In order to welcome the successful convening of the 19th National Congress of the Communist Party of China, Xinhuanet and the State-owned Assets Supervision and Administration Commission of the State Council organized a large-scale financial media interview on "Forging New State-owned Enterprises". In this interview, we invited Shan Zhongli, Deputy Secretary of the Party Committee of China Chengtong, to communicate online with netizens on topics such as strengthening party building and optimizing and improving the structure of state-owned capital.


    Xinhuanet: "How to optimize and improve the structure and efficiency of state-owned capital, and promote state-owned capital to become stronger and better?"


    Shan Zhongli: "Optimize the distribution structure of state-owned capital and improve the efficiency of state-owned capital operations."
 
    Xinhuanet: Chengtong Group has been undertaking the important tasks of "pawns" and "experimental field" in the reform of state-owned assets and state-owned enterprises. How does Chengtong optimize and improve the structure and efficiency of state-owned capital, and promote state-owned capital to become stronger and better?


    Shan Zhongli: We mainly focus on the four functions of investment and financing, equity management, asset management and financial services. Focusing on these four functions, we will now explore the establishment of four platforms and optimize the layout and structure of state-owned capital through the operation of these platforms , Improve the efficiency of state-owned capital operation, and promote state-owned capital to become stronger, better and bigger. One is the fund platform, which mainly raises capital on a large scale by setting up funds to provide new channels for refinancing of central enterprises and state-owned enterprises for structural adjustment, transformation and upgrading, and to establish new investment mechanisms. In September 2016, with the approval of the State Council, we were commissioned by the State-owned Assets Supervision and Administration Commission to jointly establish a state-owned enterprise structural adjustment fund with 10 central enterprises. The total size of this fund is 350 billion yuan. It is currently the largest private equity fund in China.


    The second is the equity platform. As a shareholder, we now conduct market-oriented operations on the equity that we receive or invest in. We want to build a market-oriented and professional platform. Therefore, we adopt market-oriented operations and realize the advance and retreat of equity through market value management. Circulation enables state-owned assets to maintain and increase their value.


    The third is the asset platform. Chengtong used to be a pilot for asset management companies. Over the past ten years, Chengtong has reorganized and combined central enterprises and military industrial enterprises, including local state-owned enterprises, and the number of corporate households is 664. More than 80 billion assets and debts have been cleared and resettled. There are 88,000 employees. During this period, we have also invested nearly 200 million yuan to solve the housing problem of difficult business families. Through our hard work, on the one hand, we have maintained and increased the value of state-owned assets, and on the other hand, we have also maintained the stability of the enterprise. I want to say in particular here. In 2016, we managed China Iron and Steel. After the trusteeship, we revitalized the assets, activated their production factors, changed the operating system and mechanism, and ended the 47-month loss of China Iron and Steel. Also achieved a rebirth from the ashes. Last year, we formed the China Health and Elderly Group. The original intention at that time was to take over the assets of training and recuperation institutions from central state agencies and state-owned enterprises and institutions. The company now has a registered capital of 10 billion.


    The fourth is the financial platform. On the one hand, we must improve our existing financial business functions. On the other hand, we must actively strive to improve the qualifications of financial tools and provide financial services.
 
    Deal with zombie companies and insist that the party organization is the last evacuation


    Xinhuanet: What experience does Chengtong have in dealing with zombie companies and difficult companies?


    Shan Zhongli: The most fundamental thing is where the money comes from and where people go. In the actual process, we insisted on four points: First, insist on stressing politics, taking into account the overall situation, and in particular, dare to take responsibility. Party members and leading cadres must be above the rate.


    The second is to fully rely on the party organization of the reorganized unit, insist on "replace more thoughts and fewer people", maximize the enthusiasm of the leading group and the backbone of party members of the reorganized unit, mobilize their enthusiasm, and "do not rely on the target Become a work object", but also to "not turn work motivation into work resistance".


    The third is to insist that the party organization is the last to withdraw. The enterprise is facing reorganization and integration, and people's thoughts fluctuate. What do the masses see at this time? It is to look at the party organization and party cadres. We must also take the lead. Leaders must hire a branch, and key party members will hire employees, let them do the ideological work of employees, and help them to establish the concept of "exit is also development".


    The fourth is to adhere to the "implementation of policies for enterprises and separation of human resources." Difficult companies are different, regions are different, and production and operation mechanisms are also different. We have one enterprise, one policy, and separate human resources. We have established a human resources company. It is some retired veteran comrades, and we provide protection. Through these tasks, we have managed to adjust the enterprise but the party organization is still there. If the enterprise is gone, we guarantee that the service to employees and veteran comrades is still there.
　　
    Xinhuanet: After Chengtong becomes a pilot state-owned capital operating company, how can the party committee's leadership and political core role be played?


