The main contents of the Interim Measures for the Administration of State-owned Enterprises' Share Participation
1. Scope and objectives of equity management: the applicable scope of equity management of state-owned enterprises is defined, including the behavior of state-owned enterprises participating in shares and holding other enterprises. At the same time, the method clarifies the goal of equity participation, that is, to protect the safety of state-owned assets and improve the operational efficiency of state-owned capital.
2. Principles and basic requirements of equity participation management: The Measures stipulate the principles and basic requirements of equity participation management, including compliance management, controllable risks, fairness and justice, and transparent information. These principles and requirements provide clear guidance for state-owned enterprises to participate in business operations.
3. Procedures and authorities of equity participation management: The Measures clarify the procedures and authorities of equity participation management, including equity participation decision-making, approval procedures and risk assessment. These regulations are designed to ensure the legality and compliance of equity participation.
4. Supervision and accountability of equity participation: This method emphasizes the supervision and accountability mechanism of equity participation, including the supervision responsibilities of state-owned assets supervision and administration institutions and the requirements of internal control and risk management of state-owned enterprises.
5. Other related matters: The Measures also stipulate information disclosure requirements and division of responsibilities of state-owned enterprises.
The implementation and effect evaluation of state-owned enterprises' equity participation management policy is an important topic. The implementation of this policy aims at promoting the cooperation between state-owned enterprises and other market entities, and improving the market competitiveness and operational efficiency of state-owned enterprises. In the process of implementation, the government has strengthened the supervision and management of joint-stock enterprises, ensuring the security and stability of state-owned capital. At the same time, the policy also provides more development opportunities and market access conditions for joint-stock enterprises. Through the evaluation of the implementation of the policy, we can understand the influence and effect of the equity management policy on state-owned enterprises. The evaluation results will help the government to further improve policies, improve the competitiveness and profitability of state-owned enterprises, and promote sustainable economic development.
Legal basis:
Law of People's Republic of China (PRC) on State-owned Assets of Enterprises;
Chapter VIII Legal Liability Article 68 If an institution that performs the duties of an investor commits any of the following acts, the directly responsible person in charge and other directly responsible personnel shall be punished according to law: (1) failing to appoint or propose to appoint the manager of a state-funded enterprise in accordance with the statutory qualifications; (two) occupation, interception, misappropriation of state-funded enterprise funds or state-owned capital gains that should be turned over; (three) in violation of statutory authority and procedures to decide on major issues of state-funded enterprises, resulting in the loss of state-owned assets; (four) there are other acts that do not perform the duties of the investor according to law, resulting in the loss of state-owned assets.