Wholly state-owned company:
The State Council or the local people's government authorizes the state-owned assets supervision and administration institution of the people's government at the corresponding level to perform the responsibilities of the investor.
State-owned holding company:
The government invests in enterprises with state-owned capital, obtains controlling rights, and formulates major policies of enterprises by participating in the board of directors, but does not directly participate in business activities.
2. Different conditions for establishment
Wholly state-owned company:
The establishment of a wholly state-owned company shall conform to the conditions and procedures for the establishment of a limited liability company as prescribed by law. Article 23 of the Company Law stipulates that the establishment of a limited liability company shall meet five conditions. Shareholders meet the statutory requirements such as subject and number; Shareholders' capital contribution reaches the minimum statutory capital; Formulate the articles of association of the company; Having a company name and establishing an organization meeting the requirements of a wholly state-owned limited liability company; Having a fixed production and business operation place and necessary production and business operation conditions.
State-owned holding company:
The state holding company shall be a special enterprise legal person established by the state with independent investment, approved by the State Council, exercising the owner's rights over state-owned assets within the scope of authorization, engaging in asset management activities mainly by holding shares, and registered according to law. Such companies are not allowed to declare bankruptcy. When the company is liquidated, if the net assets are insufficient to pay off the debts, the insufficient part shall be borne by the State Council.
The main business should conform to the national industrial policy, and the industry should occupy a very important position in the national economy; Its net assets and total assets should reach a certain scale. There should be clear requirements and regulations on the approval documents, including articles of association and business scope. The corporate governance structure of a company is also different from that of a general company. You can implement the general manager responsibility system, set up a party group and send a board of supervisors to the State Council.
3. Different management systems
Wholly state-owned company:
Wholly state-owned enterprises are funded by the government, subordinate to the government, and the factory director (manager) appointed or elected by the government and approved by the government is responsible, paying attention to the subordinate relationship; Under the guidance of the modern property rights system with clear property rights, clear rights and responsibilities, strict protection and smooth circulation, a wholly state-owned company establishes a clear modern state-owned property rights management system with assets as the link.
State-owned holding company:
The enterprise system of a state-owned holding company not only has all the characteristics of a general modern enterprise system, but also conforms to the following basic principles: safeguarding shareholders' rights and interests is conducive to state holding; Improve and strengthen the party's leadership; Give priority to efficiency, give consideration to fairness, and implement various forms of distribution with distribution according to work as the main body; Strengthen the status of workers as masters and generally participate in democratic management.
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