Nanjin to Sell 80% of State-owned Shares of Small-and-medium SOEsThe industrial enterprises in Nanjin will carry out property rights reform on a big scale to speed up the withdrawal of state-owned stock shares from small-and-medium state-owned enterprises (SOEs). By the end of this year, over 90% of S&M SOEs will wind up the system transformation and 80% of state-owned shares will quit from them.The goal of this reform is as follows: 80% of large SOEs are going to establish a framework of modern corporate system. Over 90% of S&M SOEs will realize in creating a new system through the transformation by way of restructuring, collective business, annexation, leasing, contracting business, cooperative shares holding, auction so that 80% of state shares will step down from S&M SOEs. In order to carry on the work smoothly, the Nanjin Municipal Government brought up the Suggestions on Property Rights Reform of SOEs last April. Specific stipulations as to a series of difficult problems were dealt with, such as how to transfer the working status of the employee, and how to quit the state property rights. The property rights reform as informed is now under way in some areas and counties under the municipality. Among them, the system transformation of township and village enterprises in Gaochun county have all been brought to a finish and 71 out of 76 county-subordinated enterprises have realized the withdrawal of state-and-collective-owned assets from competitive fields by means of net assets auction and selling. The various industry groups and key enterprises will also strengthen the reform recently by sorting out a batch of S$M enterprises for completing the system transformation before September. |
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