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Weng Jieming, deputy director of SASASAC of the State Council, said at a media briefing on "deepening reform, adding vitality, striving for a new era", that two-thirds of central enterprises have introduced various kinds of social capital, and the pilot project of mixing major areas has been steadily promoted. Luo Qianyi, chief accountant of State Grid and member of the Party Group, said in reply to a question from reporters of China Securities News about mixed improvement exhibition that next step, State Grid will study and expand the field of mixed improvement, and increase the breadth and depth of mixed reform implementation.
Steady Progress of Mixed Reform Pilot Programs in Important Areas
Weng Jieming said that at present, two-thirds of the central enterprises have introduced various kinds of social capital, more than half of the state-owned capital is concentrated in public listed companies, and 49% of the households of mixed ownership enterprises in various provinces, regions and cities. The pilot project of mixed ownership in important areas has been steadily promoted, with 10 central enterprises and 171 provincial-level enterprises carrying out the pilot project of employee stock ownership in state-owned holding mixed ownership enterprises. By the end of 2018, 40 central enterprises had formulated the system of professional managers, 977 household enterprises had selected 4374 professional managers, and 95 provincial-level enterprises around the country had carried out market-oriented selection of professional managers. The 104 incentive schemes of the 24 science and technology sub-enterprises affiliated to the central enterprises are being implemented after the approval of the group company, and the per capita income of the incentive target has increased by 14.9%.
Among the central enterprises that implemented mixed reform from 2013 to 2018, more than 70% of them achieved profit growth after mixed reform. Ninety-one listed companies controlled by 45 central enterprises have implemented equity incentives, and the average annual growth rate of business income of enterprises with equity incentives for more than one year has reached 16.7%.
Weng Jieming said that the next step is to adhere to the principle of strengthening the leadership of the Party and sticking to a bottom line, that is, to avoid the loss of state-owned assets. At the same time, we should speed up five aspects of reform: first, we should continue to promote the modern state-owned enterprise system; second, we should continue to promote the state-owned capital supervision system, which mainly manages capital; third, we should continue to promote more dynamic management mechanism; fourth, we should continue to promote the layout of state-owned capital. Fifth, we should continue to strengthen the Party's leadership and Party building.


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