Measures of the State Planning Commission and the Ministry of Finance for the Implementation of Converting the Principal and Interest Balance of Central Capital Construction Management Funds into State Capital 1. The balance of principal and interest of central-level capital construction working capital (hereinafter referred to as central-level working capital) as mentioned in these Measures refers to the paid part of capital construction investment in the national budget arranged by the central government from the end of 1989 to the end of 1996. Including 1989 to 1994 national infrastructure fund loans arranged by various departments, entrusted loans of national investment companies arranged by the former six major national professional investment companies, 1994 to 1996 Ministry of Finance and central competent departments (companies), and financial departments of provinces (autonomous regions, municipalities directly under the central government and cities with separate plans). After deducting the repaid and transferred principal and interest, the balance of principal and interest from the date of loan use to199765438+February 20th. Special funds and loans for replacing oil with coal are not within the scope of these measures. Second, after the balance of principal and interest of central-level operating funds is converted into state capital, it is regarded as the state's investment in enterprises, and the determination of its investors is handled in the following ways.

(1) The balance of principal and interest of the central-level operating funds used by the company and its affiliated enterprises officially authorized by the State Council to exercise the investor's rights shall be converted into the authorized company's capital, and the authorized company shall exercise the investor's functions.

(2) The state has clearly transferred the creditor-debtor relationship to the central-level operating funds of the State Development and Investment Corporation, China Energy Conservation Investment Corporation, China Hi-tech Textile Investment Corporation and China Electromechanical Export Products Investment Corporation, and transferred them to the capital of these four companies respectively, and these four companies will exercise the functions of investors.

(3) After the balance of principal and interest of the central-level working capital used by the central enterprise group and its subordinate enterprises is converted into state capital, the core enterprises of the enterprise group will be the investors.

(IV) After the balance of principal and interest of the central-level operating fund arranged by the department is converted into state capital, in principle, the relevant ministries and commissions, directly affiliated institutions and industrial companies in the State Council (excluding the merged ministries and companies in this institutional reform) will be the investors before the state defines the investors.

(5) The former Special Investment Office of the head office of China Construction Bank is responsible for local projects and the balance of principal and interest of central-level operating funds signed by the Ministry of Finance and the financial departments (bureaus) of provinces (autonomous regions, municipalities directly under the Central Government and cities under separate state planning). After clearing the accounts, all the creditor's rights and debts will be handed over to local governments and treated as state-owned assets managed at the local (provincial) level. Matters related to the transfer of state-owned capital shall be determined by the local authorities with reference to the measures of the central authorities.

(six) the balance of principal and interest of the central-level operating funds that do not belong to the above scope and are the funders shall be determined separately at the time of examination and approval. 3. In order to simplify the procedures and speed up the examination and approval, please ask the head office of China Construction Bank to report the detailed account of principal and interest balance of central-level operating funds as of June 20 1997 to the Ministry of Finance before June 1998; The finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning are responsible for providing one-time subsidies to local projects hosted by all investors (special investment offices); If the investor is not clear, the State Bureau in charge of the State Council, the centralized department or the ministries and commissions shall be responsible for reviewing and summarizing the materials submitted by the enterprise, and submit the application report for converting the principal and interest balance of central-level operating funds into state capital to the State Planning Commission (2 copies) and the Ministry of Finance (2 copies) for approval before June 30 1998. Among them, from 1994 to 1996, the balance of principal and interest of central-level operating funds signed by the Ministry of Finance and the central competent departments (companies) and the financial departments (bureaus) of provinces (autonomous regions, municipalities directly under the central government and cities with separate plans) shall be examined and approved by the Ministry of Finance separately. Four, the enterprises (construction projects) should be in June 15, the investors (special investment room) escrow lump sum subsidy local projects, reported to the provinces, autonomous regions, municipalities directly under the central government and cities specifically designated in the state plan planning commission and the Department of finance, bureau; If the investor is not clear, it shall be reported to the competent department of the State Council or the State Bureau under the management of ministries and commissions) and submitted to the central-level operating fund for transferring the balance of principal and interest to the state capital. Materials include:

(1) Application report.

(2) Balance of principal and interest of central-level operating funds from the loan date to1997 65438+February 20th issued by China Construction Bank.

(three) the use and return of the central operating fund and the balance of principal and interest (see table).

(4) All enterprises that have been restructured shall provide the preliminary opinions of the shareholders' meeting on the transfer of the principal and interest balance of central-level working capital into share capital and re-allotment. Five, local and central * * * with investment in state-owned enterprises, the central level operating fund principal and interest balance into national capital, in principle, the provincial people's government will be required to the corresponding local level operating fund principal and interest balance into national capital, and managed by the corresponding investors. 6. If an enterprise that is going through or preparing to go through merger, sale or bankruptcy procedures still has the principal and interest balance of central-level working capital, it shall go through the relevant procedures for transferring the principal and interest balance of central-level working capital to state capital before going through the merger, sale or bankruptcy procedures. Seven, approved by the financial department formally implement enterprise management, and according to the "general principles of enterprise finance" and "accounting standards for enterprises" to implement financial management and accounting institutions, mutatis mutandis, the practice of state-owned enterprises, the central operating fund principal and interest balance into national capital; The balance of principal and interest of central-level operating funds of institutions that have not implemented enterprise management has been converted into state funding.