise system in state-owned enterprises. This content is systematic. Please refer to Baidu Encyclopedia baike.baidu/...d=8075. for details.