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State-owned capital is brewing a new round of structural adjustment: the reorganization of central enterprises in five major fields, and these companies are about to stand on the cusp.
The State Council State-owned Assets Supervision and Administration Commission (SASAC) held a video conference on June 5438+07 for the heads of central enterprises and local SASACs. The meeting summarized the work in the first half of the year, made arrangements for the key work in the second half of the year, and put forward new requirements, especially in the reorganization of central enterprises and resource integration.

The meeting proposed that in the second half of the year, the strategic reorganization of central enterprises in the fields of equipment manufacturing, coal, electric power, communication and chemical industry should be steadily promoted, and state-owned capital should be further concentrated in key industries, key fields and advantageous enterprises that meet the strategy; Leading by enterprises with dominant main business, we will build a platform for the coordinated development of new energy vehicles, Beidou industry, large cruise ships and industrial internet; Continue to promote the integration of assets in the fields of coal, steel, offshore equipment and environmental protection, accelerate the professional integration of duty-free business, coal and terminals, improve the efficiency of resource allocation, and take the opportunity of reorganization and integration to deepen the internal reform of enterprises.

"The layout of state-owned capital is brewing a new round of structural adjustment, and central enterprises with core technologies will have big moves." Some analysts think so.

Who will participate in the reorganization of central enterprises in five major fields?

The mid-year work conference proposed that the strategic reorganization of central enterprises in the fields of equipment manufacturing, coal, electric power, communication and chemical industry should be steadily promoted in the second half of the year. Central enterprises in these five fields deserve to be sorted out one by one.

Just a few days ago, Peng, deputy secretary-general of the State-owned Assets Supervision and Administration Commission, said at the press conference of the State Council Office that the next step should be to integrate central enterprises around the strategy, promote group-level restructuring, service supply-side structural reform and industrial transformation and upgrading; The second is to promote professional integration, which SASAC has been emphasizing for the past two years. SASAC will continue to break the boundaries of enterprises, promote professional integration, and concentrate scattered businesses on enterprises with main businesses through free transfer, paid restructuring and establishment of joint-stock companies. The third is to speed up the internal reorganization of enterprises, and strive to explore and summarize the experience of existing pilot enterprises such as China Building Materials.

Specific to the field of equipment manufacturing, some experts in the reform of state-owned enterprises told the reporter of Shanghai Stock Exchange that the industries such as electricity, machinery and automobiles are the most likely directions for restructuring.

For example, the central enterprises in the field of electrical equipment include Harbin Electric Group and China Dongfang Electric Group. The two central enterprises exchanged their top leaders in May 20 16, which was regarded by the outside world as a signal that they might promote restructuring. In the automotive field, the integration and adjustment among FAW Group, Dongfeng Motor Group and Bingzhuang Group (its Changan Automobile) is also the focus of the industry. In terms of personnel changes, from 2065438 to August 2007, FAW Group changed coaches with Changan Automobile. In May of this year, FAW Group, Dongfeng Motor Group and Bingzhuang Group once again ushered in a new round of executive post intermodulation. Some analysts believe that this indicates that the possibility of strategic integration of the three auto central enterprises will be further strengthened.

There are three central enterprises in the chemical industry: China Sinochem Group Co., Ltd. (hereinafter referred to as "Sinochem Group"), China National Chemical Corporation (hereinafter referred to as "China Chemical") and China Chemical Engineering Group Co., Ltd. (hereinafter referred to as "China Chemical"). On July 13, the State-owned Assets Supervision and Administration Commission announced that Ning, the chairman of Sinochem Group, was also the chairman and party secretary of China National Chemical Corporation, and the former chairman of China National Chemical Corporation retired. The insiders believe that the long-rumored merger of China National Chemical Corporation and Sinochem Group is expected to be put on the agenda.

Recently, the reorganization of the coal industry has landed one after another. According to the unified arrangement of the State-owned Assets Supervision and Administration Commission (SASAC) on the withdrawal of non-professional coal-related central enterprises from the coal industry, on May 8, China Coal Group and Poly Group signed a free share transfer agreement, and Poly Energy was transferred to China Coal Group for free.

The power sector has been reorganized many times before, including: China Power Investment Nuclear Power (Power Investment Group), Shenhua Group and Guodian Group (Energy Investment Group). At present, power central enterprises include Datang Group, Huaneng Group and Huadian Group, as well as China Guangdong Nuclear Power, China Resources Power and SDIC Power. Li Jin, chief researcher of China Enterprise Research Institute, once said in an interview: "After the reorganization plan of Shenhua and Guodian Group is determined, the possibility of inter-bank integration among power companies such as Huaneng, Datang, China National Nuclear Corporation and China Guangdong Nuclear Power Corporation has become greater."

