(CSG), POWERCHINA, China Nuclear Engineering & Construction Corporation (CNEC),
China Energy Engineering Corporation (CEEC),
State Power Investment Corporation (SPIC),
Harbin Electric Corporation (HE), China
National Petroleum Corporation (CNPC), China
National Offshore Oil Corporation (CNOOC),
China Petroleum & Chemical Corporation
(Sinopec), China State Shipbuilding Corporation
(CSSC), China North Industries Group Corporation (CNGC), China South Industries Group
Corporation (CSGC), China Shipbuilding
Industry Corporation (CSIC), Aero Engine Corporation of China (AECC), China Aerospace
Science & Industry Corporation (CASIC), China
Aerospace Science and Technology Corporation
(CASC), Aviation Industry Corporation of China
(AVIC), and China National Building Material
(CNBM).
Pilots of employee stock ownership of mixed
ownership enterprises comprise third-level subsidiaries of Shenhua Group, China National
Machinery Industry Corporation (Sinomach),
China Baowu, COSCO, COFCO, CMG, China
Energy Conservation and Environmental Protection (CECEP), CNBM, China Academy of
Building Research (CABR), and CREC.
(3) Improve the modern enterprise system
Pilot to implement the functions and powers of
boards of directors: CECEP, CNBM, Sinopharm,
Xinxing Cathay International Group, China
Baowu, SDIC and China General Nuclear Power
Group (CGN).
Pilot for the market-based selection and
employment of managers: Baosteel, Xinxing
Cathay International Group, Sinopharm, CECEP,
SDIC and China Railway Signal & Communication Corporation (CRSC).
Pilot to recruit professional managers: China
Baowu Group, Xinxing Cathay International
Group and CNBM.
Pilot to reform emolument differentiation in
enterprises: Scheduled for launch in 2018 by the
Ministry of Human Resources and Social Security (MOHRSS).
(4) Prevent the loss of state-owned assets
Pilot for state-owned enterprise information disclosure: COFCO, CSCEC, SPIC and China
Southern Airlines.
(5) Solve the problems left over by history
Pilot the divestment of state-owned enterprise
functions that are unrelated to operations and
solve the problems left over by history: This will
be carried out in selected provinces and cities.
Second, the merger and reorganisation of
central government-administered state-owned
enterprises is an important measure to optimise
the distribution of state-owned capital and adjust
the industrial sector. It is just one of the Ten
Reform Pilots mentioned above. Six pilot enterprises have completed their merger and reorganisation. They include CSCEC-Sinoma (China
National
Building
Material,
CNBM),
COSCO-CSCL (China COSCO Shipping Group)
and CPI-SNPTC (State Power Investment Corporation). In recent years there have been other
mergers and reorganisations of state-owned
enterprises, such as CSR-CNR (CRRC),
MCC-CMC,
Sinotrans
and
CSC-CMG,
HKCTS-CITS (China National Travel Service
Group Corporation), Sinolight-CNACGC (Poly
Group), Baosteel-WISCO (China Baowu) and
Shenhua Group-China Guodian (National
Energy Investment Group).
Third, excess capacity in the coal industry is
being resolved. Capacity cutting by state-owned
coal enterprises is an important part of
supply-side structural reform. In July 2016, the
State-Owned Assets Supervision and Administration Commission of the State Council
(SASAC) identified the tools for solving excess
coal capacity in central government-administered
state-owned enterprises. SASAC proposed that:
(i) central government-administered state-owned
enterprises should cut capacity by 15% within
five years and 10% within two years; and
(ii) central government-administered state-owned
enterprises involved in the coal industry on a
non-core basis should withdraw from the
Special Report 4: China’s Energy System Revolution
583
China Energy Engineering Corporation (CEEC),
State Power Investment Corporation (SPIC),
Harbin Electric Corporation (HE), China
National Petroleum Corporation (CNPC), China
National Offshore Oil Corporation (CNOOC),
China Petroleum & Chemical Corporation
(Sinopec), China State Shipbuilding Corporation
(CSSC), China North Industries Group Corporation (CNGC), China South Industries Group
Corporation (CSGC), China Shipbuilding
Industry Corporation (CSIC), Aero Engine Corporation of China (AECC), China Aerospace
Science & Industry Corporation (CASIC), China
Aerospace Science and Technology Corporation
(CASC), Aviation Industry Corporation of China
(AVIC), and China National Building Material
(CNBM).
Pilots of employee stock ownership of mixed
ownership enterprises comprise third-level subsidiaries of Shenhua Group, China National
Machinery Industry Corporation (Sinomach),
China Baowu, COSCO, COFCO, CMG, China
Energy Conservation and Environmental Protection (CECEP), CNBM, China Academy of
Building Research (CABR), and CREC.
(3) Improve the modern enterprise system
Pilot to implement the functions and powers of
boards of directors: CECEP, CNBM, Sinopharm,
Xinxing Cathay International Group, China
Baowu, SDIC and China General Nuclear Power
Group (CGN).
Pilot for the market-based selection and
employment of managers: Baosteel, Xinxing
Cathay International Group, Sinopharm, CECEP,
SDIC and China Railway Signal & Communication Corporation (CRSC).
Pilot to recruit professional managers: China
Baowu Group, Xinxing Cathay International
Group and CNBM.
Pilot to reform emolument differentiation in
enterprises: Scheduled for launch in 2018 by the
Ministry of Human Resources and Social Security (MOHRSS).
(4) Prevent the loss of state-owned assets
Pilot for state-owned enterprise information disclosure: COFCO, CSCEC, SPIC and China
Southern Airlines.
(5) Solve the problems left over by history
Pilot the divestment of state-owned enterprise
functions that are unrelated to operations and
solve the problems left over by history: This will
be carried out in selected provinces and cities.
Second, the merger and reorganisation of
central government-administered state-owned
enterprises is an important measure to optimise
the distribution of state-owned capital and adjust
the industrial sector. It is just one of the Ten
Reform Pilots mentioned above. Six pilot enterprises have completed their merger and reorganisation. They include CSCEC-Sinoma (China
National
Building
Material,
CNBM),
COSCO-CSCL (China COSCO Shipping Group)
and CPI-SNPTC (State Power Investment Corporation). In recent years there have been other
mergers and reorganisations of state-owned
enterprises, such as CSR-CNR (CRRC),
MCC-CMC,
Sinotrans
and
CSC-CMG,
HKCTS-CITS (China National Travel Service
Group Corporation), Sinolight-CNACGC (Poly
Group), Baosteel-WISCO (China Baowu) and
Shenhua Group-China Guodian (National
Energy Investment Group).
Third, excess capacity in the coal industry is
being resolved. Capacity cutting by state-owned
coal enterprises is an important part of
supply-side structural reform. In July 2016, the
State-Owned Assets Supervision and Administration Commission of the State Council
(SASAC) identified the tools for solving excess
coal capacity in central government-administered
state-owned enterprises. SASAC proposed that:
(i) central government-administered state-owned
enterprises should cut capacity by 15% within
five years and 10% within two years; and
(ii) central government-administered state-owned
enterprises involved in the coal industry on a
non-core basis should withdraw from the
Special Report 4: China’s Energy System Revolution
583