Jindong: Vie leads to vicious competition among electric dealers

"The government wants to let the enterprise itself to fight, the customer is the Chinese enterprise new round of Innovation's true" Commander ". Seeking government asylum has degenerated the core function of "entrepreneur" and competition. ”

National People's Congress representative Zhou

"To overseas listing, if the operation to give more convenience, we do not need to do so much to change the identity and change the structure, so that he is convenient to do, this direction can be." Plugging is wrong. ”

Li, National CPPCC member

Beijing News (reporter Lin Chiling) re-elected three CPPCC members of the Suningyun Group chairman Jindong has always been "low-key", but his proposal this year's two sessions was the media evaluation as "very exciting." Jindong in the proposal that the Vie (Agreement control) should be characterized as a merger behavior of the enterprise.

"Protocol Control", also known as the variable interest entity (Variable acquires Entities;vie), refers to the actual or potential economic source owned by the enterprise, but the enterprise itself has no complete control over this interest entity. This control method is because the domestic financing difficult to support the development of Internet companies, while the Internet business (that is, telecom value-added services) has been restricted to foreign investment in the case, was designed a model to crack the "foreign investment" industry enterprises in the overseas listing problem.

Some analysts believe that Jindong's proposal directed at Alibaba, Beijing-east and other Internet companies, if the VIE is included in the regulation will have a significant impact on the companies. Suning spokesman said yesterday that Jindong was the representative of the two countries proposed proposals, not for one or two enterprises.

In Jindong view, the electric business enterprise relies on the overseas capital to prepare the overseas listing to become the trend, but the cooperation form most is the overseas capital through the Agreement control mode to participate in the domestic electric business. This model will lead to the electric business industry "business in the domestic, investment in the foreign market" phenomenon, the development of the industry has hidden dangers.

Jindong said that for the electric business industry, the sales growth and sales scale is the basis for foreign capital to define the investment value and valuation value of the electric business enterprise, and not to pay attention to the business profitability. In this context, some of the electric enterprises in order to attract foreign capital, blindly pursue the high growth rate, large-scale, resulting in the electric business industry has low investment efficiency, poor profitability, vicious competition and so on. So that the online market into a disorderly state, will also ripple under the line, and even the retail industry into a war of words, price war mire, affecting the healthy development of the national economy. ”

Jindong called on the Ministry of Commerce and the Securities and Futures Commission to develop regulations for the VIE model as soon as possible. He suggested "perfecting the supervision of foreign investment admittance, clearly defining the control of the agreement as the merger behavior of the enterprise, and incorporating the control mode of the agreement into the management category of the regulatory department."

In addition, Jindong also believes that there is a regulatory vacuum in the electric business sector, and there are many challenges behind the boom. "At present, China's E-commerce annual trading volume of 90% is in the form of Consumer-to-consumer business transactions, a large number of transactions outside the existing legal supervision, there is a serious lack of supervision, law enforcement vacancy phenomenon." ”

Jindong also suggested that the tax authorities study the taxation method of electronic commerce, strengthen the tax supervision, evade the tax evasion from the system level, and punish the illegal behaviors severely.

Sound oil Industry Chamber of Commerce proposes to abolish imported oil products restriction

Beijing News (reporter Zhongjingjing) "Two sessions" during the meeting, the Chamber of Commerce of the National Association of Petroleum Industry proposed that the current restrictions on the import of private enterprises to diesel, so that private enterprises fully participate in market-oriented operation, and suppress the state-owned oil group in the retail market of refined products monopoly expansion.

It is understood that at present, only 4 state-owned oil enterprises have import and export trade rights, non-State trade is the implementation of import qualification and quota management methods, and can only import fuel oil.

In this mode of management, China's non-state trade restrictions on oil products by the Ministry of Commerce issued an annual import permit, and can only import fuel oil, and PetroChina, Sinopec and other state-owned enterprises have oil products state trade import channels, there is no quantitative restrictions.

The proposal proposed that the abolition of the current non-state trade quotas for oil products can only be used for import fuel oil approval limit, allowing the private enterprises with the import of oil products to import their own quotas, including gasoline, diesel oil.

MA: Perfecting the comprehensive operation of Commercial bank

The marketization of interest rate has aggravated the bank's survival pressure. CPPCC member, China Merchants Bank (600036, shares bar) President Ma in this year's two sessions submitted the "On the second revision of the Commercial Bank law" to support the comprehensive operation of commercial banks, the proposal to accelerate the promotion of China's commercial banks integrated business process.

"If the domestic Chinese banks can not realize the transformation as soon as possible, widening the business area will affect the sustainable development of commercial banks." "Ma said. In his view, it is urgent to further improve the comprehensive management of commercial banks, accelerate the process of integration of commercial banks, MA proposed to amend the "Commercial Bank law" to "approved by the relevant financial supervision and administration agencies, commercial banks can invest in shares or holding companies, securities firms, Insurance companies and other Non-bank financial institutions. ”

Beijing News reporter Somaly

Li should simplify regulatory procedures for overseas listing

Li, chairman of the National People's Congress, said yesterday that the State should further improve the legal supervision system of enterprises to go overseas listing, simplify the relevant procedures, so that enterprises no longer need to establish a VIE structure, founder immigration, such as "Curve Save the Nation" way to be able to successfully finance overseas capital markets.

Li says the VIE is indeed a complex structure that poses some risks to investors. He suggested a simpler regulatory model to replace the current process by which companies could list overseas through the VIE structure.

Beijing News reporter Shen Yu green