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Shanghai State Owned Enterprise Reform Accelerated To 30 To 35 Within 5 Years.

2008/9/17 8:15:00 21

In September 1st, the Standing Committee of the Shanghai Municipal Committee and the municipal government deliberated and adopted the "opinions on further promoting the reform and development of state-owned enterprises in Shanghai" (hereinafter referred to as "a number of opinions"). Relevant departments of Shanghai SASAC, including the SASAC, are studying and formulating supporting policies, implementing rules and work plans.

Then, in September 3rd, the Shanghai Municipal Information Office held a press conference on issues related to several issues. Yang Guoxiong, director of the Shanghai SASAC, said to the China Economic Weekly: "we need to consider the reform of Shanghai's state assets and state owned enterprises in the perspective of the central government's strategic positioning on Shanghai, and put it in the state's thinking and planning for the overall layout of the development of the Yangtze River Delta region."

"Action guide": "two principles, one goal"

"The reform of state-owned assets and the reform of state-owned enterprises are actually two different things. The reform of state-owned assets is institutional reform, focusing on strategic layout, while the reform of state-owned enterprises emphasizes strengthening the core competitiveness of enterprises and highlighting the main business," Yang Guoxiong said.

Judging from the contents disclosed in the current opinions, this is a comprehensive "action guide" which involves both the reform of state assets and the reform of state-owned enterprises, and is considered to have put forward some directional, operational, and phased goals and principles for deepening the reform and development of state owned enterprises in Shanghai.

People familiar with the matter told the China Economic Weekly reporter that in order to make "a number of opinions" more useful and more realistic, this year, the 14 key research of the Shanghai Municipal Committee and the 22 key tasks of the municipal government listed the reform of state assets and state-owned enterprises as an important task.

By the end of 2007, the total amount of state-owned assets in Shanghai was 10222 billion yuan, including 726 billion 400 million yuan in operating assets, 295 billion 800 million yuan in non operation, and 310 billion 400 million yuan in state-owned assets GDP, accounting for 1/4 of the total amount of GDP in Shanghai, and the annual tax payment was about 73 billion yuan.

Then, in the face of such huge state-owned assets, how will the Shanghai SASAC decide to push ahead with the reform?

The reporter understands that in the reform of state owned assets in Shanghai, the formulation of "openness" and "marketization" has been recognized as the two principles of the state owned enterprise reform.

In fact, as early as 2003, when the Shanghai SASAC was set up, it proposed the reform goal of striving to complete the shareholding diversification of Shanghai state owned enterprise group within 3 years.

In 2004, the establishment of Shanghai electric group was the product of this reform.

The "a number of opinions" pointed out that vigorously promoting the "cross regional" and "cross ownership restructuring" of state-owned enterprises in Shanghai, attracting central enterprises, local enterprises and foreign-funded enterprises and private enterprises to participate in the restructuring of state-owned assets and restructuring of state-owned enterprises.

This series of actions is seen by the industry as a continuation of the previous round of "open" and "marketization" of the reform of state assets.

However, in the 2003 round of reform of state-owned assets, the goal of "large conglomerates" seemed to be simply interpreted as "large-scale integration".

As a result, a number of state-owned assets such as Bailian Group and Jinjiang group emerge as the times require.

Since then, many people believe that "big and weak" has become the common fault of these enterprises.

Among them, Bailian Group's "large enterprise group" restructuring was once considered Shanghai's state capital "executive led" overweight, and the emergence of typical cases of unsuccessful.

Although the Bailian Group has become the first carrier in the field of business in the commercial field through restructuring, its annual net asset yield is declining and the fact that internal competition is vicious. The focus of this reform no longer focuses on "big business groups" but on "competitiveness".

Action goal: within five years, it will be reduced to 30 to 35.

In August this year, Liu Xie, deputy director of the Shanghai SASAC, said in a report on the reform strategy and key points of state owned assets in Shanghai state owned enterprises and state owned assets supervision and management, although the reform of state owned enterprises in Shanghai has made a lot of achievements, there are still many problems, such as loose distribution of state assets, low efficiency in asset management, and no prominent business.

For a long time, "the main industry is not outstanding" can not "create competitiveness" has been plagued by the Shanghai SASAC.

In 2003, at the beginning of the establishment of the Shanghai SASAC, the SASAC invested heavily in the supervision of enterprises, and was described as "going up to the atomic bomb, down to the tea eggs, all of which have state-owned assets in Shanghai".

By the end of 2007, the total number of state-owned assets invested by Shanghai SASAC was more than 40, and its total assets amounted to 398 billion yuan, involving 79 industries.

Among them, nearly 11% of the assets are scattered in 59 general competitive industries, such as catering, paper making, wood processing, building decoration, plastic products, textile, clothing, shoes and hats, and some groups are involved in 20~30 industries.

If the implementation of the "opinions" is carried out smoothly, such a situation may be fundamentally changed.

"A number of opinions" pointed out that, according to the requirements of the layout adjustment of state-owned assets and the strategic positioning of enterprises (groups), we should clarify the main business of industrial enterprises (groups) and promote the concentration of advantageous resources to the main industry.

Yang Guoxiong told China Economic Weekly: "(the state owned enterprise reform) the general idea is that according to the layout of urban functions, the next step is to focus on key areas, important industries and advanced manufacturing industries, and strive to restructure the modern script src=>.