The Office of the Leading Group for Reform of State-owned Enterprises under the State Council —
Positive progress was made in the trials of comprehensive reform of state-owned assets and SOEs at regional levels
On March 30, the Office of the State-owned Enterprise Reform Leading Group of the State Council held a media briefing to report on the regional trials of comprehensive reform of state-owned assets and SOEs.
Up to now, seven regions in two batches have been selected for the regional comprehensive reform trials of state-owned assets and SOEs. The first batch of comprehensive reform tests has made positive progress and achieved significant results, while the second batch of comprehensive reform tests started with high quality. In light of the actual situation, the pilot zones strive to form different types and distinctive regional models for the reform and development of state-owned assets and SOEs, which can explore experience and blaze a new path for the reform of the whole country.
Two batches of a total of seven selected test area
Conducting regional trials of comprehensive reform of state-owned assets and SOEs is both a major special project for SOE reform and an important reform task in the three-year campaign.
In July 2019, the Leading Group for the Reform of State-owned Enterprises under the State Council decided to designate Shanghai and Shenzhen as the first batch of pilot zones for comprehensive reform, and Shenyang was selected to carry out the reform in key areas and key links of state-owned assets and SOEs.
In December 2020, it decided to list Hangzhou, Wuhan, Xi ‘an and Qingdao as the second batch of pilot zones for comprehensive reform. At the same time, in order to strengthen the support for the reform of state-owned assets and SOEs in Northeast China, the special reform work of Shenyang was promoted to the leadership of Liaoning Provincial Party Committee and provincial government, covering the comprehensive reform experiment of Shenyang and Taiping Bay Cooperative Innovation Zone.
These regions were selected because of their strong state economic foundation, strong willingness to reform, strong atmosphere for reform and innovation, and the mission to serve relevant national and regional development strategies. Their geographical distribution also basically covers the east, west, north and south of China.
“Conducting regional trials of comprehensive reform of state-owned assets and SOEs is an important measure to promote high-quality development centered on the three innovations.” Reform of state-owned enterprises under the State Council leading group office vice director WengJieMing pointed out that through comprehensive ShiCe holdings of state-owned enterprises reform, build the leadership of the party is strong, strong assets supervision vigor fully stimulate, scientific and efficient, the state-owned enterprises to enhance innovation drive, full implementation of the national strategy of “five high” holdings of state-owned enterprises reform, in order to promote the regional high-quality development play a role of state-owned economy strategic support.
It is reported that SOE reform has entered a tough period, and some comprehensive problems cannot be solved through a single reform. On the one hand, conducting regional comprehensive reform experiments will help give full play to the leading role of the reform and improvement of the state-owned assets system and drive the reform of state-owned enterprises within the region. On the other hand, it will help strengthen the coordination and linkage of reform in key basic areas and pool policy synergy.
Significant progress was made in the first batch of comprehensive reform tests
“By promoting the comprehensive reform experiment, Shenzhen’s total state assets, net assets, operating income, total profit, net profit and tax paid will reach six new highs in 2020.” Yu Gang, director of Shenzhen’s State-owned Assets Supervision and Administration Commission, said that compared with before the comprehensive reform test, the total assets of state-owned assets in Shenzhen increased by 31.8 percent, the operating income increased by 59.1 percent, and the total profit increased by 25.8 percent. In 2020, there will also be a new world top 500 enterprise, the overall acquisition of a number of top enterprises, Shenzhen state-owned assets further enhance the influence.
The practice shows that the first batch of comprehensive reform experiments have achieved remarkable results in improving the system, optimizing the structure and stimulating the vitality. At the same time, it also promoted the development of the non-public economy and realized the mutual benefit and common development of the economic sectors under different ownerships.
The first batch of comprehensive reform experiments set a good example in promoting a more mature and finalized state assets supervision system, which mainly focuses on managing capital. Shanghai implements “direct supervision + entrusted supervision + guided supervision”, and the assets, revenues and profits of enterprises under direct supervision all account for more than 90%. It has set up three platform companies, including finance, operation and investment, and initially formed a “1+3+N” state-owned assets regulatory framework. We will carry out classified reform, oversight, and assessment at the same time to make reform more precise. Shenzhen deepened classified authorization and decentralization, innovatively constructed a smart state-owned assets supervision platform, and realized high-efficiency, digitalization and wisdom of state-owned assets supervision.
