Is MCC a central enterprise?

The full name of MCC is China Metallurgical Industry Group Co., Ltd., and the State Council State-owned Assets Supervision and Administration Commission holds 0/00% equity of China Metallurgical Industry Group Co., Ltd., so MCC is a central enterprise.

MCC is a pioneer and builder of metallurgical industry in China, and has successively undertaken the construction tasks of major national iron and steel industrial bases such as Baosteel, Angang, WISCO and Pangang, and made outstanding contributions to the development of metallurgical industry in China. At the same time, MCC is the main force of national capital construction and overseas project contracting, and also an important real estate development enterprise. MCC Real Estate has a high brand awareness in China real estate market.

In order to stimulate the vitality of enterprises and enhance their competitiveness, China is carrying out the reform of state-owned enterprises, which needs to face the following problems:

(1) How to shrink the economy. After determining the reform goal, state-owned capital needs to withdraw from some competitive fields. However, in most cases, due to the existence of asset specificity, reformers must first solve the problem of realizing state-owned capital, otherwise they will not be able to quit smoothly.

(2) How to straighten out the organizational structure of enterprises. To do this, it is necessary to make potential enterprises grow into large enterprises and establish a reasonable new division of labor and cooperation system.

(3) How to solve a series of basic problems in the enterprise property right system. When carrying out modern enterprise reform, people tend to pay more attention to the change of organizational structure and ignore the role of basic capital market.