In the field of communication, SAAC announced on June 27th that Wuhan Institute of Posts and Telecommunications and Institute of Telecommunication Science and Technology Co., Ltd. had been reorganized jointly. After the reorganization, the two companies will merge into the newly established China Information and Communication Technology Group Co., Ltd. In the eyes of the industry, the "merger of similar items" of the two major communication central enterprises will reshape the pattern of the communication industry, which is conducive to the 5G development after the integration of industries and resources.

Create a platform for the coordinated development of four emerging industries

For the idea of collaborative development platforms such as new energy vehicles, Beidou industry, large cruise ships and industrial Internet, the Shanghai Securities Journal reporter learned from relevant enterprises that each platform may contain more than one central enterprise. As for the form of platform formation, it is still uncertain, and the enterprise has not received relevant notice.

Then, which central enterprises may be involved in the coordinated development platform of the above four industries?

At present, in addition to China Aerospace Science and Technology Corporation and China Aerospace Science and Industry Corporation, there are also China Ordnance Industry Corporation and other central enterprises that develop Beidou industry. Beidou system has achieved industrialization breakthrough and leap-forward development in five aspects: automobile front-loading market, smart phone and high-precision application. Beidou foundation reinforcement system has established more than 1800 foundation reinforcement stations in China. With the support of Beidou satellite in the sky and "one network" on the ground, Beidou high-precision positioning service, which can be accurate to centimeter level, is expected to "empower" the transformation and upgrading of various industries. It is understood that Chihiro Location Network Co., Ltd., jointly built by China Ordnance Industry Group and Alibaba Group, is responsible for the construction of "one network" of Beidou foundation reinforcement system.

As for the composition of the industrial Internet collaborative development platform, according to the reporter's understanding, it will include a number of central enterprises, and China Electronic Information Industry Group (referred to as "China Electric Branch") will be an important supporting unit. In addition, China Aerospace Science and Industry Group has been deployed in the field of industrial Internet for many years.

On June 24th this year, China Electronics held a press conference on the achievements of China's electronic industry Internet, and announced the establishment of "China Electronic Industry Internet Co., Ltd." with Changsha SDIC and Changsha High-tech Zone. China Aerospace Science and Industry Group established the first public service platform of industrial Internet-Aerospace Cloud Network in June, 20 15, with the goal of building an industrial cluster ecology of cloud manufacturing industry based on industrial Internet, and using big data and artificial intelligence technology and third-party commercial and financial resources to serve technological innovation, business model innovation and management innovation of manufacturing industry.

In the field of new energy vehicles, recently, FAW Group, Dongfeng Motor Group and Changan Automobile, a subsidiary of Bingzhuang Group, signed a mobile travel intention agreement, and will jointly establish T3 Travel Service Company to build a "fleet" in the automotive field. In addition, China Automotive Research Institute, the A-share platform of China General Technology Group, a central enterprise, is also involved in the research of intelligent networked vehicles. Its "Chongqing Intelligent Networked Automotive Engineering Technology Research Center" is the leading third-party engineering consulting service organization for the development, testing and certification of intelligent networked vehicles in China.

Equity diversification of two or three central enterprise groups

With regard to the reform of mixed ownership, the mid-year meeting of the State Council State-owned Assets Supervision and Administration Commission proposed that in the second half of the year, the equity diversification of two or three central enterprise groups should be steadily promoted, and commercial state-owned enterprises in fully competitive industries and fields should be promoted to carry out mixed ownership reform.

Recently, China Eastern Airlines Group "mixed reform 2.0" locked in the listed platform Eastern Airlines, and plans to raise more than 10 billion yuan in A shares and H shares, and introduce Juneyao Group and its Jixiang Airlines, as well as the structural adjustment fund of China state-owned enterprises. The Shanghai Securities Journal reporter noted that in addition to the deepening of the mixed reform of the "seven major areas" of central enterprises, the operation of local state-owned assets has become increasingly flexible, and there are more and more cases of state-owned capital entering private enterprises. In addition, in the context of opening wider to the outside world, foreign participation in the mixed reform of state-owned enterprises is also expected to make new progress.

SASAC also made arrangements for market value management. The meeting pointed out that enterprise groups should earnestly shoulder the main responsibility of market value management, strengthen the dynamic monitoring and analysis of the operation of listed companies, and support listed companies to continuously improve the quality and efficiency of development.

Highlights of central enterprise integration1+1> Effect Energy Group achieved a profit of 40.2 billion yuan in the first half of the year.

In the second half of the year, the reorganization of central enterprises is expected to make further efforts, and the merger of "industrialization and modernization" is expected to heat up.

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