Undertake the main operation of state-owned capital;
(1) Capital management. As financial investors, social security funds and wholly state-owned companies in all provinces (autonomous regions and municipalities) enjoy the right of income and disposal of state-owned shares, do not interfere in the daily production and operation management of enterprises, and generally do not send directors to enterprises. When necessary, directors may be sent to the enterprise upon approval.
For the allocated state-owned shares, the social security funds of all provinces (autonomous regions and municipalities) and wholly state-owned companies shall, in principle, fulfill the obligation of locking-in period of more than three years and inherit other obligations of the original shareholders. During the lock-up period, if the relevant enterprises involved in the transfer go public, they shall inherit the obligations of the original shareholders during the lock-up period.
(2) Revenue management. For the incorporated state-owned shares, the income of social security funds and wholly state-owned companies in various provinces (autonomous regions and municipalities) mainly comes from equity dividends. Social security funds and wholly state-owned companies in all provinces (autonomous regions and municipalities) can also obtain benefits through state-owned capital operation with approval, except for enterprises required by the state to maintain special shareholding ratio or requirements.
Transfer steps:
Complete the handover work in accordance with the principle of pilot first, hierarchical organization and steady progress.
The first step is to select some central enterprises and some provinces for pilot projects in 20 17. Central enterprises include three to five central management enterprises supervised by SASAC the State Council and two central financial institutions. The transfer of pilot provinces shall be organized and implemented by the people's governments of relevant provinces (autonomous regions and municipalities).
The second step is to transfer the state-owned shares of other qualified enterprises run by central management, central administrative institutions and central financial institutions in batches from 20 18 and thereafter, and complete the transfer as soon as possible. The people's governments of all provinces (autonomous regions and municipalities) are responsible for organizing and implementing the transfer of state-owned shares of local state-owned enterprises.