Experts say the turning point of State-owned enterprises is now transforming and upgrading imminent

Shaoning, deputy Director of SASAC, 8th, from the January-April situation, state-owned enterprises difficult to operate more serious than last year. Shaoning in the "2009 China City National Capital Forum" stressed that to deal with the crisis, the state-owned economy should strengthen cost control, optimize the layout of the structure and eliminate the low quality of excess capacity.　　There are also experts that the current state-owned enterprise development inflection point has emerged, should seize the opportunity to promote the transformation of upgrading, optimize the state-owned economy. The development inflection point of State-owned enterprises is now Shaoning introduced, the current grim situation is very big test to the state-owned enterprises. "This year's situation should be much more serious than last year, especially since the decline in operating income is the first time in years." Revenues were rising last year, profits were falling and revenues were starting to fall this year. This reflects that our external market environment is very serious. According to Sasac, 2008 's business income grew by 17.9%, profits fell by 34.1%, local state-controlled businesses grew 18.9%, and profits fell by 24%.　　From 1 to April this year, the operating income of the central enterprises fell by 9.2%, the profit fell 36%, local state-owned enterprises ' business income fell 8.4%, the profit fell 58.1%. Zhang Wenqui, deputy director of the Development Research Center of the State Council, argues that the development inflection point of State-owned enterprises has appeared. At least in recent years, the macro-economy has been difficult to reproduce the rapid development situation five years ago, while state-owned enterprises are typical speed and economy, the development speed is higher and better. At the same time, the evolution of industrial structure and macro-cyclical fluctuation also affect the rapid development of state-owned enterprises. At present, the industrial structure of our country has changed to the second half of heavy chemical industry, which restricts the development of state-owned economy.　　The private economy is more flexible, cheaper and more capable of adapting to financial crisis. To speed up the pace of upgrading and reform in the face of the current situation, Shaoning pointed out that the state-owned enterprises should use their own management and technology innovation advantages, strengthen the cost control capacity, further optimize the state-owned enterprise layout structure, to achieve the effective transformation of exit mode, resolutely can not appear policy bankruptcy very effective　　The phenomenon that the state-owned enterprise cannot exit effectively after the policy bankrupt. "If state-owned enterprises seize the opportunity to promote the transition, there is still a bright future."　　"Zhang Wenqui that the introduction of strategic investors in Shanghai to achieve the transformation of equity structure is very promotional significance, at the same time, enterprises should strengthen independent innovation and reform and development, to achieve the value chain of enterprises." SASAC Research Center Director Li Baomin that the current economic situation is still relatively grim, the company's production recovery base is still weak, debt risk increased, some enterprises accounts receivable growth very quickly.　　State-owned enterprises should pay close attention to the trend of commodity prices, pay attention to cost control, and strive to find new competitive advantages and growth points. Li Baomin also said that the state-owned enterprises should accelerate the pace of reform and development, improve the board system, and strive to achieve diversification of corporate property rights, pay attention to the introduction of institutional investors. He also mentioned that the establishment of asset management companies should be set up, the focus is to revitalize the existing state-owned enterprises in the size of 5 trillion yuan of stock assets.SASAC is also preparing to form an asset management company. For each enterprise, the establishment of asset management companies should focus on the different, such as automobile and other industrial industries should focus on the financial or financing functions, and some can be set up specifically for the asset increment investment companies.