Shanghai layout 2.4 trillion financial state-owned new array to promote two centers

The reform of financial state capital, Shanghai slow half shot, but began to catch up.　　This reporter learned that Shanghai has tentatively formulated "Shanghai financial state and local state-owned financial enterprises to reform and development of Guidance" (hereinafter referred to as "opinion"), after the discussion of changes will soon be introduced.　　A person who understands the content of the "opinion" of the financial sector in Shanghai, said to the reporter, the focus of reform will be mainly on the classification and management of financial enterprises in the financial layout, in which Shanghai International Group will be positioned as a financial investment platform rather than a "gold control" (Financial holding company) model.　　Shanghai also proposes to form a leadership group headed by the deputy mayor of finance, TU, finance Office, Shanghai Finance Bureau, Shanghai Development and Reform Commission and other departments. For a total of 2.4 trillion of Shanghai's financial capital, the introduction of "opinions" will open how a door, it is still difficult to imagine.　　From a realistic point of view, in the process of promoting the national strategy of two centers (Financial Center, Shipping center), it is a proposition how the financial state of Shanghai will exert its force.　　The real embarrassment is that Shanghai, which is responsible for the establishment of an international financial center, has never cultivated such influential financial state funds as China Merchants Bank and Ping An, which is one of the most profound reflections in Shanghai.　　The financial sector in Shanghai has felt the urgent atmosphere in the reform brewing. "The Shanghai financial Office and the Finance party's work council again called in early July the financial institutions senior executives to further discussion of financial state-owned enterprises reform." "One of the financial institutions involved in the meeting said.　　Such a comprehensive hearing on reform proposals has been convened since March. The reform opinion gradually formed a consensus.　　In order to break the rigidity of the enterprise system, will promote the Shanghai financial state-owned enterprises to improve governance structure, promote the open reorganization of enterprises, and in the employment system gradually market, senior executives will come from the market rather than from the government of a paper appointment. At the same time, institutional development has been incorporated into the reform agenda.　　It is one of the main considerations to further rationalize the management system of local financial state-owned enterprises, such as the brewing of the financial office by the municipal Sasac to fulfill the powers and responsibilities of the investors. "The direction of reform is to market, to invigorate the financial state-owned enterprises, Shanghai's determination is still very big."　　"A number of financial institution executives who participated in the discussion said to the correspondent. "Whether Shanghai can break the consistent administrative color of integrated market resources" is also a proposition of the reform of the financial state capital.　　A number of Shanghai financial institutions have told the newspaper reporter. Therefore, it is a part of the problem how to make a reasonable change.　　How to coordinate the adjustment of vested interests is another part of the problem.　　Shanghai International Group turned to classified guidance, classified management, just eight words, but revealed the overt of Shanghai's financial state-funded layout. "The reform of the financial layout will be clear, the financial state funds will be classified management, classification guidance."　　"The above understanding of" opinion "people said.　　The distribution of financial capital in Shanghai will be divided into three categories. The first category is the financial investment company. The aforementioned people told reporters thatShanghai needs a city's financial investment platform to carry out strategic operation, advance and retreat concentration and classified management of local financial equity. The current commitment to this investment platform is the Shanghai International Group. "From what we see now, the positioning of Shanghai International Group will be financial investment companies."　　A think-tank at the Shanghai Municipal government told reporters. Shanghai International Group covers the Giants of banking, securities, insurance, trusts, securities investment funds, money brokers and many other financial sub industries.　　This gives it the opportunity to take the financial investment platform. Earlier, Shanghai International Group deputy Yang Dehong in the media interview that the future Shanghai International Group will become a "gold control", the subordinate wholly-owned subsidiary of Pudong Development Bank, Shanghai International Trust in the future direction is the financial holding group.　　This clearly gives Shanghai International Group a new position.　　The transformation of Shanghai International is intriguing.　　The second category is to adapt to the trend of financial development, to encourage Shanghai's financial enterprises to launch a comprehensive operating pilot, training financial holding companies.　　The third category is the general Financial enterprise, which requires it to enhance its competitiveness, to divest or replace some assets through the listing of core assets, and to improve its competitive ability. China's commercial banks in Ningbo, Nanjing Bank, Beijing Bank has successively landed in the capital market, the proposed listing plan even earlier than their Shanghai bank has twists and turns, so far Diana.　　As in Shanghai's brokerage, in addition to the Haitong Securities in 2007, Guotai, Wanguo, Oriental Securities, Shanghai Securities and other listed companies still face various obstacles.　　Whether it is the formation of financial holding company or the reform of financial enterprise, it is realized through the open reorganization of market and must break the wall. This requires greater vision and boldness.　　In the thinking and policy, the Shanghai municipal government level has also begun to high-profile positioning. Shanghai Municipal Party committee, deputy mayor Tu in May to accept this reporter interview also stressed that one of the reform content is to speed up the market-oriented financial institutions of the open reorganization. "Market-oriented restructuring includes not only the internal integration of the financial institutions in Shanghai, but also the reorganization of financial institutions outside the city and even outside."　　"Tu said.　　The "manifested" reform of financial office will also involve the direction of local financial management system. The initial direction of "opinion" is that the management of financial state capital of Shanghai Municipal government should be unified, efficient and full coverage, and the financial management system must be reformed.　　The direction of reform is to fulfill the responsibility of the state-owned assets investor on behalf of the Government. "For financial assets, it can be entrusted to the financial Office for processing, the financial office is responsible for the SASAC."　　"A person who understands the opinion" reveals that this is a representative way of thinking at present.　　