在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Action plan to revitalize State firms

By ZHONG NAN | CHINA DAILY | Updated: 2020-07-15 07:54
Share
Share - WeChat
Employees of China FAW Group work on the production line of the carmaker in Changchun, Jilin province.[Photo by ZHANG NAN/XINHUA]

Mixed-ownership reform, digitalization and asset securitization will be the main planks of the upcoming three-year action plan for State-owned enterprises (2020-22), as they are powerful tools to adjust the structure of China's State-owned economy, experts said on Tuesday.

They made the remarks after the 14th meeting of the Central Committee for Deepening Overall Reform reviewed and approved the action plan late last month, according to information released by the State-owned Assets Supervision and Administration Commission of the State Council.

The next three years will be crucial for the country's SOE reforms, the meeting said, stressing efforts to optimize the layout and structure of the State-owned economy to make it more competitive, innovative, influential, and more able to withstand risks.

These outlines signify that the layout and structure of the State-owned economy will be adjusted around the goal of building a modern economic system in the future, said Wu Lianggang, a research fellow with the Beijing-based China Enterprise Reform and Development Society.

Wu said that the majority of SOEs will raise their investment in areas such as cloud computing, big data, artificial intelligence, the internet of things, mobile applications, integrated circuits, blockchain and other fields to continuously stay competitive, as digitalization has become a key driver for the Chinese economy.

The digital economy now accounts for more than a third of China's gross domestic product. China's Academy of Information and Communications Technology estimates that the nation's digital economy may reach 60 trillion yuan ($8.4 trillion) by 2025.

Affected by uncertainties such as COVID-19 and the global market's weak goods demand, the recent economic slowdown has led to debates on whether China can continue its high economic growth or if the country is heading toward stagflation. It is obvious that the country is currently facing more challenges than it has been at any other time over the past four decades, said Liang Jun, president of the Guangdong Association of State-owned Capital in Guangzhou.

Therefore the approval of the three-year action plan for SOEs indicates that the country is keen to enrich its economic development mode and further open its market, he said.

The mixed-ownership reform aims to allow shareholders from all backgrounds, including State, private and foreign investors, to invest in SOEs to reach a balanced shareholding structure and board representation. Its goal is to create a flexible and efficient market-oriented mechanism to improve management and profitability of SOEs, said Zhang Chunxiao, a research fellow at the National Academy of Governance.

He said Temasek Holdings, a government-owned entity in Singapore, can be a role model for policymakers in China to optimize its corporate governance mechanism via mixed-ownership reform. The Singaporean firm is guided by an independent board and operates autonomously on commercial principles.

Such a reform mode will facilitate major socioeconomic transformation and drive change in the competitive industrial landscape. Productivity adjustments at many SOEs over a short period of time will have a very positive effect on economic growth and the improvement of the economic environment, said Zhang Tianwei, chief investment officer at China Resources Capital, a subsidiary of China Resources (Holdings) Co Ltd, a Hong Kong-headquartered central SOE.

Central SOEs are large groups within the jurisdiction of the central authorities, while SOEs refer to all enterprises owned by all levels of government.

Through mergers, acquisitions and restructuring, State-owned capital should gravitate more toward emerging industries and advanced manufacturing, as well as other sectors that have a bearing on people's well-being and national security. It would make notable breakthroughs if mixed-ownership reform can be carried out at the group level of central SOEs, said Liu Xingguo, a researcher at the China Enterprise Confederation.

He said the capital market will play a major role in SOE reform as a platform for financing, stock issuance, as well as mergers and acquisitions over the next several years.

Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commission of the State Council, said the government will continue to encourage central SOEs and their subsidiaries with strong technological innovation capabilities and promising market prospects to go public, as well as support capable central SOEs to list on the Hong Kong stock exchange.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩av午夜 | 在线免费看黄色av | 国产在线1区 | 成人免费观看49www在线观看 | 欧美视频三区 | 亚洲一区二区三区在线播放 | 国产精品一区二区三区免费观看 | 精品综合| 夜夜爽99久久国产综合精品女不卡 | 欧美不卡一区二区三区 | 在线观看xxx | 国产精品一区二区日韩新区 | 亚洲国产福利一区 | 中文字字幕一区二区三区四区五区 | 视频在线观看国产 | 欧美久久影视 | 国产精品视频免费 | 国产乱码精品一区二区三区忘忧草 | 成人精品 | 国产精品视频入口 | 国产一级视频免费播放 | 99久久精品国产一区二区成人 | 精品一区二区三区在线观看视频 | 999视频在线免费观看 | 久久久精品 | 国产美女精品人人做人人爽 | 国产精品一区二区在线 | 午夜激情影院 | 日本久久久久久 | 亚洲网站在线播放 | 污污视频网站 | 黄色av网站在线观看 | 99精品不卡 | 天天操天天碰 | 极情综合网 | 欧美性生活免费 | 亚洲精品大片 | 一级特黄aaa大片在线观看 | 久久精品视 | 国产对白刺激真实精品91 | 日韩免费高清视频 |