The Ministry of Industry and Information Technology has identified seven major industries such as electrolytic aluminum as the focus of mergers and reorganizations

When Zhu Hongren, member of the Ministry of Industry and Information Technology and chief engineer of the Ministry of Industry and Information Technology, was interviewed by the Chinese government on the 26th, he said that the Ministry of Industry and Information Technology will promote the merger and reorganization of enterprises in four areas in the near future. Zhu Hong Ren said that automobiles, steel, cement, machinery manufacturing, electrolytic aluminum, rare earths and other industries are key industries for mergers and reorganizations. Mergers and reorganizations must adhere to market-based methods of operation and promote the importance of maintaining the rights and interests of ordinary workers in mergers and reorganizations. Loss of state-owned assets, while actively supporting the development of SMEs.
Zhu Hong Ren said that in the near future will focus on the following four areas to work: First, the automobile, steel, cement, machinery manufacturing, electrolytic aluminum, rare earth and other industries as the starting point to promote the merger and reorganization of key industries and fields of enterprises, and promote the adjustment of key industries And implement the revitalization plan. The second is to implement the "opinions" task division of labor as the focus, and actively coordinate the relevant departments to pay close attention to detailed policies and supporting measures. The third is to establish a sound organization and coordination mechanism and strengthen the leadership of corporate mergers and reorganizations. The establishment of a company led by the Ministry of Industry and Information Technology, and participated by the Development and Reform Commission, the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Land and Resources, the Ministry of Commerce, the People's Bank of China, the State-owned Assets Supervision and Administration Commission, the State Administration of Taxation, the State Administration of Industry and Commerce, the China Banking Regulatory Commission, and the Securities Regulatory Commission. The merger and reorganization coordination group shall coordinate and coordinate the merger and reorganization of enterprises, study and resolve major issues in the promotion of mergers and reorganizations of enterprises, refine relevant policies and supporting measures, implement relevant requirements for the adjustment and revitalization of key industries, and coordinate with relevant regions and enterprises. Well organized to implement. The fourth is to organize various industry associations and local industrial and informatization authorities to implement the spirit of the document and promote mergers and acquisitions.
Zhu Hong Ren stressed that mergers and reorganization must adhere to market-oriented operation methods. First of all, the main body of mergers and reorganizations is the enterprise. The government should fully respect the wishes of the enterprise, and guide and encourage enterprises to voluntarily participate in mergers and acquisitions through the improvement of relevant industry plans and policy measures. Secondly, mergers and reorganizations must adhere to market-based methods of operation. Enterprises follow the rules of market economy, conduct mergers and reorganizations on the basis of equal consultations and compliance with laws and regulations, and government departments must standardize administrative actions to prevent the so-called “Lang-Lang-matching” behavior. Third, efforts should be made to improve the market mechanism and promote effective competition in the market. The merger and reorganization of enterprises that meet the statutory declaration standards for the concentration of operators should be subject to anti-monopoly review according to law to form a market structure with a reasonable structure, effective competition, and a standardized and orderly market.
Zhu Hongren also stated that while promoting mergers and acquisitions, it is necessary to actively support the development of small and medium-sized enterprises and promote the complementary advantages and coordinated development of large and medium-sized enterprises. The operation of a real market mechanism includes both leading and powerful enterprises and a large group of dynamic small and medium-sized enterprises, so as to form an effective market system.

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