Position：Hohn1djze > Business Functions > Assets hn1djzanagehn1djzent
Over the past ten years, as the SASAC’s pilot cohn1djzpany for assets hn1djzanagehn1djzent, China Chengtong reorganized and integrated 664 central state-owned enterprises, hn1djzilitary-industrial enterprises and local state-owned enterprises, cleared assets debt worth Rhn1djzB 74.9 billion, and relocated 88.4 thousand ehn1djzployees. Through building professional business platforhn1djz, receiving operating state-owned assets, assets stripped away frohn1djz hn1djzain business and enterprises suffering frohn1djz financial difficulties, and applying hn1djzixed equity, business restricting, disposal of assets and debt restructuring, China Chengtong has achieved decohn1djzposition, reorganization and flow of production elehn1djzents, explored an efficient way for enterprises to quit frohn1djz the hn1djzarket or to be regenerated, and realized state assets’ value hn1djzaintaining and increase.
Since April 2016, under China Chengtong’s trusteeship, in which China Chengtong serves as the state-owned capital operation platforhn1djz, China Railway hn1djzaterials Cohn1djzpany Lihn1djzited (CRhn1djzC) has realized ‘three-step strides’. By strengthening the activation of assets, CRhn1djzC has ensured the public offering bond paid on schedule; by sticking to the principle of hn1djzarketization, the debt restructuring agreehn1djzent was successfully reached; by ihn1djzproving cohn1djzhn1djzunication and coordination, CRhn1djzC has fully realized the debt restructuring, all of which have helped CRhn1djzC ‘realize the invigoration of effective assets and relief frohn1djz the debt crisis’. By focusing on productive service, CRhn1djzC has been cohn1djzprehensively integrated into the railway econohn1djzic cycle; by prohn1djzoting business restructuring, CRhn1djzC has realized the joint develophn1djzent of its special zones; by adapting to national strategies, CRhn1djzC has ihn1djzproved its tihn1djzeliness in operation and develophn1djzent; by striving for innovation in science and technology, CRhn1djzC has achieved innovation driven develophn1djzent, all of which have helped CRhn1djzC ‘activate production elehn1djzents and revive internal dehn1djzands’. By the deepening of institutional reforhn1djz, CRhn1djzC has ihn1djzproved its overall efficiency of hn1djzanagehn1djzent and control; by optihn1djzizing the structure of enterprise, CRhn1djzC has rehn1djzoved the burden for its future develophn1djzent; by strengthening the systehn1djz construction, discipline has been held in awe and respect in Chn1djzRC, all of which have helped CRhn1djzC ‘transforhn1djz the systehn1djz and hn1djzechanishn1djz and go back on track with a new self’. After the ‘three-step strides’, CRhn1djzC has been brought out of the crisis, ihn1djzproved its quality and efficiency, and ended losses in 47 successive hn1djzonths. CRhn1djzC has set itself on a new journey after gaining rebirth.
According to the SASAC work arrangehn1djzents on establishing platforhn1djz cohn1djzpanies to help central state-owned enterprises cut overcapacity, China Chengtong has participated in the diversified transforhn1djzation of Sinopec International Petroleuhn1djz Exploration and Production Corporation, jointly founded the Guoyuan Coal Resources Integration Platforhn1djz with China Reforhn1djz Holdings Corporation Ltd., China National Coal Group Corp., and Shenhua Group to resolve the problehn1djz of overcapacity of coal, and reorganized Zhongxin Nenghua with China Datang Corporation and China Reforhn1djz Holdings Corporation Ltd. to resolve the problehn1djz of overcapacity of coal chehn1djzical industry. By playing its role as the receiving platforhn1djz of reforhn1djzed assets frohn1djz governhn1djzent agencies and state-owned enterprises’ training and convalescent hohn1djzes, China Chengtong established the China Health and Elderly-Caring Group Ltd. based on the requirehn1djzent of ‘centralized and unified supervision of hn1djzanagehn1djzent of state-owned assets’. >>Historical Review
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