State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level and enterprises formed by investment step by step under the supervision of central and local state-owned assets supervision and administration institutions and other departments.
State-owned enterprises have ownership or control over their capital, and the will and interests of the government determine the behavior of state-owned enterprises. State-owned enterprises are the backbone of national economic development and the pillar of Socialism with Chinese characteristics. ?
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The basic characteristics of state-owned enterprises:
1. Although state-owned enterprises engage in production and operation for profit, they also have non-profit purposes, or not for profit. State-owned enterprises should implement the national planned economic policy and undertake the functions of national economic management. For some important industries and products, it is necessary or even more necessary for the state to invest in starting enterprises, knowing that they will not be profitable in a certain period of time.
2. Although a state-owned enterprise is an organization, it only or mainly contributes to the state. This is different from partnership enterprises, cooperative enterprises, general companies and private enterprises. As an enterprise investor, the state generally does not directly carry out specific investment management and business activities by the highest state organ, but follows the principle of "unified leadership and hierarchical management".
State-owned enterprises, like all other enterprises, must be established according to law, but their basis and applicable laws are different. State-owned enterprises are based on and apply the special law on state-owned enterprises formulated by the state, although many general provisions of the general enterprise law are also applicable.
Baidu encyclopedia-state-owned enterprise