"North-South Ship" Strong Alliance
According to Zhou, a researcher at the Research Center of the State-owned Assets Supervision and Administration Commission, there are three main directions for the merger and reorganization of state-owned enterprises, especially central enterprises:
First, horizontal inter-bank merger. Such as baowu merger, north-south car merger and so on. Its purpose is to improve concentration, resolve excess capacity, exert scale effect and improve the competitiveness of central enterprises. At the same time, it also includes the merger and reorganization of "strong and weak", such as the merger of CTS in Hong Kong and CTS in China.
Second, vertical industrial chain upstream and downstream merger, or cross-industry merger by using capital operation companies. For example, the main purpose of the merger of Shenhua Group and Guodian Power is to become bigger and stronger, play a synergistic role or promote transformation and upgrading.
Third, * * * is based on business characteristics. For example, China Mobile, China Unicom and China Telecom jointly established the Tower Company, which saved a lot of land resources and investment. Through reorganization, central enterprises have concentrated resources on superior enterprises, revitalized their stocks, reduced horizontal competition and redundant construction, and optimized the layout of state-owned capital and resource allocation.
The merger of "North-South Ship" obviously belongs to "strong alliance". According to Li Jin, the chief researcher of China Enterprise Research Institute, the merger of "North-South Ship" will not be a simple institutional merger, but will focus on layout adjustment and strategic reorganization. By combing the industrial chain, the capacity scale after reorganization will not be expanded, but the controllability of deployment will be increased, which is more conducive to being superior and strong and realizing complementary advantages.
Recombination releases more vitality
What effect will the reorganization have? From the practice of related enterprises, targeted integration is obviously helpful to gather advantages and release vitality.
In recent years, China Baowu Iron and Steel Group has actively built an intelligent remote center, researched and developed advanced steel slag treatment purification and dust removal technology, explored and studied intelligent unmanned factories and other technologies, and adopted intelligent manufacturing concepts such as digital design, unmanned workshop and remote monitoring to upgrade a more competitive green intelligent roller slag treatment system. At present, the system has obtained 75 patents and 15 technical secrets, and with revolutionary technology and all-round services, it has been successfully promoted and applied in well-known domestic and foreign steel enterprises such as Dongfang Special Steel, Hangang, Jiugang, South Korea's Posco, India's JSW Company, India's Tata Company and Brazil's CSP Company, and its good environmental benefits have been recognized by all sectors of society and won the recognition of users and markets.
CRRC, which was formed by the merger of China South Locomotive and CNR, has now become a world-renowned innovative enterprise. In July this year, the intelligent tram developed by CRRC of China went out to sea for the first time in Qatar, the venue of the 2022 World Cup, and was tested in extremely hot environment, so as to adapt to the local complex and extreme climate conditions, meet the local traffic demand and help improve the quality of national transportation in Qatar.
"Under the new situation of increasingly severe resource and environmental constraints and fierce international industrial competition, we must earnestly promote enterprise merger and reorganization, deepen enterprise reform, promote the optimization and upgrading of industrial structure, accelerate the transformation of development mode, improve the quality and efficiency of development, enhance our ability to resist international market risks, and achieve sustainable development. By promoting the merger and reorganization of enterprises, deepening the reform of system and mechanism, we will improve the basic economic system of "public ownership as the main body and multiple ownership economies developing together." Zhou said in an interview with reporters.
Make it stronger and better, and enlarge state-owned capital.
"Explore various forms of public ownership, promote the layout optimization and structural adjustment of the state-owned economy, develop a mixed-ownership economy, enhance the competitiveness, innovation, control, influence and risk resistance of the state-owned economy, and make it stronger, better and bigger. Deepen the reform of state-owned enterprises and improve the modern enterprise system with China characteristics. " The Decision of the Central Committee of the Communist Party of China on Upholding and Perfecting the Socialism with Chinese characteristics System and Promoting the Modernization of the National Governance System and Governance Capacity, adopted by the Fourth Plenary Session of the 19th Central Committee, clearly expounded the starting point and foothold of the reform of state-owned enterprises.
Since the beginning of this year, in addition to the integration of state-owned enterprises themselves, under the background of state-owned enterprise reform, a wider range of restructuring has also been carried out in an orderly manner. According to the latest data, as of June 25th, 165438, excluding M&A transaction failure cases, more than 400 listed state-owned enterprises participated in M&A transactions this year, up nearly 1% year-on-year. Many experts said that whether it is the merger and reorganization between state-owned enterprises or the reform of mixed ownership, the ultimate goal is to make state-owned capital stronger and better.
Zhou said that in order to implement the important spirit of the Fourth Plenary Session of the 19th Central Committee, we should accelerate the reform of mixed ownership in the future and make state-owned capital stronger, better and bigger in the market. This means that the merger and reorganization of state-owned enterprises will not stop and the reform will continue to deepen. Li Jin believes that in the future, China is expected to actively promote professional integration in the fields of electric power, non-ferrous metals, steel, offshore equipment, environmental protection and duty-free goods. "It can be said that the merger of' North-South Ship' will provide a useful reference for the restructuring of state-owned enterprises in other industries."