Through the combination of regulation and regulation, SOEs have become more dynamic and efficient. In two years, Shanghai will promote 10 listed companies to implement equity incentive, and 3 non-listed companies to implement Shanghai’s local “Zhang Jiang Measures” incentive measures. Shenzhen takes the selection and appointment as the key, vigorously promotes market-oriented selection and recruitment of SOE leaders, and breaks the restriction on the selection and management of outstanding entrepreneurs and professional managers. In 2020, for the first time, a foreigner will be selected to serve as the general manager of a directly managed enterprise in Shenzhen.
The first batch of comprehensive reform tests also gave a strong boost to the restructuring of the state-owned economy and the optimal allocation of state capital. Centering on the integration of the Yangtze River Delta, Shanghai’s new investment is focused on strategic emerging industries, advanced manufacturing, modern service industries, infrastructure and people’s livelihood. Centered on the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the Pilot Demonstration Zone, Shenzhen has basically formed a state-owned capital pattern of “one body and two wings”, with infrastructure and public utilities as the main body and finance and strategic emerging industries as the two wings, based on the city’s state capital service function. Shenyang accelerated the basic solution of the problems left over from history, promoted the reform of the large factory and the socialized management of retirees of state-owned enterprises, and realized the basic elimination of “zombie enterprises”.
We will push for the early implementation of the second batch
The year 2021 is a crucial year for the implementation of the three-year SOE reform campaign. “Pilot zones for comprehensive reform should be pioneers in implementing SOE reform over the three-year period, taking the lead in implementing key reform tasks under the three-year period, and focusing on improving institutions and stimulating vitality for sustained efforts.” Weng Jieming said.
It is reported that the comprehensive reform pilot zone should focus on the “three better combination”, that is, to promote the improvement of the state-owned assets system and enterprise reform and restructuring better combination, adhere to the state-owned assets and state-owned enterprise reform comprehensive policies; We will promote better integration of SOE reform with other measures to comprehensively deepen reform in the region, and achieve coordinated and interconnected reform in basic key areas. We will promote better integration of trials of comprehensive reform with the optimal allocation of regional resources, coordinate state assets regulators at the provincial and municipal levels and SOEs as well as local central government enterprises, and strengthen cooperation between central and local governments.
According to this train of thought, the leading group office will supervise and urge support to the first batch of heddle change test area deepen the implementation of various tasks, make plan guidance to promote the second batch of heddle change test area as soon as possible and start the implementation, in particular to guide to build up liaoning, zhejiang, hubei, shaanxi good “as leading provincial, city as the carrier, provinces and cities linkage, synergy to deepen” leadership coordination mechanism.
Comprehensive reform pilot zones will also seek to deepen the characteristics of the reform. As the second batch of pilot zones for comprehensive reform, Hangzhou, Zhejiang province, will focus on the joint development of state-owned and private enterprises, take advantage of the first-mover advantage of the “digital economy”, improve the information-based regulatory system, and better integrate into the integrated development of the Yangtze River Delta and the construction of the Yangtze River Economic Belt.
Wuhan has made great efforts to deepen the cooperation between central and local governments, strengthen the power of scientific and technological innovation, and give full play to the role of state-owned assets and state-owned enterprises in helping Wuhan build itself into a national central city and recover its economic and social development after the epidemic.
Xi ‘an is exploring to improve the multi-party cooperation system of state-owned assets and state-owned enterprises at the central, provincial and municipal levels, improving the industrial chain and supply chain foundation of state-owned enterprises, and promoting the development of the western region to form a new development pattern.
Qingdao is committed to creating an experimental mode with the construction of state-owned entrepreneurs as the core, and invigorating state-owned enterprises and serving the urban construction and development by stimulating the endogenous motivation of entrepreneurs to work and start their own businesses.
(Zhou Lei, reporter of China Economic Daily)