If this change is implemented, it will straighten out the system of the management of local financial state funds. A Shanghai state-funded commission system Personage introduced, in the past the Shanghai Sasac mainly supervises the non-financial assets, the financial assets management by the SASAC authorizes the Shanghai financial office to manage. such as Shanghai International Group, its investors although Sasac, party and government affiliationThe relationship is in the Shanghai Financial Council.　　Generally speaking, the sale of financial state-owned funds need to undergo some procedures for approval, such as Shanghai International Group to sell some financial equity, the design of the program is dominated by the financial office, and in Sasac this only need to take a procedural approval, such as whether to carry out the assessment procedures.　　Founded in 2002, Shanghai Financial Office, the coordination of local finance and services to contact the central financial regulatory body, the first office of the Director of the Shanghai Municipal Government Deputy Secretary-General Gixiao. Its substantive "status" is, it and the Shanghai Financial Party is a "set of two brands", the Financial party Commission can be Shanghai's financial state-owned enterprises cadres to manage and recommend personnel appointments, that is, the management of people, and financial office can be "steward", that is, the Shanghai Financial Center construction and financial assets integration planning,　　Through these two channels, the financial office has carried out certain management and service to the financial state capital of Shanghai. However, the responsibility of the Finance Office to fulfill the financial capital is not clear in law, because Shanghai financial office is only the office of the Shanghai Municipal government is not the examination and approval agencies, not in the government sequence, its authority to manage financial assets has not been stipulated.　　The Beijing municipal government canceled the Beijing financial office as early as a few years ago.　　Strengthening or weakening the powers and responsibilities of financial offices has become one of the important considerations of this reform.　　This reporter learned that, or benefited from this round of international financial Center construction, Shanghai Financial office is likely to further materialized. "The Financial Services department has performed part of the functions previously, and this reform will increase its role," the senior executives at the July meeting said. "In the promotion of Shanghai's International Financial Center construction, Shanghai has now listed 2009 years of nearly hundred specific measures."　　In this specific measure, in the "Shanghai Responsibility Unit" in the column, almost every item by the Shanghai Municipal Financial office as the responsibility unit.　　For example, in strengthening the construction of financial institutions, the Shanghai Financial Office is the leading responsibility unit for "Shanghai Financial Development Investment fund company listing", "designated to deepen the reform and development of the financial state and local state-owned financial enterprises in Shanghai".　　At present, Shanghai Financial office about 30 people, mainly set up four offices, including the general office, a body, two agencies and the listing reorganization office, one, two, respectively, responsible for the bank and the financial institutions of the banking coordination. Another source said, another financial office???? Preparations are under way for the establishment of the state-owned office and preparations are under way for its expansion.　　But the news has not been confirmed by the Shanghai financial Office.　　Reform has pointed to years of ills: optimizing the competitiveness of 2.4 trillion financial countries has pointed to the ills of Shanghai's financial capital for years. People familiar with the matter also disclosed to the reporter that, according to the 2008 data, Shanghai Municipal financial enterprises assets reached more than 2.4 trillion.　　The sheer size of the aggregate has not shaped its influence, stemming from the "fragmentation and lack of competitiveness". "The existing financial assets are very dispersed, is naturally formed, the competitiveness of enterprises is not strong enough to reflect the construction of the International financial center of the layout, also did not reflect the needs of the upgrading of Shanghai industry." "An understanding" means"The financial resources of Shanghai need to be optimized," indicative, a finance personage in the content.　　"In addition to the central direct control of the Bank of Communications, Baosteel Group, Eastern Airlines Group to participate in the holding of financial institutions, Shanghai is mainly through the state-owned large industrial groups, state-owned investment group participation in financial institutions to achieve the Shanghai financial state capital layout."　　A survey of the central bank's Shanghai headquarters in October 2006 revealed the distribution of this fragmented and uncompetitive financial capital in Shanghai. Take the top three financial investment companies as an example. Shanghai International Group is the largest state-owned enterprise involved in financial investment in Shanghai.　　As of September 2006, its investment in financial institutions amounted to 26.59 billion yuan. Shanghai International Group has broad tentacles, participating in the Shanghai International Trust Investment, Shanghai Securities, Pudong Hair Bank, Shanghai Rural Commercial Bank, sea and Daiwa Securities, investment Morgan fund management company, Shanghai Guo Li Money Brokerage company, Shanghai National Festival as a limited financial institutions, financial assets accounted for the proportion of total assets of the company amounted to about 63　　%。　　However, the second-ranked Shanghai state-owned assets management company and the third Shanghai Shen (Group) Co., Ltd., investment in financial institutions in 2006 were only 7.3 billion and 3.16 billion yuan.　　In addition, Shanghai United Investment Co., Ltd., Shanghai Automotive Group AG, Shanghai Electric Group Corporation, the real group also have a large number of investment in financial institutions, but the financial assets in the territory of the company's assets relatively small proportion.　　As for such a dispersed and intricate equity investment, the above research project considers that Shanghai's financial resources integration is poor and its competitiveness is weak.　　In particular, the Shanghai financial industry and other local financial industry compared to competitive, asset quality can also be, but with the international financial institutions, domestic other large financial groups compared to the small scale, risk-resistant ability. But insiders also revealed that, if compared with the Shanghai state-owned assets in 2008, the total asset yield of 1.64%, net assets yield of 4.6% of the low income, financial assets yield relatively high.　　The company's investment in financial assets has benefited more than 12% in recent years, according to insiders at the Shanghai Energy Group. "But this is to a certain extent the capital market is better, the financial industry monopoly nature caused by the enterprise's own business contribution is not big enough." "said one Shanghai government think-tank.