Yangtze River Business Daily Pentium News reporter Li Jing.
Listed companies are an important micro foundation for high-quality economic development, and promoting the high-quality development of listed companies will help high-level scientific and technological self-reliance and self-reliance, accelerate the construction of a modern industrial system, and help enhance market confidence.
On January 29, at the assessment and distribution work meeting of ** enterprises and local SASAC held by the State-owned Assets Supervision and Administration Commission, the assessment and distribution work of state-owned assets and state-owned enterprises in 2023 was summarized, and the key work in 2024 was studied and deployed.
It is worth noting that the news delivered at this meeting shows that in 2024, the SASAC will comprehensively promote the market value management assessment of listed companies.
On January 24, the State-owned Assets Supervision and Administration Commission (SASAC) said at the press conference of the State Council Information Office that it would further study the inclusion of market value management in the performance appraisal of the person in charge of the enterprise, guide the person in charge of the enterprise to pay more attention to the market performance of the listed companies controlled by the company, and timely convey confidence and stabilize expectations through the application of market-oriented means such as increasing holdings and repurchases, increasing cash dividends, and better rewarding investors. On January 26, the State-owned Assets Supervision and Administration Commission (SASAC) published a signed article in the "Learning Times" entitled "Create a New Situation of High-quality Development of State-owned Central Enterprises with New Responsibilities and New Actions", emphasizing the need to further promote the special action to improve the quality of listed companies controlled by central enterprises, improve the performance evaluation system of listed companies, and fully reflect the true value of listed companies.
The meeting proposed that on the basis of the early pilot exploration and accumulation of experience, we should comprehensively promote the market value management assessment of listed companies, adhere to the equal emphasis on process and results, equal incentives and constraints, quantitatively evaluate the market performance of listed companies controlled by enterprises, and objectively evaluate the measures and effectiveness of enterprise market value management.
According to the incomplete statistics of the Yangtze River Business Daily Pentium News reporter, the number of state-owned enterprises of A-share listed companies has reached 1,472, and 478 of them are controlled by state-owned assets, effectively helping to become stronger, better and more state-owned capital and state-owned enterprises. With the deepening of the new round of state-owned enterprise reform, state-owned capital is expected to actively deploy the science and technology innovation board through IPOs, spin-offs and listings, strategic investments, etc.
In 2024, the State-owned Assets Supervision and Administration Commission (SASAC) will further optimize the assessment and management system of state-owned assets and state-owned enterprises, that is, focusing on high-quality development, promoting enterprises to further improve their core competitiveness, promoting central enterprises to further build world-class enterprises, and establishing a target management system of "one profit and five rates". The so-called "one profit" is to highlight the assessment of profit indicators and fully reflect the ability of enterprises to create value for the society. The "five rates" are the return on net assets, the labor productivity of all employees, the intensity of R&D investment, the operating cash ratio, and the asset-liability ratio.
**State-owned Assets Supervision and Administration Commission said that in 2024, it will fully implement the "one enterprise, one policy" assessment, coordinate the common quantitative indicators and the differences of individual enterprises, and on the basis of adhering to the "one profit and five rates", according to the functional positioning of the enterprise, the characteristics of the industry, and the undertaking of major tasks, increase the targeted assessment indicators that reflect the ability of value creation, and sign a personalized business performance responsibility letter with "one enterprise and one policy", and strive to improve the accuracy and effectiveness of the assessment.
At the same time, the State-owned Assets Supervision and Administration Commission will establish a "double plus" mechanism for assessment, and set the assessment objectives of benefit indicators in different grades. Enterprises that outperform the national economic growth rate will be given extra points in the assessment, and special awards for improving quality and efficiency will be set up at the same time, and additional points will be given to enterprises that have made outstanding contributions, so as to guide the best enterprises to actively determine challenging goals to ensure a "good start" in the first quarter and steady growth throughout the year, so as to increase confidence and confidence for the national economy to rebound.