Strategic reorganization and professional integration of central enterprises: Sinochem was inaugurated

Original title: Sinochem unveiled the establishment of a central enterprise strategic reorganization and professional integration steadily advance

People's Daily Online, Beijing, May 9th (Huang Sheng) On May 8, Sinochem Holdings Co.

On March 31 this year, the official website of the State-owned Assets Supervision and Administration Commission of the State Council (hereinafter referred to as the "SASAC") disclosed that Sinochem and ChemChina implemented a joint reorganization after being approved by the State Council.

It is not only the “industrialization and industrialization” joint reorganization.

"On the whole, the results of the reorganization are very obvious.

Wu Gangliang, a researcher at the China Enterprise Reform and Development Research Institute, said that the speeding up of state-owned enterprises' divestiture of non-main and non-dominant industries is conducive to optimizing state-owned capital into important industries, key areas, and forward-looking, strategic, and emerging industries.

For the next step of strategic reorganization and professional integration of central enterprises, the relevant person in charge of the State-owned Assets Supervision and Administration Commission also pointed out that they will focus on functions such as strategic security, industry leadership, national economy and people’s livelihood, and public services, and support central enterprises in adopting reorganization and integration in accordance with market principles.

Wu Gangliang believes that the SASAC will also promote the reorganization and adjustment of central enterprises in the fields of steel and information this year, and guide enterprises to focus on national strategies for mergers and acquisitions.

An Guangyong, an expert member of the Credit Management Committee of the China Mergers and Acquisitions Association, said in an interview with People.

　　Wu Gangliang also suggested that the strategic reorganization of central enterprises should adhere to the principles of specialization and marketization, and prevent administrative "allocation" and "merging of similar items.

　　Some people in the industry also pointed out that steadily advancing the strategic reorganization and professional integration of central enterprises, optimizing the distribution of state-owned capital and industrial structure, aiming to "improve the core competitiveness of state-owned enterprises" and create a group of industry leading enterprises and technological innovation leaders , "Specialized, Specialized and New" champion enterprises and backbone enterprises of basic guarantee, better serve and support the major national strategies.