State-owned Assets Operation and Management Center, what does this unit do and what are its main responsibilities?

The State-owned Assets Operation and Management Center is an investment and financing platform that focuses on state-owned capital management and state-owned equity management and aims at the securitization and value maximization of state-owned capital.

The responsibilities of the state-owned capital operation and management center:

First, it is an industrial investment platform to realize the strategic intentions of the municipal party committee and government.

The second is a financing platform that operates capital in a market-based manner.

The third is an industrial integration platform that promotes the reform and reorganization of state-owned enterprises and realizes the orderly advancement and retreat of state-owned capital.

The fourth is a venture capital platform that promotes the development of leading industries and corporate technological innovation.

The fifth is to hold equity management platforms for companies listed as a whole or listed for their main business.

Sixth, it is a service platform for enterprises to implement debt restructuring and solve problems left over from history.

The functions of the state-owned assets operation and management center:

1. It can clarify the property rights chain between the government and state-owned enterprises, strengthen equity management and supervision, and rationalize the investment between investors and enterprises relationship with earnings.

2. It can strengthen the will of investors, promote the overall adjustment of state-owned assets layout and the diversified equity restructuring at the first-level enterprise level, and actively cultivate large enterprises and large groups.

3. It can effectively bring into play the scale effect of trillions of assets, form an overall credit platform for state-owned assets, make full use of the capital market, expand the scale of financing, reduce financing costs, and actively respond to the challenges brought by the financial crisis; fourthly, It can support the development of strategic and leading industries, strive to build a high-end, efficient, and highly radiating modern industrial system, and enhance the vitality, control, and influence of the state-owned economy as a whole.