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"Big orders" one after another.
Recently, the results of mixed reform in electric power, steel and other fields have accelerated.
A few days ago, CGNPC's capital increase exceeded 30 billion and successfully landed, igniting the enthusiasm for mixed reform of central enterprises at the end of the year. This capital increase has set a number of records in one fell swoop, such as "the largest equity financing project in the field of new energy power in China", "the largest equity financing project of domestic unlisted companies since the proposal of the double carbon target" and "the highest amount of funds raised by mixed reform projects in the history of property rights market".
The mixed reform of China Baowu Group has been accelerated in an all-round way. The relevant person in charge of China Baowu Group said that the Group has formed a three-year plan for the mixed reform of its subsidiaries and an annual key promotion project plan, formulated supporting systems such as the implementation measures for promoting the reform of mixed ownership and the implementation rules for employee stock ownership in mixed ownership enterprises, further clarified the management responsibilities, refined the operational norms and improved the working mechanism. Recently, China Baowu Special Mixed Reform Promotion Meeting was successfully held, and 2 1 mixed enterprises were introduced into the capital market. It is understood that these projects focus on the new material industry, smart service industry, resource and environmental industry and industrial finance related to the main steel industry, covering Ouye Chain Gold Renewable Resources Co., Ltd., Baowu Group Environmental Resources Technology Co., Ltd., Ouye Industrial Products Co., Ltd. and other enterprises, and intend to implement mixed ownership reform through various ways and channels such as capital increase and share expansion, reorganization and listing.
The relevant person in charge of State Grid said that the company systematically carried out research and evaluation on mixed ownership reform in combination with the "one body and four wings" development layout, and conducted feasibility analysis on power grid business, financial business, international business, supporting industries and strategic emerging industries, and clearly identified competitive businesses such as finance and strategic emerging businesses as key areas for mixed reform. The company studied and issued the Operational Guidelines for Mixed Ownership Reform of State Grid Corporation of China, which promoted the orderly landing of the121project and introduced 34 billion yuan of external capital.
According to the relevant person in charge of China Railway Engineering Equipment Group, the group focused on promoting the mixed reform of its subordinate units or businesses, organized and compiled the mixed reform promotion plan and plan, and conducted a feasibility study on the mixed reform of its technical service company, equipment company and pipe jacking machine business.
Song, deputy dean of Beijing Normal University Government Management Research Institute and director of Industrial Economic Research Center, said that the mixed reform in the fields of electricity, telecommunications, military industry and civil aviation is expected to take the lead in achieving breakthroughs in the future. In these industries and fields, existing listed companies are expected to become the first "vanguard" to achieve mixed reform standards and market breakthroughs.
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Mixed reforms in various places are in full swing.
From a local perspective, various forms of mixed reform are in full swing.
Anyang Iron and Steel recently disclosed that the board meeting of controlling shareholder Angang Group reviewed and approved the overall work plan of mixed ownership reform of Angang Group and other related matters. According to the mixed reform plan: firstly, evaluate and price 0/00% equity of Anyang Iron and Steel Group/KLOC, invest in Henan Installation Investment Group wholly owned by Henan State-owned Assets Supervision and Administration Commission, and transfer 20% equity of Anyang Iron and Steel to Henan Installation Investment Group for free; Then, relying on Henan Installation Investment Group to publicly list on the property rights exchange, the strategic investors are determined by comprehensive bid evaluation, and 80% equity of Angang Group is transferred; Strategic investors give Angang Group medium and long-term incentives such as increasing capital and shares and implementing employee stock ownership.
The relevant person in charge of Guangzhou Automobile Group recently said that the improvement exhibition of Guangzhou Automobile Aian Hybrid is smooth, or it will be completed and listed next year. After the mixed reform is completed, the proportion of state-owned shares will drop from the current 50% to 20% to 30%.
The relevant person in charge of Northeast Pharmaceutical said that it has been three years since the mixed reform of Northeast Pharmaceutical. After the mixed reform, employees become the biggest beneficiaries of the mixed reform. In the past three years, enterprises have distributed red envelopes and welfare expenditures of 476 million yuan to employees; At the same time, the management and core backbone are given equity incentives, and the incentive mechanism of "doing a lot, giving more, creating more" is implemented. There are extra rewards for those who do well in horse racing.
Shenzhen Urban Traffic Planning and Design Research Center Co., Ltd. recently signed on-site contracts with representatives appointed by the heads of four enterprises, including Institute, Baojian Institute, Supervision Company and Jinxiu City Company, and the executive partners of four enterprise employee stock ownership platforms. It is reported that the joint mixed reform of four state-owned enterprises in Baoan is the first mixed ownership reform of "full chain enterprise packaging+introduction of strategic investors+management and core backbone shareholding" in China, which has created a precedent for the mixed reform of state-owned enterprises at the county level.
In addition, the State-owned Assets Supervision and Administration Commission of Fuzhou recently issued the "Operational Guidelines for Mixed Ownership Reform of Funded Enterprises", which further standardized the relevant workflow and was conducive to promoting the in-depth development of state-owned enterprise reform.
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Four new highlights have emerged.
According to the data of Beijing property rights transaction, since 20021,127 central and local state-owned enterprises have implemented mixed reform through the North Stock Exchange, and introduced social capital of 7171300 million yuan, a year-on-year increase of 36.22%. Among them, there are 22 mixed reform projects in seven key areas, such as electric power, petroleum, railway and military industry, and social capital of 4163.9 million yuan has been introduced, with a year-on-year increase of 367.44%. Since the beginning of this year, 40 new energy and "double carbon" mixed reform projects have been traded through the Beijing Equity Exchange, accounting for more than 30%, and social capital has been introduced to 42.729 billion yuan, up 4 1.85% year-on-year.
Song believes that the three-year mixed reform of state-owned enterprises is coming to an end, and the implementation of the reform goals of state-owned enterprises will be assessed. At the end of this year or early next year, the incremental mixed reform of state-owned enterprises may be carried out around major national strategies, such as carbon neutrality at the peak of carbon dioxide emissions, new energy and energy storage facilities. Next year, the mixed reform of central enterprises may present four new points of view: expanding foreign cooperation and opening up, deepening ecological protection to achieve the goal of "double carbon", innovating modern management system and new business model, and upgrading technology to promote the supply chain of industrial chain to supplement, extend and strengthen the chain.
"The mixed reform will speed up at the end of the year." Liu Xingguo, a researcher at the Research Department of china enterprise confederation, said that in terms of quantity, from the early pilot to the comprehensive promotion, more enterprises will start mixed reform; From a deeper perspective, the mixed reform will shift from mixed capital to mixed reform mechanism, and will shift from single mixed reform to comprehensively promoting various reforms around mixed reform; From the path, we can attract non-public capital from the current state-owned enterprises, and turn to the state-owned enterprises to actively participate in the mixed reform with private enterprises as the main body.
Xi Jiasheng, an expert on state-owned assets and state-owned enterprises, believes that the active mixed reform of state-owned enterprises should take capital securitization as an important direction. Through capital securitization, promoting more state-owned capital to be concentrated in listed companies can greatly improve the liquidity and value-added ability of state-owned capital. It is necessary to make full use of the multi-level capital markets such as the main board, the Growth Enterprise Market, the science and technology innovation board and the newly established North Exchange to promote the standardization of corporate governance, and establish a standardized governance mechanism and an incentive and restraint mechanism through the capital market to promote the mixed reform enterprises to improve their operational efficiency.