Near the end of the year, the adjustment of local state-owned enterprises has obviously accelerated. The State-owned Assets Supervision and Administration Commission (SASAC) is stepping up its efforts to summarize the good reform experiences in the previous double-hunt operations and mixed-reform pilots, and will introduce some more targeted policy guidelines to better promote and promote reforms. It is reported that the next step of the mixed reform will further advance in depth, and the restrictions will be liberalized in many places. The shareholding ratio of competitive industries, employee incentives, governance structure, and market-oriented mechanism will usher in a greater breakthrough.

Since the second half of 2018, state-owned enterprises and enterprises around the country have regarded the mixed reform as an important starting point for reform and continued to advance. With the launch of the regional “comprehensive reform test” of state-owned state-owned enterprises, local state-owned enterprises have improved and expanded into an accelerated period. The reporter learned from a number of local state-owned departments that Shanghai, Guangdong, Jiangsu, Tianjin, Shanxi and other provinces and cities are rushing to brew new actions, and based on their own situation, have formulated a reform road map and timetable, and intensified the overall reform. Intensively promote related projects. Shandong launched 93 provincial-level state-owned enterprise mixed reform projects at home and abroad. Tianjin promoted the space for reform of state-owned enterprises. It has launched 232 mixed-reform projects, Shanxi launched 108 state-owned enterprises mixed reform projects, and Liaoning launched 48 state-owned enterprises mixed reform projects. 40 state-owned enterprises mixed reform projects, Guangzhou released 20 mixed reform projects.

Recently, the State-owned Assets Supervision and Administration Commission of Jiangxi Province issued a plan for the “100-country state-owned enterprises” mixed reforms; Liaoning Province clearly stated that by 2020, the provincial-owned state-owned enterprise ownership reform will reach more than 70%; Beijing requires state-owned enterprise reform to focus on improving the level of state-owned capital securitization; Qingdao Double Star, a subsidiary of Qingdao SASAC, and the major shareholders of Jinbin, a subsidiary of the Tianjin SASAC, also announced the start of a mixed reform. The Double Star Group announced that it will introduce strategic investors with key resources needed to accelerate the development of Double Star and implement them. Employees share shares.

It is worth noting that in addition to local mixed reforms, the mixed reform of central enterprises is also speeding up. Following the announcement of the mixed reform of China's salt industry, another large state-owned enterprise, China Post Group, also recently announced plans for the mixed reform of its many companies. China Post will introduce China Post Insurance, China Post Technology, and China Post Express to strategic investors to carry out mixed ownership reform.

In fact, the mixed reform and mergers and acquisitions are undoubtedly an important breakthrough in the reform in 2019. At present, three batches of 50 pilot reforms in important areas have been launched. The list of the fourth batch of mixed reforms has been reviewed and approved by the State Council's State-owned Enterprise Reform Leading Group. There were 160 pilot enterprises in the fourth batch of mixed reforms, including 107 central enterprise systems and 53 local enterprises, with total assets exceeding 2.5 trillion yuan. It is worth noting that the business performance of the enterprises that have completed the main tasks of the reform has been significantly improved, the asset-liability ratio has dropped by an average of 5.2 percentage points, and the operating income and profit have increased by more than 10% year-on-year, forming China Unicom and China Eastern Logistics. , Zhongjin Jewelry, Inner Mongolia Yiji, Hefei Jianghang and other high-quality mixed-reform enterprises with benchmarking significance.

Peng Huagang, secretary general of the State-owned Assets Supervision and Administration Commission, said in an interview that the reform of mixed ownership is actively and steadily progressing in accordance with the requirements of the central authorities. At present, the mixed reform is not only a mixed-ownership enterprise, but “mixing” is the first step. It is really necessary to make the mixed reform play its effective role, and further highlight the “reform”.

Li Jin, the chief researcher of the China Enterprise Research Institute, believes that the characteristics of the enterprise and the mixed reform of the central enterprises are obvious. In the process of promoting the mixed reform, the localities will be faster than the central enterprises, especially in the next step. .

On the one hand, the "Double Hundred Actions" reform of state-owned enterprises, the pilot reform of regional state-owned enterprises and state-owned enterprises, the third batch and the fourth batch of pilot reforms are mostly local state-owned enterprises. In 2019, they will enter the implementation phase. On the other hand, the mixed reform will It has become a powerful means of stimulating the growth of private investment.

Many industry experts believe that the important part of the reform of state-owned enterprises to achieve the expected goals is the reform of the market-oriented mechanism, and the core content of the reform of the market-oriented mechanism is the medium- and long-term incentive mechanism for employees. The next step is to realize the sharing of the interests of employees and state-owned enterprises through employee stock ownership. And the risk sharing can truly promote the management and employees to release their conscious business incentives, thus promoting the expected effect of the reform of state-owned enterprises. Author / Yang Wei, Editor / Sang Haibin