Liaoning: reforming "combined Boxing" to promote the sustained growth of the benefits of State-owned Enterprises

| gov.cn

Xinhua News Agency, Shenyang, November 9 (reporters Wang Bingkun and Zou Mingzhong) according to the latest data learned by the Liaoning Provincial State-owned assets Supervision and Administration Commission, in the first three quarters of this year, The operating income and profits of 189 key state-owned enterprises in the province increased by 8.2% and 13.3% compared with the same period last year, and the operating income and profits of provincial enterprises grew for 33 consecutive months.

This achievement stems from the remarkable effectiveness of the reform of state-owned enterprises in Liaoning. Since the beginning of this year, Liaoning state-owned enterprises have launched a "combination of boxing" to reform, adjust, and reduce their burdens, and the changes in ideas, institutional mechanisms, and environmental space have injected new vitality and impetus into the development of state-owned enterprises.

In October this year, the regulations on the Supervision and Administration of State-owned assets of Liaoning Enterprises, adopted by the standing Committee of the Liaoning Provincial people's Congress, were formally implemented. At this point, Liaoning state-owned enterprises reform laws, regulations and policy system has basically taken shape. In accordance with the provincial "1X39" policy system, various localities have issued more than 290 policy documents and special work programs one after another in the light of their own reality. The clarity of timetable, road map and construction plan provides a necessary guarantee for the pragmatic promotion of the reform of state-owned enterprises in Liaoning.

Modern enterprise system is a necessary condition for the standardized development of state-owned enterprises. Since the beginning of this year, Liaoning state-owned enterprises have deeply integrated the leadership of the Party with corporate governance, and further standardized the construction of the board of directors. At the end of August this year, the Provincial SASAC appointed 25 external directors to 11 provincial enterprises, and some enterprises in Shenyang and Dalian have achieved a majority of external directors. By deepening the reform of the "three systems", the managers of productive enterprises in Liaoning Province are now controlled at less than 8% of the total number of employees, 20% less than three years ago. Labor productivity and labor cost profit margins rose 5.9 per cent and 4.5 per cent, respectively, from a year earlier.

In the first three quarters, as a key point and breakthrough in the reform of state-owned enterprises, the reform of mixed ownership and equity diversification of state-owned enterprises have also been steadily promoted in Liaoning. At present, 52 mixed reform projects in provincial enterprises and 42 mixed reform projects identified by various cities are being continuously promoted. The proportion of provincial enterprises, Shenyang and Dalian has reached about 55%.

Liaoning state-owned enterprises have a long history, and the heavy historical burden makes state-owned enterprises swim in the sea of the market like wearing cotton-padded jackets. Since last year, Liaoning has made great efforts to resolve the problems left over from the history of state-owned enterprises. By the end of September this year, many cities in the province had basically completed the large collective reform of local factories and offices. The 14 cities in the province have actually participated in the factory-run collective reform enterprises have successively completed the closure, bankruptcy, reorganization and restructuring, and the separation and transfer of social functions by state-owned enterprises have been basically completed. The disposal task of the "zombie enterprise" has been completed by 94%, the assets have been invigorated by 10.988 billion yuan, and 21000 workers have been properly resettled.

Data from the Liaoning Provincial State-owned assets Supervision and Administration Commission show that the reform of "combined boxing" has gradually improved the quality and efficiency of the development of Liaoning state-owned enterprises, improved the level of equipment manufacturing, accelerated the upgrading of traditional industries, and effectively prevented and resolved all kinds of risks. Social responsibility is fully fulfilled. By the end of September, the total operating income of 24 provincial enterprises had increased by 8.8% compared with the same period last year, and their total profits had increased by 17.1%, while the average asset-liability ratio of provincial enterprises had dropped to 60%, down 10 percentage points from 2012.

Liaoning: reforming "combined Boxing" to promote the sustained growth of the benefits of State-owned Enterprises

| gov.cn

Xinhua News Agency, Shenyang, November 9 (reporters Wang Bingkun and Zou Mingzhong) according to the latest data learned by the Liaoning Provincial State-owned assets Supervision and Administration Commission, in the first three quarters of this year, The operating income and profits of 189 key state-owned enterprises in the province increased by 8.2% and 13.3% compared with the same period last year, and the operating income and profits of provincial enterprises grew for 33 consecutive months.

This achievement stems from the remarkable effectiveness of the reform of state-owned enterprises in Liaoning. Since the beginning of this year, Liaoning state-owned enterprises have launched a "combination of boxing" to reform, adjust, and reduce their burdens, and the changes in ideas, institutional mechanisms, and environmental space have injected new vitality and impetus into the development of state-owned enterprises.

In October this year, the regulations on the Supervision and Administration of State-owned assets of Liaoning Enterprises, adopted by the standing Committee of the Liaoning Provincial people's Congress, were formally implemented. At this point, Liaoning state-owned enterprises reform laws, regulations and policy system has basically taken shape. In accordance with the provincial "1X39" policy system, various localities have issued more than 290 policy documents and special work programs one after another in the light of their own reality. The clarity of timetable, road map and construction plan provides a necessary guarantee for the pragmatic promotion of the reform of state-owned enterprises in Liaoning.

Modern enterprise system is a necessary condition for the standardized development of state-owned enterprises. Since the beginning of this year, Liaoning state-owned enterprises have deeply integrated the leadership of the Party with corporate governance, and further standardized the construction of the board of directors. At the end of August this year, the Provincial SASAC appointed 25 external directors to 11 provincial enterprises, and some enterprises in Shenyang and Dalian have achieved a majority of external directors. By deepening the reform of the "three systems", the managers of productive enterprises in Liaoning Province are now controlled at less than 8% of the total number of employees, 20% less than three years ago. Labor productivity and labor cost profit margins rose 5.9 per cent and 4.5 per cent, respectively, from a year earlier.

In the first three quarters, as a key point and breakthrough in the reform of state-owned enterprises, the reform of mixed ownership and equity diversification of state-owned enterprises have also been steadily promoted in Liaoning. At present, 52 mixed reform projects in provincial enterprises and 42 mixed reform projects identified by various cities are being continuously promoted. The proportion of provincial enterprises, Shenyang and Dalian has reached about 55%.

Liaoning state-owned enterprises have a long history, and the heavy historical burden makes state-owned enterprises swim in the sea of the market like wearing cotton-padded jackets. Since last year, Liaoning has made great efforts to resolve the problems left over from the history of state-owned enterprises. By the end of September this year, many cities in the province had basically completed the large collective reform of local factories and offices. The 14 cities in the province have actually participated in the factory-run collective reform enterprises have successively completed the closure, bankruptcy, reorganization and restructuring, and the separation and transfer of social functions by state-owned enterprises have been basically completed. The disposal task of the "zombie enterprise" has been completed by 94%, the assets have been invigorated by 10.988 billion yuan, and 21000 workers have been properly resettled.

Data from the Liaoning Provincial State-owned assets Supervision and Administration Commission show that the reform of "combined boxing" has gradually improved the quality and efficiency of the development of Liaoning state-owned enterprises, improved the level of equipment manufacturing, accelerated the upgrading of traditional industries, and effectively prevented and resolved all kinds of risks. Social responsibility is fully fulfilled. By the end of September, the total operating income of 24 provincial enterprises had increased by 8.8% compared with the same period last year, and their total profits had increased by 17.1%, while the average asset-liability ratio of provincial enterprises had dropped to 60%, down 10 percentage points from 2012.





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