国资委国有企业公司治理改革报告.pdfVIP

SINCHEM 中国中化集团公司 Reform and Corporate Governance of SOEs in China Mr. Qin Yongfa, Deputy Direct General, Bureau of Enterprise Restructuring (Board Pilot Project Office), State-owned Assets Supervision Administration Commission of the State Council (SASAC), People’s Republic of China （May. 24th, 2010, Malaysia ） SINCHEM 中国中化集团公司 Contents 1. SOEs’ reform in China 2. The ongoing progress of setting up standardized BOD in Chinese central SOEs 3. Problems which need further inquiry in setting up standardized BOD SINCHEM 中国中化集团公司 1. SOEs’ Reform in China Chinese SOEs enjoy entire Chinese SOEs are independent legal persons’ property rights legal persons. and autonomous operation rights. （1）It is clearly stipulated in laws that Chinese SOEs are independent market players. The rights of Chinese SOEs and Chinese SOEs set up relatively their investors are clearly sound corporate governance. distinguished from each other. SINCHEM 中国中化集团公司 （2 ）Property right management of Chinese SOEs changed significantly. 1. Number of SOEs listed in foreign and domestic stock markets Listed stake-holding companies: more than 900 Listed companies whose actual controllers are central SOEs: 307 2. Up to the end of 2008, majority of SOEs’ quality assets have been injected into the listed companies: Index Total Net Total Net Assets Assets Profit Profit Listed SOEs 12.41 6.01 723.51 613.83 (