The number and field of the fourth batch of mixed reform pilot projects have increased significantly.

| gov.cn

Xinhua News Agency, Beijing, 15 Nov (Reporter an Bei)-Meng Wei, spokesman for the National Development and Reform Commission, said on 15 November that China had launched the fourth batch of pilot mixed ownership reforms in May this year, with a total of 160, with substantial growth in both numbers and fields.

At a news conference held on the same day, Meng Wei said: in the field, the fourth batch of mixed reform pilot projects are not limited to power, oil, natural gas, railway, civil aviation, telecommunications, military industry, and other important areas, including state-owned enterprises in the traditional manufacturing field. It also includes state-owned enterprises in strategic emerging industries such as the Internet, software and information technology services, new energy, new materials, energy conservation and environmental protection. At the same time, it also includes some state-owned holding enterprises which have realized the mixing of equity level and intend to further deepen the reform in improving governance.

She said: the National Development and Reform Commission is organizing pilot enterprises to study and formulate implementation plans for mixed reform, and many pilot enterprises are promoting mixed reform projects through various channels and actively introducing strategic investors. Some pilot enterprises have entered the property rights exchange listed.

In recent years, China has actively and steadily promoted the pilot reform of mixed ownership of state-owned enterprises. At present, it has launched four batches of more than 200 pilot projects.

Meng Wei said: the pilot project of mixed reform persists in combining "introducing capital" with "transferring mechanism," focusing on system construction and innovation of system and mechanism, and striving for breakthroughs in perfecting the governance of enterprises as legal persons, establishing and perfecting the incentive mechanism, and changing the management mechanism. Of the 50 pilot projects in the first three batches, 70% of the pilot enterprises have basically completed or are about to complete the task of "mixing". Most of the pilot enterprises have completed the pilot tasks such as the establishment of new companies, the reconstruction of corporate governance mechanism, and the construction of incentive institutionalization. From the effect, after the mixed reform, the enterprise management condition continues to improve, prominently manifests in the "five liters and five falls": the enterprise governance ability and the vitality benefit enhances, the loss surface drops, the state-owned capital rights and interests and the function enhances, the enterprise leverage ratio drops; The labor productivity of enterprises has improved, the turnover rate of core staff has decreased, the core competitiveness of enterprises has improved, and the gap with the leading enterprises in the industry has declined; the development space of non-public economy has been improved, and the restrictions on market access have decreased.

The number and field of the fourth batch of mixed reform pilot projects have increased significantly.

| gov.cn

Xinhua News Agency, Beijing, 15 Nov (Reporter an Bei)-Meng Wei, spokesman for the National Development and Reform Commission, said on 15 November that China had launched the fourth batch of pilot mixed ownership reforms in May this year, with a total of 160, with substantial growth in both numbers and fields.

At a news conference held on the same day, Meng Wei said: in the field, the fourth batch of mixed reform pilot projects are not limited to power, oil, natural gas, railway, civil aviation, telecommunications, military industry, and other important areas, including state-owned enterprises in the traditional manufacturing field. It also includes state-owned enterprises in strategic emerging industries such as the Internet, software and information technology services, new energy, new materials, energy conservation and environmental protection. At the same time, it also includes some state-owned holding enterprises which have realized the mixing of equity level and intend to further deepen the reform in improving governance.

She said: the National Development and Reform Commission is organizing pilot enterprises to study and formulate implementation plans for mixed reform, and many pilot enterprises are promoting mixed reform projects through various channels and actively introducing strategic investors. Some pilot enterprises have entered the property rights exchange listed.

In recent years, China has actively and steadily promoted the pilot reform of mixed ownership of state-owned enterprises. At present, it has launched four batches of more than 200 pilot projects.

Meng Wei said: the pilot project of mixed reform persists in combining "introducing capital" with "transferring mechanism," focusing on system construction and innovation of system and mechanism, and striving for breakthroughs in perfecting the governance of enterprises as legal persons, establishing and perfecting the incentive mechanism, and changing the management mechanism. Of the 50 pilot projects in the first three batches, 70% of the pilot enterprises have basically completed or are about to complete the task of "mixing". Most of the pilot enterprises have completed the pilot tasks such as the establishment of new companies, the reconstruction of corporate governance mechanism, and the construction of incentive institutionalization. From the effect, after the mixed reform, the enterprise management condition continues to improve, prominently manifests in the "five liters and five falls": the enterprise governance ability and the vitality benefit enhances, the loss surface drops, the state-owned capital rights and interests and the function enhances, the enterprise leverage ratio drops; The labor productivity of enterprises has improved, the turnover rate of core staff has decreased, the core competitiveness of enterprises has improved, and the gap with the leading enterprises in the industry has declined; the development space of non-public economy has been improved, and the restrictions on market access have decreased.






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