Su Bo, deputy minister of the Ministry of Industry and Information Technology, said at the National Enterprise Merger and Reorganization Work Experience Exchange Conference yesterday that during the "Twelfth Five-Year Plan" period, China will manufacture automobiles, steel, cement, machinery, electrolytic aluminum, rare earths, electronic information, and medicine. Focus on the eight major industries, promote the strong alliance of advantageous enterprises, cross-regional mergers and acquisitions, overseas mergers and acquisitions and investment cooperation to improve industrial concentration. He pointed out that all localities should combine local realities, do not engage in "Langlang distribution", select characteristic industries and key industries, promote mergers and acquisitions of key industries in the region, and strive for the end of the "Twelfth Five-Year Plan" period. Improve and promote mergers and acquisitions in other industries. Su Bo said that the current outstanding problems in China's industrial economic structure are unreasonable industrial organization structure, low industrial concentration, small and scattered enterprises, low level of socialization and specialization, and lack of large enterprise groups with scale advantages. The direct consequence of low industrial concentration is that resource allocation efficiency is not high, and the problems of repeated research and development and repeated construction are serious. It is difficult to improve the level of technical equipment and enterprise management. Su Bo believes that the merger and reorganization of Chinese enterprises lags behind the requirements of adjusting the industrial structure and transforming the economic development mode. Cross-regional mergers and acquisitions are difficult and the issue of interest distribution needs to be broken. Mergers and reorganizations have certain difficulties in taxation, land, debt treatment, and employee resettlement; the service system of mergers and acquisitions is not perfect, and the service level of relevant intermediaries needs to be improved; some mergers Restructuring enterprises have not paid enough attention to reform and innovation and resource integration, which has affected the effect of mergers and acquisitions; the management and services of government mergers and acquisitions have yet to be further improved. Su Bo said that the next step will be to implement and improve various policies and measures, improve management and services, establish a sound coordination mechanism, adhere to market-oriented operations, fully respect the will of enterprises, and guide and encourage enterprises to participate in mergers and acquisitions voluntarily and independently.
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