Reason:
1, because under the traditional planned economy system, the state-owned economy has an absolute advantage in the national economy, and state-owned assets are spread all over all walks of life, and the stock of assets is huge. The strategic adjustment and reorganization of the state-owned economy needs a process, so it is common that a certain number of state-owned shares exist for a long time in many industries.
2. In order to increase the income of state-owned assets and pay more fiscal revenue for the country, the state-owned assets management department can also invest in some competitive industries with good economic benefits and compete fairly with other economic sectors. In state-owned enterprises, representatives of state-owned property rights enter the board of directors and the board of supervisors according to law, participate in major production and operation decisions of enterprises, elect the chairman of the board of directors, select enterprise operators, and safeguard the legitimate income of state-owned property rights.
Legal basis:
Interim regulations on the supervision and administration of state-owned assets of enterprises
Article 22 The state-owned assets supervision and administration institution shall, in accordance with the provisions of the Company Law, send shareholders' representatives and directors to attend the shareholders' meeting and the board of directors of state-owned holding companies and state-owned shareholding companies.
When the shareholders' meeting and the board of directors of a state-holding company or a state-holding company decide on major issues such as division, merger, bankruptcy, dissolution, increase or decrease of capital, issuance of corporate bonds, appointment and removal of enterprise leaders, the shareholders' representatives and directors sent by the state-owned assets supervision and administration institution shall express their opinions and exercise their voting rights according to the instructions of the state-owned assets supervision and administration institution.