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At the national SASAC system planning and development work conference, when talking about the adjustment of central enterprises, Wang Xiaoqi said that the key for power generation companies is to adjust the central power asset structure, give priority to large-scale hydropower, nuclear power and other clean energy projects and large-scale hydropower, nuclear power, and large-scale coal-fired power. Bases and other important power projects; coal is mainly to increase production capacity and improve the central enterprises' control over coal production. In the telecommunications industry, the central state-owned enterprises should focus on controlling telecommunication infrastructure. When conditions permit, state-owned telecommunications operators can push for full-service operations, and telecommunications value-added services should form a competitive pattern for different investors. There are three types of adjustments in the business sector: companies with prominent main businesses and large scales can serve as the main bodies for resource integration in this area, and promote mergers and acquisitions. Firms with clearer main businesses and larger enterprises must conduct joint reorganization or entry into business. Large enterprise groups; a large number of other small and medium-sized enterprises, they must open up and invigorate through various channels and win the fittest in market competition.
Wang Xiaoqi stated that the "Interim Measures for the Administration of Major Investment of Central Enterprises" is still being further revised, mainly because there are differences of opinion among various parties, and there is still much work to be done to formulate an approach acceptable to all parties. He said that there are 13 central SOEs in the second batch of major businesses to be announced, which are still mainly in the major industries and key areas involving the national security and the lifeblood of the national economy; the confirmation of the third batch of central SOEs is also under preparation.
SASAC officials said: Central government will introduce restructuring guidance
Wang Xiaoqi, director of the Planning and Development Bureau of the SASAC, recently stated that this year it will further revise and improve the Interim Measures for the Administration of Major Investment of Central Enterprises and the Guidelines for the Post-evaluation of Central Enterprises' Fixed Asset Investment Projects, and proceed to draft the Administrative Measures for Overseas Investment of Central Enterprises. It will provide guidance on the restructuring and restructuring of 21 business segments such as petrochemicals and chemicals.