Guangzhou state-owned enterprises: cancellation of administrative level exit inefficient investment

Xinhua Guangzhou, May 31 (reporter Huang) canton state-owned enterprises in the administrative level will be canceled, within three years, the return on net assets to the domestic industry average level of inefficient assets to take the initiative to withdraw from investment.　　This is the reporter from 31st held Guangzhou deepen the reform and development of state-owned enterprises to learn from the conference. Guangzhou Municipal Party committee and Municipal government recently issued "on the further promotion of state-owned enterprises reform and development of the views", put forward to further promote the state-owned enterprise leadership management system reform, the implementation of state-owned enterprise leadership management, the abolition of state-owned enterprises in the administrative level and visual administrative level;　　Promote state-owned capital to the basic industry, pillar industries, strategic industries and other important industries and key areas of concentration, and promote state-owned capital to the dominant enterprise concentration. Guangzhou Mayor Zhang said that Guangzhou's export-oriented economy is more developed, and the impact of the international financial crisis, encountered difficulties and challenges unprecedented. In the first four months of this year, the total GDP of the city grew by 8.1% and the task of maintaining steady and rapid economic growth was arduous.　　State-owned enterprises should play an important supporting and driving role in the critical time, through reform and development, continuously improve market competitiveness and avoid and dissolve the risk ability, take the lead to break through the development. Through more than 3-5 years ' efforts, Guangzhou will establish a comparatively perfect modern enterprise system and greatly enhance the vigor, competitiveness and influence of the state-owned economy.　　Encourage and support the advantages of enterprises to increase investment and accelerate development, focusing on the cultivation and development of superior brand-name products and "old" enterprises.　　"Opinion" that does not conform to the state-owned economic development positioning of enterprises to take the initiative to withdraw; within three years, the return of net assets to the domestic industry average level of inefficient assets, in addition to a specific function, but also the initiative to withdraw investment. "Opinions" also proposed that in order to improve the state-owned corporate governance mechanism to make a new breakthrough, optimize the board structure, so that external directors in the Municipal Enterprise Board of directors accounted for more than 1/3, and gradually realize that outside directors more than 1/2 of the board members.