The main is to increase efforts to reform state-owned enterprises, vigorously implement the innovation driven development strategy

The main is to increase efforts to reform state-owned enterprises, vigorously implement the innovation driven development strategy, comprehensively promote the system, mechanism, technology, management, market, business model innovation, as soon as possible to achieve new results in important areas and key links of reform of state-owned enterprises, the central enterprises to cultivate multiplier factor for sustained growth “”

To do “division”

The main reason is to promote the central enterprises to further lower the efficiency, improve the operation quality and efficiency; reduce the asset liability ratio, reduce financial expenses; create high returns, high value-added, high technology content and profitable business advantage project, improve labor productivity and the rate of return on capital.

The capacity, in accordance with the requirements, from the beginning of 2016 in 5 years, the central enterprises Yajian steel and coal existing capacity of about 15%, for about two years of existing capacity Yajian 10%. On this basis, the major iron and steel, coal enterprises do bigger and better development of coal enterprises, optimize the allocation of resources, other central enterprises involved in coal coal industry exit principle. At the same time, increase the zombie companies to clean up the exit efforts for three years to basically complete the zombie companies disposal task, focus on the completion of 345 households with “zombie companies” standards of large and medium-sized central enterprises clean exit.

In the deleveraging, in recent years, the central enterprises accounts receivable, inventory 15% above scale compression point scale compression 8%, the concentration of funds increased from 57% to 70%. At the same time, and strive to achieve the efficiency of more than 100 billion yuan, through the efforts of the central enterprises losses of poor enterprises decreased by 20% per year, the loss reduced by 50%.

You can believe that, through the integrated use of “deepening the central enterprises add, subtract, multiply and divide by the supply side structural reform, the central enterprises vitality, competitiveness and ability to resist the market risk will significantly enhance the quality and efficiency will be significantly improved.