"listing has played an important role in accelerating the growth of central enterprises to become stronger, better and bigger." weng jieming, a member of the party committee and deputy director of the state-owned assets supervision and administration commission (sasac), said that in recent years, central enterprises have continued to promote the listing work through ipo, merger and reorganization and other ways, and achieved positive progress and results. by the end of 2021, the number of listed companies held by central soes had reached 444, accounting for about 67 percent of assets and 79 percent of profits, with a market value of more than 19 trillion yuan.
according to the recently held forum on the listing of central enterprises, state-owned enterprises continue to promote the listing work, the high-quality development foundation of central enterprises has been effectively consolidated, the level of corporate governance has been continuously improved, and effectively promoted the construction of world-class enterprises.
central enterprises and their subsidiaries at all levels actively log into the capital market, earnestly practice the open and transparent regulatory rules for listed companies, give full play to the financing function of the platform of listed companies, and provide important financial support for the development of enterprises. in the past five years, listed companies held by central soes have raised about 1.4 trillion yuan in equity funds and 6.6 trillion yuan in debt funds, giving strong support to the high-quality development of enterprises.
after the central enterprises were listed, they continued to improve corporate governance in light of the requirements of the capital market, accepted extensive public supervision, established and improved various internal management systems, and made the boundaries of rights and responsibilities and legal responsibilities of each governing body more clear. a large number of experience practices that can be replicated and promoted have been formed, and played an important demonstration and leading role in the construction of a modern enterprise system with chinese characteristics. since the reorganization of china ship and ship, china information technology and china electric equipment, listed companies such as china heavy industry, fiberhome communications and pinggao electric have successively obtained the highest grade a in the annual information disclosure evaluation of shanghai stock exchange, becoming the model of standardized governance of listed companies.
"listed companies are an important platform and a powerful starting point for enterprises to carry out professional integration in accordance with the principles of marketization and the rule of law." weng jieming said that the central enterprises to listed companies as the platform to implement assets merger and acquisition and reorganization, has achieved remarkable results.
statistics show that since 2020, central enterprises have injected high-quality assets into the listed holding companies in 24 cases, with assets worth 265.3 billion yuan. through effective integration of upstream and downstream resources in industries and sectors, central enterprises will be encouraged to further gather superior resources in areas related to the national economy and people's livelihood as well as national security, and the layout structure of the state-owned economy will be continuously optimized. with three listed companies, cosco shipping co., ltd., china shipping development co., ltd., and china shipping container lines co., ltd as the main body, cosco shipping co., ltd., through the implementation of large-scale and professional integration, focuses on building a container transportation service supply chain, oil and gas transportation and comprehensive shipping financial service platform, which has obvious synergies and continuously strengthens its ability to serve the national strategy. after the reorganization in 2016, the operating performance of cosco offshore greatly improved, and in the second year, the company turned the loss into profit. in 2021, the net profit of the company returned to the mother was 89.296 billion yuan, with a year-on-year growth of 799.52%, and the operating performance reached a record high.
at this symposium, the reform bureau of sasac signed a memorandum of cooperation with the shanghai stock exchange. the two sides will deepen cooperation, jointly promote the listing of central enterprises and improve the development quality of listed companies.
making full use of capital market tools and listing platforms for central enterprises is one of the next priorities. science and technology innovation board is an important plate for chinese capital market to focus on service science and technology innovation and opening. it is also an important platform for promoting the transformation and application of science and technology achievements in a market-oriented way. central enterprises are the main force of national scientific and technological innovation, and they have developed leading technological advantages in many fields. however, they have not done enough to connect with the science and technology innovation board and use the board to accelerate enterprise scientific and technological innovation. there is still great potential to be tapped.
"at present, only 21 of the 469 listed companies on the science and technology innovation board are controlled by central enterprises, which is far from the status of central enterprises in science and technology innovation." weng jieming said that the central enterprises should make full use of the science and technology innovation board platform, highlight the key work, focus on the main responsibility and business, dig deep and cultivate hard science and technology, vigorously promote the subsidiary enterprises with strong scientific research strength and high market recognition to log on the science and technology innovation board, accelerate the opening of the "last kilometer" of the transformation of scientific and technological achievements into productivity, comprehensively improve the level of development, and better serve the overall situation of national science and technology innovation.
source: state-owned assets supervision and administration commission of the state council