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ProgramsThursday, 03/10/2005, 08:35

Program for state-owned enterprise consolidation and restructuring

To speed up the consolidation, restructuring and equitization process of State-owned enterprises (SOEs) and work out the most suitable model of State-owned corporation.
PROGRAM FOR STATE


PROGRAM FOR STATE-OWNED ENTERPRISE CONSOLIDATION AND RESTRUCTURING


Objectives:
- To speed up the consolidation, restructuring and equitization process of State-owned enterprises (SOEs) and work out the most suitable model of State-owned corporation. Separate the function of managing business operations of SOEs from the administrative function of State bodies.
- To concentrate on extending the production and trading operations of SOEs in line with the city�s development orientation in order to consolidate the leading role of the State sector.
- To improve the performance of SOEs; maintain and enlarge State capital; create a significant change in the management and production capability of city-run SOEs.

Contents:
- To assess the performance of SOEs run by the city and district governments as well as the results of the consolidation, restructuring and equitization process over past years.
- To identity fields, sectors and levels where State ownership is maintained; draw up a list of categorized SOEs, and put forward measures to consolidate, restructure or change ownership forms.
- To assess the State-owned corporation model in terms of efficiency, management approach and finance; work out consolidation and restructuring plans for corporations run by the city.
- To come up with new mechanisms, policies and measures to consolidate and develop SOEs and an effective capital management mechanism for each SOE.

 


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