Shanghai State-owned securities

 Yang Guoxiong 12, said at the meeting in 2011 will further revitalize the state-owned assets, to accelerate state-owned capital securities, . According to reports, this year's state-owned assets in Shanghai is operating target rate of capital securities is 35%.

Last year, through non-public offering, asset replacement and other methods to speed up the whole of Shanghai state listing process. Shanghai Construction, Jinjiang shares of 10 companies basically complete listing of the overall and core assets, the cash financing of 55.6 billion yuan, 16.9 billion capital injection. On the Hong Kong Group, Shanghai Pharmaceutical and other 12 enterprises to enter the approval process. Shanghai State-owned securities of operating the city's rate of 25.4% from the beginning of the year increased to 30.5%.

In addition, adjustment of the layout of Shanghai state has achieved remarkable results. 2010, the Shanghai State-owned industry spans shrink from 79 to 70, effective management levels within the levels increased from 4 to 11. Annual clean out non-core business enterprises (including shell companies) 725.

Xinhua Shanghai Jan. 12 (Xinhua YE Feng) Shanghai's state-owned enterprise reform is further to the Data show that last year the layout of Shanghai State-owned in the industry, and other aspects of the securities are SASAC director Yang Guoxiong 12 Shanghai Shanghai State-owned state-owned enterprises in the work of conference presentations, is operating in Shanghai in 2011 securitization of state assets will further increase the rate to 35% of the industry shrank to 65 layout.



data show that in 2010 the Shanghai SASAC supervision of corporate capital operating income last year's total 1.2114 trillion yuan, up 41%; total profit of 79.6 billion yuan, an increase of 88%; net profit attributable to parent company 37.5 billion, an increase of 84% . In the provinces, municipalities, separately listed cities in the SASAC State-owned enterprises and the total operating income in Shanghai accounted for about one-eighth of the total profit accounted for about one-seventh. Last year, the Shanghai local state-owned enterprises to realize an annual GDP of 370.5 billion yuan, 97.1 billion yuan to pay various taxes.

In addition, the layout in the industry, will continue to promote the industry and level of systolic contraction: 5 out of plastic products and other industries, so that the layout of a further contraction in the industry to 65; effective management control in three levels within the enterprise group from the 11 increased to 15, adjusting the clean-up 300 non-core business enterprises (including shell companies), completed 20 bankruptcy projects.