in 2016 February 2016, to accelerate the process of reform of state-owned enterprises, the SASAC issued as ten pilot reform in May 2016; the “central enterprises to deepen the reform of fitness and health work program” approved by the central enterprises require compression management; in August 2016 the SASAC issued “on the state-owned holding enterprises of mixed ownership of employee stock ownership

the opinion”, to carry out the pilot ESOP put forward clear requirements; October 2016 NDRC mix change “6+1″ pilot program, China Eastern Airlines Group, Malcolm Butler China Unicom Group, China Southern Power Grid, Harbin Power Group, China nuclear construction, Moncler Doudounes China ship and Zhejiang Province to become the first pilot object; in December 14, 2016 the central economic work conference pointed out that speeding up the seven industry mixed reform process. ADIDAS ZX 750 Intensive release of SOE reform policies in 2016, the framework of the reform of

state-owned enterprises basically set up to speed up the reform of state-owned enterprises, New Balance Pas Cher a good foundation for 2017 to implement the reform of state-owned enterprises. Chemical enterprise profitability, reform imminent The third quarter of 2016, Canada Goose Freestyle Gilet the state-owned enterprises in the chemical sector flat revenue and private enterprise, but net profit was only 1/3 private enterprises, Adidas Superstar Femme Portee poor overall profitability. In recent years, the ROE and the net profit margin, the state- owned enterprises are far behind the private enterprises. The chemical industry especially the traditional chemical industry, product maturity, the downstream market is single, intense competition in the market. The state-owned enterprises in the

transformation and upgrading, the capital operation of private enterprises is lack of flexibility, resulting in market competition continue to fall under the wind. Kevin Durant Shoes But on the other hand, state-owned enterprises especially the central enterprises are experiencing a large group of small companies, asset securitization rate is low, the listed company behind the company has a large number of high-quality assets and core technology, once completed asset injection, Adidas Zx Flux Homme Rouge the company’s performance will be greatly improved, so the reform of state owned chemical enterprises is imminent.