1. The central enterprise is a kind of enterprise directly managed by or by the State-owned Assets Supervision and Administration Commission, or a special type of state-owned enterprise, which generally involves the key areas of the national economy and people's livelihood and national security.
Second, the central enterprise holding is actually a subsidiary of the central enterprise headquarters. If it is controlled, it is generally not wholly-owned, and private or overseas capital may enter.
Central enterprises listed as a whole:
(1) Overall listing refers to the practice that a company reorganizes its major assets and business into a joint-stock company. With the increasing demands of China Securities Regulatory Commission on the business independence of listed companies, overall listing has increasingly become the main way of initial public offering and listing.
(2) According to the listing qualification of the stock exchange and the relevant provisions of the Company Law on listed companies, joint-stock companies must meet some hard accounting indicators if they want to go public. In order to achieve this goal, shareholders will generally split a large enterprise into two parts: the joint-stock company and the parent company, and put high-quality assets in the joint-stock company, as well as some assets that have nothing to do with the main business and have poor quality (such as canteens, kindergartens, loss-making assets, etc.). ) at the parent company. This is the split listing, joint-stock company.
: The latest progress in the overall listing of central enterprises
1. According to the requirements of the State-owned Assets Supervision and Administration Commission, a group company whose main business has been listed as a whole should digest the surviving enterprises before realizing the overall listing at the group level. In the choice of capital market for listing, according to SASAC's plan, the overall listing of central enterprises will choose "overseas plus domestic", that is, A+H mode.
2. According to authoritative sources, in promoting the reorganization of central enterprises, the state will maintain absolute control of the state-owned economy in seven major industries, such as military industry, coal, power grid, civil aviation, shipping, telecommunications, petroleum and petrochemical, and other industries are more likely to be merged into Guo Xin Holdings, and some smaller scientific research institutes and commercial circulation enterprises are more likely to be reorganized. Restructuring will no longer pursue quantity, but focus on quality.
3.20 10 12.22 Guo Xin holding co., ltd was established. This is a platform for enterprise restructuring and asset integration under the State-owned Assets Supervision and Administration Commission. Guo Xin Holding Management Company will mainly undertake two functions. First, as a platform for restructuring and asset integration of central enterprises, according to the idea of "mature one company and one company", it absorbs central enterprises with low ranking and low asset quality; Second, monetary investment, as the overall listing platform of central enterprises, is one of the initiators to promote the overall listing of restructuring groups.
4.20 1 1 SASAC will promote the overall listing of 16 central enterprises.