In March 9th, the twelve session of the five session of the NPC held a press conference, the SASAC relevant person in charge of the "state-owned enterprise reform" related questions to answer questions from Chinese and foreign reporters. Xiao Yaqing, director of the SASAC, answered the question, "what are the priorities of the reform of state-owned enterprises in 2017?"" It will promote the restructuring of the central enterprises in third places in six major areas, second only to strengthening the supervision of state-owned assets and strengthening risk control. In this regard, analysts believe that the central enterprises restructuring is still the focus of the reform of state-owned enterprises this year, while promoting state-owned enterprises downsizing, fitness, quality and efficiency will speed up.

Central enterprises restructuring is still the focus of national reform

At this conference, Xiao Yaqing, director of the SASAC pointed out that the past year, it should be said that the effectiveness of SOE reform is remarkable. According to SASAC, last year, a total of more than 760 specific programs and specific initiatives were launched nationwide, and more than 200 pilot projects were carried out. In the central enterprises reform, at the beginning of last year at the group level to promote 10 pilot reforms, 2016 gradually to two, three to the grassroots level. In the "results", the data show that last year the central enterprises operating income was 23 trillion and 400 billion yuan, an increase of 2.6%. Last year's profit was about 1230000000000 yuan, an increase of 0.5%, the continued decline in the trend has been curbed. This year from 1 to February, the central enterprises operating income of 3 trillion and 700 billion yuan, an increase of 15.2%, profits of 168 billion 600 million yuan, an increase of 29.1%.

From 2017 the SASAC will strengthen the state-owned assets supervision, strengthen risk control, further promote the central enterprises reorganization, promote fitness and health quality and efficiency, accelerate the reform of company system, to further promote the reform of mixed ownership of state-owned enterprises and strengthen the overall leadership of the party, the party's construction in 7 areas to achieve a breakthrough.

For the central enterprises mergers and acquisitions topic, Xiao Yaqing said, reform is to run the problem, where there are many problems, where priority is changed, what problems change what?. 2017, we should further intensify efforts to control risk, and further promote the central restructuring of iron and steel, coal, heavy equipment, thermal power and other aspects of the central enterprises. SASAC deputy director Zhang Xiwu also pointed out that the central enterprise restructuring, not to engage in administrative matchmaker, not simply "go piles", but not to engage in a new monopoly. This year, we will focus on key areas of restructuring, explore effective ways of restructuring, increase the intensity of the reorganization, and will actively explore the integration of foreign assets, improve the operational efficiency of state-owned capital.

Slimming fitness, quality and efficiency, continue to push forward

Downsizing, fitness, quality and efficiency will remain an important part of SOE reform this year. Since last year the State Council promulgated the "opinions on the reform of state-owned enterprises", some localities have also issued some corresponding reform documents and measures. As a whole, the state-owned enterprises have made some progress in downsizing, fitness, quality and efficiency.

In the fitness and health, Xiao Yaqing pointed out that last year the central enterprises in the process of fitness and health, including production capacity, involving employees is about 110 thousand people, through the back transfer, service outsourcing, there is also a part of the lifting of the labor contract, the staff have done properly. Next, the central enterprises should be more mergers and acquisitions, less bankruptcy, the interests of workers and staff placement in a prominent position, there will be no "laid-off" tide".

In terms of quality and efficiency, the National Bureau of statistics data show that in 2016 above scale industrial enterprises, the main business income of state-owned holding enterprises more than 23 trillion and 340 billion yuan, year-on-year growth, reversing last year's main business revenue fell trend. 2016, the central enterprises to resolve excess iron and steel production capacity of 10 million 190 thousand tons, 34 million 970 thousand tons of excess coal production capacity, ahead of excessive completion of the task; completed 398 households "zombie" enterprises and poor enterprises disposal and governance.

The future, thin body health, quality and efficiency of the state-owned enterprises, in the structural transformation of the "13th Five-Year" period, continue to release more potential in their respective fields, to play a greater role in the supply side structural reform.

Mixed change will become a breakthrough

In the reform of state-owned enterprises "big game", mix change will become a breakthrough. Premier Li Keqiang pointed out in his government work report, "deepening the reform of the mixed ownership system and making substantive steps in the fields of electricity, oil, natural gas, railways, civil aviation and telecommunications."". This is the following 2016, December, the central economic work conference will be mixed ownership reform as an important breakthrough in the reform of state-owned enterprises, the government work report once again raised.

Since October 2016, China Eastern Airlines Group, China Unicom Group, China Southern Power Grid, Harbin Electric Power Group, China nuclear construction, China Shipbuilding and other central enterprises have been included in the first batch of mixed change pilot list. This year, the China Railway Corporation and the China ordnance industry group have also issued a mixed ownership reform program.

In addition to the central level of mixed correction substantive push forward, local state-owned enterprises at the level of mixed change is also particularly active. Prior to the convening of the "two sessions", the majority of provinces and autonomous regions of state-owned enterprises are involved in the reform and deployment of mixed reform. And Shanghai, Shenzhen and other places of state-owned enterprises reform process faster, strong market atmosphere, and promote resistance is relatively small, mixed change is expected to advance.

In this regard, Datong securities analyst Liu Yunfeng judgment, SOE mix change is likely to become a hot topic throughout the year, "NPC and CPPCC" will get further policy support, the first and two batch of central enterprises of mixed change list is expected to fall in the "NPC and CPPCC". Flexibility comes from substantial pace, and similar reforms such as China Unicom will further catalyze the emergence of individual cases. Source: Panorama