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Promote the central enterprises to slim down again, and the SASAC starts a new round of "reduction"

Date: 2022-05-13
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Xinhua News Agency, Beijing, May 11 (Reporter Wang Xi) Weng Jieming, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said on the 11th that in order to promote the re-downsizing and re-optimization of central enterprises, the State-owned Assets Supervision and Administration Commission has issued a special work plan to start a new round of 'downsizing' of central enterprises (reducing the management level and the number of legal persons).

He made the above remarks at the 'special action promotion meeting of' looking back' on the reduction work of central enterprises' held by the SASAC on 11th.

Since 2016, the State-owned Assets Supervision and Administration Commission (SASAC) has guided central enterprises to take effective measures to promote the 'reduction' work. By the end of last year, the central enterprises had 'reduced' the number of legal persons by 19,965, and more than 70% of the enterprises were within the legal person level 5. The operating costs of enterprises were further reduced and the management efficiency was continuously improved.

The general goal of the new round of 'reduction' work is: make up your mind to clean up and withdraw from a number of enterprises, optimize and integrate a number of enterprises, focus on monitoring a number of enterprises, further reduce the number of legal persons, and strive to control the corporate management level of the central enterprise group within level 4 and that of most enterprises within level 5.

Weng Jieming said that to promote a new round of 'reduction', we should not only focus on key indicators, improve pertinence and accuracy, but also focus on specific enterprises, and explore effective ways of 'reduction' because of enterprises' policies. 'For special purpose companies, project companies and other types of enterprises, we must adhere to the principle of seeking truth from facts, and from the perspective of being conducive to the normal operation and development of enterprises, make reasonable distinctions in the' reduction' work, and define effective control measures.' Weng Jieming said.

He stressed that the new round of 'reduction' work should be changed from simply reducing quantity and hierarchy to managing the whole life cycle of legal entities, establishing a management mechanism more in line with the requirements of market economy, and providing strong support for building world-class enterprises; At the same time, we will continue to give overall consideration to the reforms of 'reduction' and divestiture of 'two non-businesses' (non-main businesses and non-dominant businesses), 'two capital' (inefficient assets and invalid assets), loss control, restructuring and integration, and capacity reduction, so as to further optimize the layout structure of state-owned capital and improve the allocation efficiency.

In addition, Weng Jieming proposed that 'reduction' should be planned and promoted simultaneously with production and operation, so as to avoid the 'reduction' affecting the normal production and operation of enterprises. 'SASAC will continue to incorporate the' reduction' work into the annual assessment of the operating performance of the heads of central enterprises, and enterprises should also improve the internal assessment mechanism and play an assessment-oriented role.' He said.


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