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 / SOE

Reforms among SOEs a priority during 14th Five-Year Plan

By ZHONG NAN | China Daily | Updated: 2020-12-04 09:29
Share
Share - WeChat
Shaanxi Blower Group Co employees work on a production line in Xi'an, Shaanxi province, on Nov 18. [Photo/Xinhua]

China will push corporate reforms at 8,000 State-controlled enterprises during the country's 14th Five-Year Plan (2021-25) period to further optimize asset structures and improve market-oriented operating mechanisms, said the country's top State asset regulator.

Total assets associated with these reforms are worth 1.3 trillion yuan ($198.12 billion). The campaign is conducive in fundamentally solving outstanding issues among State-owned businesses and helps the country pursue high-quality growth over the long run, said Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council.

Unlike centrally administrated State-owned enterprises, which are large groups within the jurisdiction of the central authorities, State-controlled firms refer to all enterprises owned partly or outright by all levels of government across the country.

"Even though reforms will involve a large number of companies, and some are also facing historical debt and other operational issues, the government will clarify approval procedures, asset evaluations, tax payments and land disposals for their corporate reforms in the next stage," Weng said.

He added that all corporate reforms among centrally administered SOEs along with 96 percent of the country's State-controlled enterprises supervised by provincial-level State-asset regulators to date have been completed.

Since central SOEs completed their corporate system reforms, their scale, earning strength and operational efficiency have all significantly improved in recent years, said Liu Xingguo, a researcher at the Beijing-based China Enterprise Confederation.

Total assets of China's central SOEs amounted to 63.4 trillion yuan by the end of 2019, growing 16.12 percent from 2017, while their net profits reached 1.4 trillion yuan, an increase of 32.32 percent over 2017, government data showed.

Under new government policies announced in October, major SOEs will be encouraged to sell significant stakes to outside strategic partners during a three-year action plan for SOE reform, which will run through 2022.

The plan is designed to implement measures outlined by the 19th National Congress of the Communist Party of China in late 2017 to push SOEs to adapt to market-oriented and law-based rules and norms in the new era as soon as possible and assume greater responsibility in an open and innovative environment.

The government encourages publicly listed SOEs to introduce strategic investors by offering them 5 percent or more equity to participate in corporate governance as active shareholders.

China Southern Airlines General Aviation Ltd, a unit of China Southern Airlines, has taken a mixed-ownership reform path after the parent firm brought in three new investors last week.

Following the move, the registered capital of China Southern Airlines General Aviation Ltd will grow from 1 billion yuan to more than 1.34 billion yuan. The company currently operates 25 general-purpose aircraft, including 16 S-series heavy helicopters, the airline said in a statement.

Despite the new investors, Shanghai-listed China Southern Airlines is still the largest shareholder in the company with a 57.9 percent stake. SOE Reform Development Fund Management Co Ltd holds 14.1 percent, China Southern Power Grid Industrial Investment Group Co Ltd 10 percent, China Southern Airlines Capital 10 percent and a Zhuhai-based company 8 percent.

Pang Xiaogang, vice-president of State Grid Corporation of China, said that mixed-ownership reform has been actively and steadily carried out over the past several years, and the role of State-owned capital has been further diversified.

Since 2013, China has completed mixed-ownership reform at more than 4,000 firms, with more than 1.5 trillion yuan of non-State capital involved, the SASAC said.

China's SOEs saw their aggregate net profit after taxes rise 62.7 percent on a yearly basis in October, while operating revenue climbed 7 percent, the Ministry of Finance said last week.

SOEs reported 49.68 trillion yuan in revenue between January and October, growing 0.2 percent over the same period of last year, while net profit totaled 1.93 trillion yuan after taxes, down 11.4 percent year-on-year, the ministry said.

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: 国产欧美一区二区三区在线看 | 午夜影院免费 | 亚洲精彩视频在线观看 | 成人妇女免费播放久久久 | 亚洲综合精品 | 欧美日韩视频在线观看一区 | 亚洲无吗天堂 | 国产福利在线观看 | 中文字幕在线免费视频 | 欧美一级二级视频 | 久久久999| 亚洲欧美一区二区三区在线 | 日韩精品在线一区 | 日本精品免费 | 一区二区精品视频 | 久久精品视频在线观看 | 欧美日韩在线一 | 精产国产伦理一二三区 | 日韩激情综合网 | 亚洲自拍一区在线观看在线观看 | 日本亚洲国产一区二区三区 | 国产精品久久久久一区二区三区共 | 亚洲啊v| 91在线观| av大片在线观看 | 国产精品久久久久久久久久久久久久 | 精品国产一级毛片 | 亚洲精品电影 | 欧美亚洲国产一区 | 国产黄色在线观看 | 黄色一级免费电影 | 欧美日韩一区免费 | 日韩在线不卡 | 午夜精品久久久久 | 久久精品91 | 91在线最新 | 毛片久久 | 国产成人av一区二区 | 久久久久久91香蕉国产 | 麻豆精品久久久 | 黄色片地址|