The two entities involved in this merger are China Putian and China Electric Power Branch. Although the plan still needs the approval of the relevant authorities, as long as the plan is implemented, a communications giant will be ready to emerge.
Among them, China Putian is a central enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council, and its main business is communication manufacturing, industrial electronic information application, radio and television communication and informatization.
China Electronics Technology Group Co., Ltd. is an important state-owned backbone enterprise directly managed by the central government, shouldering the responsibility and mission of serving national defense modernization and supporting the development of digital economy. It is the only large-scale science and technology group covering all fields of electronic information in China.
Peng, secretary-general and spokesman of the State Council State-owned Assets Supervision and Administration Commission, said at the press conference of the State Council Office that in the next step, the State Council State-owned Assets Supervision and Administration Commission will support central enterprises to speed up the layout optimization and structural adjustment of state-owned capital according to the principle of marketization, focusing on strategic security, industrial leadership, national economy and people's livelihood, and public services.
In this regard, some analysts believe that the merger and reorganization of state-owned enterprises is not only conducive to enhancing the competitiveness of enterprises, but also conducive to enhancing industry concentration.
At the same time, through strategic cooperation, it will also promote the mixed reform of state-owned enterprises, even through the operation of asset securitization, promote the listing of enterprises and other reforms, and better support the economic development of China.
As for the merger of China Putian and China Electric Power Branch, it will help to integrate the superior resources of the two central enterprises, build a super aircraft carrier in the fields of communication and electronics, benchmark the international first-class level and enhance international competitiveness. In addition, after the merger and reorganization, the concentration of the industry will rise, which is a good thing for industry leaders to increase market share, while for small companies, there is a risk of being annexed and cleaned up. ?