Measures for the administration of state-owned holding companies

State-owned enterprises are the dominant players in the national economy controlled by the state. In the socialist market economy, as stakeholders, they abide by national laws and participate in market competition in accordance with the articles of association of enterprises, and are not interfered by other non-economic factors. State holding companies are managed by referring to large companies based on private property rights, mainly in the following ways:

1, legal norms of enterprise organization and its behavior;

2. State equity representatives, legal persons (such as other state holding companies, collective Economic legal and various social organizations) equity representatives, directors and supervisors restrain enterprise behavior from within the enterprise;

3. Democratic supervision and management of enterprises by enterprise party organizations and trade unions (mainly through employee directors and supervisors);

4. Macroeconomic regulation, market management and administrative management of governments at all levels indirectly constrain the behavior of enterprises from the outside.

According to the principles of wide financing, deep cross-cutting, reasonable regional distribution and industry characteristics, and appropriate proportion of state shares, legal person shares and individual shares, state-owned holding companies have broken the regional industry restrictions and gradually developed into large-scale multinational group companies with their own characteristics and strong competitiveness by holding several state-owned enterprises relatively. When establishing state-owned holding companies, the representative offices of state-owned capital should pay attention to the fact that state-owned capital mainly flows to large-scale backbone enterprises in pillar industries of the national economy such as finance and insurance, basic (industrial) energy, transportation information, high-tech and cutting-edge technology, and at the same time, it is not allowed to restrict state-owned holding companies from entering various fields of social economy according to their own business strategies. There is no need to artificially force "the country to retreat and the people to advance". What can be decided by the market should be decided by the market.