Without the consent of SASAC, enterprises may not invest in futures or entrust financial management.
Recently, the State-owned Assets Supervision and Administration Commission of Guangdong Province issued the Interim Measures for the Supervision and Administration of Investment of Provincial Enterprises in Guangdong Province to tighten the investment behavior of provincial state-owned enterprises, and it is strictly forbidden to increase investment in enterprises that are insolvent and have no hope of turning losses. Without the consent of the provincial SASAC, enterprises
The industry shall not engage in high-risk businesses such as futures investment and entrusted wealth management.
The Provincial State-owned Assets Supervision and Administration Commission emphasized that this method mainly regulates the following investment activities: investment in fixed assets such as capital construction and technological transformation; Foreign investments such as the establishment of wholly-owned subsidiaries, mergers and acquisitions, joint ventures and cooperation, equity swap, and additional investment in invested enterprises; Financial investments such as securities investment, futures investment and entrusted wealth management.
The State-owned Assets Supervision and Administration Commission of Guangdong Province requires that the investment activities of enterprises should conform to the national and provincial development plans, industrial policies and enterprise development strategies and plans, and the expected investment income should not be lower than the domestic average level of the same industry in the same period.
According to the regulations, in order to prevent investment risks, it is strictly forbidden to increase investment in enterprises that are insolvent and have no hope of turning losses; It is forbidden to cooperate with enterprises with poor credit standing, poor asset quality or obvious lack of investment ability; Strictly control investment projects unrelated to the main business; Without the consent of SASAC, enterprises may not carry out high-risk businesses such as futures investment and entrusted wealth management; In the case of acquisition, merger and non-cash foreign investment, enterprises should strictly do audit evaluation and due diligence.