    Shan Zhongli: After Chengtong became a state-owned capital operating company as a pilot, the concrete implementation is to "set the direction, manage the overall situation, and ensure implementation." These are the 9 core words. We always adhere to the party building work as the endogenous driving force of our enterprise reform and development. This is how we feel about the core words of these 9 characters.


    To take the direction is to take the political direction, reform direction and development direction well. The company’s party committee insists on learning to improve our political position through the theoretical center group. First, the position is high, so as to improve the ideological awareness and at the same time enhance the leadership ability.


    Another task is to conduct advanced discussion and research on some major issues through regular special meetings and retreats to ensure that our company can adhere to the correct direction of reform and development. Only after the direction is held can the company’s mission be completed. What is the mission? It is serving the national strategy, the structural reform of the service supply side, and the adjustment of the layout and structure of state-owned enterprises.


    Managing the overall situation means persisting in acting under the overall situation, discussing major issues and focusing on key points. Give full play to the party's core role of "overalling the overall situation and coordinating all parties."
 
    Enterprises have different corporate governance bodies. To play the role of overseeing the overall situation and coordinating all parties, we must pay attention to handling the relationship with other different bodies, so that each body can operate effectively, so as to realize the importance of building a strong party to achieve growth and rapid reform. Guaranteed. There are three key points in the work deployed by enterprises every year: one is to strengthen the party building, the other is to maintain growth, and the other is to reform quickly. When the work is arranged, these three tasks are arranged at the same time, but strong party building is a guarantee.


    In addition, our party committee has also formulated pre-procedures for the study and discussion of major issues. The party committee must study and discuss major issues before the board of directors and managers make decisions. This is a procedural check. Through this pre-procedure, collective decision-making and scientific decision-making are promoted. , Democratic decision-making enables us to push state-owned capital into important industries and key areas, so that our enterprises can fully fulfill their political, economic, and social responsibilities.


    Ensuring implementation is mainly implemented by cadres and employees. We adhere to the principle of the party's management of cadres and the principle of the party's management of talents, strengthen the leadership team of the enterprise, and build the backbone team. In particular, as a capital operating company, we insist on combining capital management with human supervision. Our capital operating company is different from an industrial company. We have to work along the capital chain, so we focus on capital management and on people. The supervision of the company should be combined, and the leadership should lead the party members and the party members to lead the masses to lead the demonstration role, ensure the major decision-making arrangements of the party and the state, ensure the important requirements of the SASAC, and ensure that the major decision-making matters of the enterprise can be implemented.


    Xinhuanet: This year is the "Central Party Construction Work Implementation Year" determined by the SASAC Party Committee. How does the Chengtong Party Committee continue to lay a solid foundation for party building work and solidify the results of theoretical research?


    Shan Zhongli: Chengtong is a learning-oriented party organization and a research-oriented party organization. It pays special attention to advanced research on some major issues. How can we solidify the results after research? What we think now is to rule by law, to govern the enterprise according to the law, and to govern the enterprise according to regulations. We now understand that the most important manifestation of the rule of law is that the work requirements of party building are written into the company's articles of association, because the articles of association are the fundamental law of the enterprise and are written into the articles of association. This clarifies the legal status of the party organization in corporate governance and its primary work. Therefore, we believe that solidification is the rule of law first.


    Another is that things must be done according to procedures, and many things must not be required in general, but must be specific, implementable, and have a grasp. Furthermore, this work must be regularized, focused on the long-term and detailed, constantly focused on the new, routine and regularized, so that the effectiveness of party building work can be improved wherever it falls.


    We have focused on two tasks this year: one is to include the requirements of party building work in the company’s articles of association as I just mentioned, and another is to make it clear that the party committee’s research and discussion is a pre-procedure for major issues in the decision-making of the board’s managers. The procedure was clearly put forward at the party building meeting last year.
 
    The articles of association of our headquarters, second-tier companies, and third-tier listed companies have all been revised. We require that all third-tier companies be completed before the end of the year. Our party committee has made it clear that this work is the work of top leaders, to ensure that this work is carried forward resolutely, but it is carried forward more safely.


    Another key task is the pre-procedure. Pre-procedure is to prepare the party organization for the leadership core and political core role. We have formulated an implementation rule to clarify how to implement it.