Category: Money Tips Date: 2006-09-26
Part of the sponsor organizations also recently collective "exam" the. Some media said, a local SASAC for the respective shares of 23 listed companies to change the work taken great pains in recent days, a sponsor organizations have, collectively, "draft." "Draft" approach is a collective interview, each of the respective listed companies recommended by two sponsor agencies, "a two elections," the interview results will be released in the near future.
The course of the interview to say very interesting, somewhat similar to intelligence test part of the beauty contest, to the sponsor agency "players" were time-limited response. Scene atmosphere looks somewhat like an examination room by the local SASAC official in charge of state-owned assets authorized by the company as well as other aspects of examiners composed of experts from several groups, and provides each of the sponsor institutions can only use 10 minutes for presentation and answer questions .
Why should we sponsor organizations have, collectively, "draft"? The SASAC has a staff member tells the reason, saying the purpose is to accelerate the process of share reform. Because if the company of their choice, the timing is difficult to master; In addition, the sponsor agencies involved in the choice of the SAC can also be effective in preventing loss of state assets. This is very strange, five ministries emphasize not the "mature one to launch a" do? Is it "grandma" have a collective interview, to speed up the process of share reform it? What is the necessary link between the two? Moreover, before that some listed companies have been selected by the sponsor agencies, programs are basically mature, and now, it ultimately opted to replace all re-do it, in the end to speed up or slow down the self-evident.
Local SASAC for its share reform of listed companies so "escort", the answer is probably because people are tired of hearing the phrase so that the "prevention of loss of state assets" on. In order to allow major shareholders to pay less on dig right price point, hand-sponsor organizations, so that they come up with the right price in line with their own tastes program, this is the fundamental starting point. In this matter, the place is the SASAC and the sponsor agencies also have "battle" about that. The city had initially intended for the SASAC a subsidiary of listed company shares to change the designated sponsor agencies, news came out that led to the unanimous opposition of public sector sponsors. They join together to express opposition to the views of relevant departments in the relevant departments under the good offices of, the place to make concessions to end the SASAC, the final compromise, into the current "two elections a" program.
"Grandma" were eager to pour nothing wrong with the child care, the problem is that such a collective interview, a hasty response checking approach can serve the desired effect. In the first interview, each sponsor agencies have been an average of 10 minutes to reply to the set time. In advance without a fair and uniform standard of circumstances, just 10 minutes of listed companies that really can be elected to the appropriate sponsor institutions? Be able to judge the merits of a sponsor institution? The quality of the program is a mule is a horse had to come up to that time, Liu Liu, if the program alone is very innovative, very low on the price, can save a lot of money for large shareholders, the approval of the shareholders in the circulation when the time is still there, in vain Guobuliaoguan then be "recycled", the costs will be higher.
Not only that, this method may also bring another draft of the negative consequences. Today, the size of the sponsor organizations in order to compete for a share reform items that have been badly beaten. The unity of the local SASAC "gatekeeper" action, the war will undoubtedly be more intense, the sponsor of quality is not guaranteed; In addition, the SASAC "those who signing the reverse I were out" option mode, there are also non - a small rent-seeking space, may make some of the sponsor organizations in order to get projects resorted to various violations of the "tricks."
Central SASAC central public enterprises for global recruiting, local SASAC for the listed company "hand-picked" sponsor agencies, which would otherwise decided by the state-owned enterprises themselves to have done everything to the SASAC. With the gradual deepening of SOE reform, "mother" who hand, more and more like pre-empt the. How to promote the effective maintenance and appreciation of state assets should be more strategic system level design considerations, rather than changes in the selection of the sponsor shares the technical details of these efforts on the poor.
