Specialized integration of central enterprises, promoting resource concentration and improving the overall efficiency of state-owned economy

CCTV News:On March 29th, the State-owned Assets Supervision and Administration Commission held a ceremony for the professional integration of central enterprises. This round of integration involved related projects among 11 groups of central enterprises. Through professional integration, we will promote the concentration of resources to the main business enterprises and advantageous enterprises, and improve the overall efficiency of the state-owned economy.

This round of integration includes more than 10 central enterprises such as SDIC, Sinopharm, Three Gorges and Chengtong. Among them, China Merchants Group transferred 51% equity of investment products involving domestic and international trade of non-ferrous metals to SDIC for free, which will further enhance SDIC’s influence in the field of commodities serving the national economy and people’s livelihood.

Yangtze River Eco-environmental Protection Group, a subsidiary of China Three Gorges Group, and Suzhou Wujiang Water Group jointly initiated the establishment of Suzhou Wujiang Three Gorges Water Butler Company to build the only water platform in Wujiang, Suzhou, and realize the global integrated "water butler" operation mode.

Weng Jieming, Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council:These projects are not only important key areas such as clean power generation and mineral resources, but also related industries closely related to people’s livelihood such as eco-environmental protection and medical care. They are both resource integration among central enterprises and coordinated development between central and local governments, which are very representative and exemplary.

According to reports, in the next step, the SASAC will also carry out market-oriented mergers and acquisitions around improving the overall competitiveness of the industrial chain, improve the layout in the fields of integrated circuits, industrial mother machines, artificial intelligence, etc., accelerate the realization of autonomy and control in important fields and key nodes, and strive to build a number of innovative state-owned enterprises.