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State-owned Assets Supervision And Reform To Clarify The State-owned Assets Supervision And Administration Of The List.
Mar 05, 2018

In 2018, the reform of the domestic regulatory system with capital management will accelerate, and the reform of state-owned assets, which is expected to be dominated by the authorized management system, will become the "cow nose" of the new round of reform.


It is worth noting that, in recent days, the state-owned assets supervision and administration commission (sasac) has recently issued or is in the process of formulating a list of regulatory powers and responsibilities, in which investment supervision and financing supervision have a tendency to increase.

People in the industry expect that the scope of delegated power and authorization will be further refined and expanded after the issuance of the list of national regulatory powers and responsibilities.


Recently, Beijing, chengdu, hefei and other places have issued a list of supervisory powers and responsibilities of sasac investors, which has accelerated the pace of the reform of state-owned assets supervision.

According to the state-owned assets supervision and administration commission of chengdu recently disclosed information, the state-owned assets supervision and administration commission of chengdu in has carried on the comprehensive combing to sponsor regulation after listing sponsor supervision power, 2018), the investor supervision responsibility list 2018 edition, the investor service list 2018 edition "three list".

After the issuance of the list, the state-owned assets supervision and administration commission of chengdu will implement the "list" management of enterprises, and the items listed in the list shall be subject to supervision and responsibility, and the items not included in the list shall be determined by the enterprises in principle.

In this list the investor supervision responsibility, the reporter noticed that there are eight matters of investment and financing in the 30, including domestic and overseas investment, enterprise investment and financing and loan and guarantee management system, and the list of accountability for circumstances make that clear.


Beijing municipal sasac published by the Beijing municipal sasac funders regulatory authority and responsibility list is according to the regulatory planning and investment, capital operation and revenue management, reform and reorganization, the board construction, property management, performance appraisal and compensation management, financial supervision, the supervision and inspection of the order, "Beijing sasac funders regulatory authority and responsibility list contains the municipal sasac to perform the" decision ", "approval", "review", "approved" and the "regulation" and other five kinds of power and responsibility, a total of eight categories 31 events.


Mr Xiao, director of the state-owned assets supervision and administration commission of the state council had stressed in the article the deepening reform of state-owned enterprises, the reform of state-owned capital authorization management system, accelerate the business centralized and unified regulation of state-owned assets.

Is given priority to with tube capital deepen the change of the state-owned assets regulatory function, accurately positioning sponsor duties according to law science define boundaries of state-owned capital ownership and management rights, establish a list of regulatory powers and responsibilities list.

We will change the way of administrative supervision, improve the assessment system and measures, implement the responsibility for maintaining and increasing the value of the value of the system, and improve the timeliness, pertinence and effectiveness of supervision.


Zhou xiaosheng, vice President of the China enterprise reform and development research institute, said that with the release of the list of national regulatory powers and responsibilities, supervision will be more intense and more targeted.

Hu chi, a researcher at the state-owned assets supervision and administration commission of the state council, also said that after the issuance of a list of national regulatory powers and responsibilities, supervision will be more detailed and there will be a lot of new content.

For example, in the investors in the Beijing sasac regulatory powers and responsibilities list, reporter saw performance appraisal and compensation management section, specially is the state holding listed companies, state-owned enterprises equity and dividend incentive plan the content of the examination and approval.


According to li jin, chief researcher of the China enterprise institute, the reform of the company system in 2017 will bring new opportunities for the regulation of "capital management" this year.

"The reform of the corporation system reform is an important part of the reform of state-owned enterprises.

But for a long time, is limited by the mechanism of state-owned enterprises, state-owned assets supervision is very difficult to get breakthrough on 'tube capital, state of the company system reform as the' tube capital as the main regulatory path paved the way."

For a long time, the reform of state-owned enterprises has been dragged down by the reform of state-owned assets. The competent authorities have become the subject of reform, and the enterprises have become the executor. The enterprises often cannot decide their own reform fate.

In 2018, with the reform of state-owned assets, it is the crux of the problem and the "cow nose" of soe reform.


The transformation of state-owned enterprises into the state capital of value form is the first step to promote the transformation of the functions of the state-owned assets supervision and administration institutions. The key is to "let" and "grant" the right to operate.

In April 2017, the general office of the state council forwarded the transformation plan of the state-owned assets supervision and administration commission of the state council to promote the transformation of functions, which strengthened the functions of the three administrative departments and streamlined 43 regulatory matters.

Among them, 8 items are authorized, which cover the issues such as staff selection, performance appraisal, salary management and the approval of employees' salary.

Edmond lee said in 2018, is bound to speed up the reform of state-owned capital authorization management system, state-owned assets management system is to establish three layers framework, the power granted to investment companies, management companies and entities, the formation of the relevant company will surround.


"Now, to explore, not only the above will not authorize, but also the middle will not accept the right."

Mr Li said the aim of setting up a state-owned investment operation company was to set up an insulating layer between the government and the company to avoid direct intervention by the former.

In practice, however, quite a number of platform company is set up by government economic management departments, trade company restructuring, administrative colour not eradicate, can't completely according to the demand of the market, how to solve this problem, is one of the stories of soe reform in 2018.