V. Improve Allocation and Operation Efficiency of State-owned Assets
a. A sound layout and a structural adjustment mechanism for state-owned assets shall be built. Relevant government departments with public management functions shall make and improve economic and social development plans, industrial policies and profits management rules of state-owned assets. Supervision and administration agencies of State-owned assets shall implement the overall requirements of industrial policies and major industrial layout adjustments, build an improved and flexible mechanism for state-owned assets and make a negative list of state-owned assets, aiming to promote the state-owned assets involved in key fields such as strategic emerging industry, modern service sector, and infrastructure so as to vigorously enhance functions and efficiency of state-owned economy. Strategic plans shall play a leading role in enterprises’ development, with one pillar industry and controllable diversified development. Dynamic adjustment shall be taken to improve the management on enterprises’ positioning, investment and merger. We shall follow market mechanism, regulate stocks, and allocate increments scientifically so as to accelerate the optimization of state-owned assets structure.
b. The optimization and reorganization of state-owned assets shall be advanced. Enterprises directly under the local government shall deepen restructuring and integrating resources adhering to market as the orientation, and improve profitability and competitiveness of core business to make pillar industries stronger and better with high quality and efficiency. We shall build an improved market exit mechanism, to select the superior and eliminate the inferior through cleaning, reorganization and innovation; speed up eliminating backward production facilities, reduce overcapacity, handle assets with poor performance, and carry forward the cleaning of “zombie enterprises”. State-owned enterprises shall accelerate innovation of technology, management and business mode. We shall make development plans for municipal state-owned enterprises of mixed ownership economy, and choose some enterprises as pilots to carry out mixed and employee-owned ownership, which is aimed to promote multiple reforms of enterprises’ ownerships. Meanwhile affiliated companies under the groups are encouraged to attract more capitals to optimize ownership structure and transform operational mechanism.
c. We shall improve the profits management system of state-owned assets. Finance departments and supervision and administration agencies of state-owned assets shall cooperate to set up an operational budget system, managed at different levels, of all state-owned enterprises. The gains-paid proportion of state-owned assets will be increased year by year and gains-paid proportion of Nanning enterprises solely owned by the state will be raised up to 20% by 2019. We shall improve the balance between state-owned assets operating budget and general budget, increasing the percentage of the former up to above 30% by 2020. The state-owned assets operational budget shall be used only in solving historical issues, expenditures of relevant reforms, investment into state-owned enterprises and policy subsidies of state-owned enterprises, as well as transferred into general budget and social security fund supplementation.