Improving the quality of management and business efficiency by owned Ministry of Industry and Trade

To improve the quality and efficiency on management of enterprise, especially in the equitized enterprise, there are some recommendations as follows: 

- Promulgating soon regulations on the owner, the representative of the owner, the mechanisms for monitoring, control and management functions between ministries and sectors to avoid having too many owners in the business groups, corporations with 100% state capitals today. 

- Promulgating soon standards which state representative, supervisor and the direct managers of state shares in joint stock companies, increased authority and responsibility of the representatives of state capitals; supplement additional regulations on allowances, incentive compensation and settlement policies after not being appointed as the representative of State capitals. 

- Promulgating investment management mechanisms, development towards self-responsibility of the business. At the same time, clearly defined responsibilities (including responsibility for the matter) for an enterprise if its investment is inefficient, loss, loss of payment ability, the specific provisions on investment restrictions for the economic groups and corporations, companies for the business is not the primary task. 

- With respect to equitized enterprises with remained state capitals, there should be an itinerary for selling their state capitals to enable investors to participate in enterprise management. 

- To accelerate the equitization of enterprises with 100 percent of state capitals as prescribed. 

- To promote propoganda, education and upgrade awareness for the contingent of workers; innovating and improving the efficiency of state management for the enterprises; improving investment environment and boosting the reform of administrative operations; at the same time, enhancing supervision and inspection activities of the enterprise.