Reform of state owned enterprises "addition and subtraction method"

[straight news network Beijing on July 18 hearing (Securities Daily) host Zuo Yonggang: from 2013 "strong", "excellent" by 2015 since stronger and bigger, central enterprises through the integration of restructuring to do do strong bigger and better direction more clearly. Recently, the central enterprises integration is accelerating, the year is expected to set off a wave of new round of integration. At the same time, the second half of the state owned assets supervision and Administration Commission this year continue to further promote supply side structural reform as the main line, to promote solid central enterprises to promote fitness and health, quality and efficiency, such as the work of reform and development.

SASAC announced the pilot state-owned capital operating companies and state-owned capital operating company pilot, is conducive to promoting the overall listing of state-owned capital, mergers and acquisitions, adjust the layout

From 2013 to do strong to do the best to do since 2015, stronger and bigger, the central enterprises through the reorganization and integration to do better and bigger direction more clear. Reporters from the state owned assets supervision and Administration Commission was informed that, after being submitted to and approved by the State Council, China Textile Group company incorporated in the overall COFCO Group Co., Ltd., become its wholly-owned subsidiary. China Textile Group is no longer as the direct supervision of SASAC enterprise. So far, the SASAC direct supervision of the number of enterprises to return to 105.

In July 14th this year, the SASAC revealed that the current supply side structural reforms to accelerate, the pace of restructuring the group continued to accelerate. At present, five groups of 10 central enterprises restructuring is actively promoting and the work of several groups of restructuring is brewing, central enterprises, the number of years is expected to be integrated into 100 homes and SOE reform in full swing.

According to the reporter, the recent integration of central enterprises can be described as a leap forward. On June 2, China Minmetals Group and China Metallurgical Group held a reorganization of the general assembly, two central enterprises reorganization implemented; June 26, Baoshan Iron and Steel Group and Wuhan Iron and steel group proposed restructuring plan; June 29, to release details of the overseas and China CITIC Real estate business mergers and acquisitions; July 11, China International Travel Service Group as a whole incorporated into China CTS group.

GF Securities believes that since entering since June, a series of policies and events to promote more than expected, which also makes the market for the reform of state-owned enterprises have been expected to continue to decline in the expected. SOE reform in recent moves frequently, to promote the market is expected to significantly improve the margin. Follow up in a number of special reform program is expected to catalyze the market, the market is expected to lower the reform of state-owned enterprises is expected to further repair, is expected in the second half of the state-owned enterprises reform as the theme of the wind will continue to blow.

China Merchants Securities analyst Xiong Xiaoyun said that in the reform of state-owned enterprises in the theme of investment, asset injection and mergers and acquisitions is one of the most important investment logic. July 14, the SASAC announced pilot of state-owned capital operating company with state-owned capital investment company pilot operations, is conducive to promoting its state-owned capital overall listed, merger and reorganization, readjustment of the layout and related to the company's subsequent mixed ownership, salary and hiring market role in promoting. 3

(original title: central enterprises consolidation gradually reduced to 100 years or within)

Editor: Xiao Shen

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