The SASAC of the State Council recently held a video conference of central enterprises and local SASAC heads. The meeting summarized the work in the first half of the year and put forward new requirements for the key work in the second half of the year, especially for the reorganization of central enterprises and the integration of resources. What investment opportunities will there be in the new round of structural adjustment?
In this regard, Wang Tuosha, a financial commentator of the economic daily and China economic network, said in the "Sino Korean financial link" program of Shanghai and Hong Kong. "After the restructuring of state-owned enterprises, the whole performance has been greatly improved. Now, the engineering machinery, electricity, coal and other industries will usher in a relatively large wave of restructuring, especially the wave of reorganization." It is the second half of the year, the general rule is from our policy, the second half of the second half is a peak, so you can pay attention to this kind of company in the second half of the investment opportunities.
SASAC: who will restructure the five big areas of central enterprises in the new round of structural adjustment?
The SASAC of the State Council held a video conference of the central enterprises and local SASAC directors 17 days ago. The meeting summarized the work in the first half of the year and put forward new requirements for the key work in the second half of the year, especially for the reorganization of central enterprises and the integration of resources.
The conference proposed that the strategic reorganization of the central enterprises in the fields of equipment manufacturing, coal, electricity, communications and chemical industry should be steadily promoted in the second half of the year, and the state-owned capital should be further focused on the key industries, key areas and the dominant enterprises in line with the national strategy, leading the enterprises with dominant main industries to build new energy vehicles and the north. The cooperative development platform, such as bucket industry, large cruise ship and industrial Internet, will continue to promote the integration of coal, iron and steel, marine equipment, environmental protection and other fields, accelerate the professional integration of duty-free business, coal, wharf and so on, improve the efficiency of resource allocation, and deepen the internal reform of enterprises with the opportunity of reorganization and integration.
"The layout of state capital is in the process of a new round of structural adjustment. The central enterprises holding core technologies will have big moves." Some analysts think so.
Who will be reorganized in the five major areas
In the second half of this year, the central enterprises in the fields of equipment manufacturing, coal, electricity, telecommunications and chemical industry should be steadily reorganized. The central enterprises in these five fields deserve to be combed one by one.
In the first few days, the Deputy Secretary General of the SASAC, Peng Huagang, said at the national new press conference that the next step, the integration of central enterprises is around the national strategy, the restructuring of the group level, the structural reform of the supply side and the upgrading of the industrial transformation. Two is to promote the integration of the industry, which is the more emphasis on the integration of the SASAC in the last two years. The SASAC will continue to break the boundary of the enterprise through unpaid transfer, repaid reorganization and joint stock company, so as to break the enterprise boundary, promote professional integration and concentrate the scattered business to the enterprises with main industry; three, to accelerate the internal deepening reorganization of the enterprises, and strive for the exploration and summary experience in the existing trial enterprises, such as China building materials.
Specifically in the field of equipment manufacturing, state-owned enterprise reform experts told the Shanghai Stock Exchange reporter that the electrical, mechanical, automotive and other industries are more likely to reorganize the direction.
For example, the central enterprises in the field of electrical equipment, including Harbin electric group and China Eastern Electric Group, have been in the middle of the May 2016. In the field of automobile, the integration and adjustment of the three central enterprises, such as FAW Group, Dongfeng Automobile Group and military clothing group (the Changan automobile under the flag), are also the focus of the industry. In terms of personnel changes, FAW Group and Changan Motor Company in August 2017 changed hands. In May this year, FAW Group, Dongfeng Motor Group and Ordnance Group again welcomed a new round of top management job interchanges. Some analysts believe that this indicates the possibility of further consolidation of the strategic integration of the three car central enterprises.
There are three main enterprises in the field of chemical industry: China sinochemical Group Co., Ltd. (hereinafter referred to as "sinochemical group"), China Chemical Group Co., Ltd. ("China Chemical Group"), China Chemical Engineering Group Co., Ltd. ("Chinese Chemistry"). In July 13th, the SASAC announced that the director of Changning Gao Ning, director of China Chemical Group, was the chairman of China Chemical Group and the Secretary of the Party committee, and the former chairman of China chemical industry group retired. According to the insiders, the merger of China Chemical Group and Sinochem Group, which has repeatedly been rumored, is expected to be on the agenda.
In the near future, the restructuring of the coal industry has come to the ground. In May 8th, China Coal Group and Pauli group jointly signed the unpaid transfer agreement, and Pauli energy was transferred to China coal group without compensation.
There have been many restructuring in the field of electricity, including: CIC and national nuclear power (state electric investment group), Shenhua Group and state power group (State Energy Investment Group). At present, there are also Datang Group, Huaneng Group, Huadian Group, as well as China-Guangzhou Nuclear Power, China Resources Electric Power, State Investment Electric Power and so on. Li Jinceng, the chief researcher of the China Institute of enterprise research, said in an interview: "after the restructure of the Shenhua and Guodian group is determined, the possibility of the integration between the power enterprises of Huaneng, Datang, Zhongyang and Zhongguang nuclear power has become more likely."
In the field of communications, the SASAC announced in June 27th that the Wuhan Institute of post and Telecommunications Co., Ltd. and the telecommunications science and Technology Research Institute Co., Ltd. implemented a joint reorganization. After the reorganization, the two companies will be merged into the newly established China information and Communication Technology Group Co., Ltd. In the view of industry insiders, the "merger of similar items" between the two major telecommunications central enterprises will reshape the telecommunications industry structure and benefit the development of 5G after the integration of industry and resources.
