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Addressing Issues Relating to SOEs’ Obligations to Operate Social Programs(No.38, 2016)
2016-05-18
By Liu Shouying & Tang Shasha, China Economic Times
Research Report No.38, 2016 (Total 4921)2016-03-29
Abstract: The CPC Central Committee and the State Council jointly issued the “Guidelines on Deepening State-owned Enterprises Reform” on September 14, 2015, in an effort to further promote SOEs’ reform, remove institutional and systematic barriers, and firmly enable SOEs to become stronger and bigger with sound performance. SOEs have long been bothered by their social obligations to operate social programs, which have hindered their development, added extra burdens to their costs and led to inflexible corporate mechanisms and low profits. In face of economic downward pressure, these problems have become aggravated, impacted their further development and their vitality in reform and market competition. There are totally 216 SOEs involved in social obligations to manage social programs in Hebei province, and the provincial government has made proactive and pilot practice in resolving these long-standing issues. The research group of DRC made a field survey on SOEs in Hebei province from October to December in 2015 and the research findings show that Kailuan Group Co., Ltd. with a history of 138 years has a number of the above-mentioned typical problems remaining to be addressed.
Key words: SOEs’ reform, enterprises’ social obligations to manage social programs, Kailuan Group Co., Ltd.
