| 21-9 CONDITION OF REFORM AND STANDARDIZATION OF | ||
| ENTERPRISE GROUPS(1999) | ||
| Item | Number | Percentage |
| of Units | (%) | |
| Number of Total Enterprise Groups | 185 | 100.0 |
| By Establishment of the System of a Parent Company and its Subsidiaries | ||
| Established | 140 | 75.7 |
| Non-established | 45 | 24.3 |
| By Function of Parent Company | ||
| Pure Governance Company | 42 | 22.7 |
| Mixed Operation Company | 143 | 77.3 |
| By Execution of Consolidated Accounting Statement System of Group | ||
| Executed | 141 | 76.2 |
| Non-executed | 44 | 23.8 |
| Establishment of Capital Contributor System of Parent Company | ||
| Established | 143 | 77.3 |
| Capital Contributor has Power to make Significant Operating Policy | 143 | 77.3 |
| Capital Contributor has Power to Chose the Enterprises Operator | 124 | 67.0 |
| Capital Contributor has Power to Collect Assets Income | 97 | 52.4 |
| Non-established | 42 | 22.7 |
| By Establishment Condition of Parent Company Organizational Structure | ||
| Stockholders' Meeting Established | 108 | 58.4 |
| Board of Directors Established | 162 | 87.6 |
| Board of Supervisors Established | 126 | 68.1 |
| By Emergence of the General Manager of Parent Company | ||
| Appointed by the Board of Directors | 101 | 54.6 |
| Directly Appointed by Administrative Department at the Higher Level | 42 | 22.7 |
| Designated by Investment Agency Authorized by the Owner of State Assets | 1 | 0.5 |
| Nominated by Administrative Department at the Higher Level and Appointed by the Board of Directors | 32 | 17.3 |
| Others | 9 | 4.9 |
| Implementing 'Nine-Major' Policies to form a Complete System of Groups | ||
| With 'Self -decision Making Right' of Investment | 169 | 91.4 |
| With Right to Finance Externally | 32 | 17.3 |
| With Right to Guarantee Externally | 124 | 67.0 |
| With Right to Engage in Import and Export Trade of Products on Its Own Account | 89 | 48.1 |
| With Right to Pay Consolidated Taxes | 72 | 38.9 |
| With Right to Contract Projects and Cooperate with Foreign Countries | 91 | 49.2 |
| With Right to Examine and Approve Foreign Affairs | 18 | 9.7 |
| Technical Research and Development Center Established | 94 | 50.8 |
| Finance Company Established | 40 | 21.6 |
| By Listing of Member Companys of Group | ||
| With Member Company Listed | 26 | 14.1 |
| Number of Listed Companys | 26 | -- |
| Type of Shares Issued by Listed Company | ||
| (1) A Shares | 26 | -- |
| (2) B Shares | -- | |
| (3) H Shares | 3 | -- |
| No Member Company Listed | 160 | 86.5 |
| Methods for Groups to Expand Scales | ||
| Bank Loans and New Construction Projects | 159 | 86.0 |
| Merging and Purchasing Other Enterprises by Means of Marketing | 119 | 64.3 |
| Financing in Capital Market through Shares and Bonds | 62 | 33.5 |
| Joint-venture and Joint-owned with Foreign Enterprises | 26 | 14.1 |
| Assets Restructuring by Means of Property Right Division | 99 | 53.5 |
| Main Obstacles of Mergers, Acquisitions and Assets Restructuring | ||
| Regions and Departments are Separated | 39 | 21.1 |
| The Reform of State-owned Assets Management System is Lagging | 104 | 56.2 |
| Immperfection of Capital Markets and Property Right Trading Markets | 91 | 49.2 |
| Bad Debts in Bank of Enterprises Mergered | 113 | 61.1 |
| Incapable of Placement of Staff and Workers from Enterprises Mergered | 112 | 60.5 |
| Immperfection of Market Intermediary Institutions | 21 | 11.4 |
| Main Problems of Internal Management Faced by Enterprises Group | ||
| Relationships of Internal Property Right not Straighten out | 107 | 57.8 |
| Immperfection of the System of a Parent Company and its Subsidiaries | 108 | 58.4 |
| Absence of Incentive and Restraint Mechanisms for Operators | 115 | 62.2 |
| Weakness of the Functions of Departments of Property Right Management | 73 | 39.5 |
| More Intervention of Administrative Department at the Higher Level | 37 | 20.0 |
| Standardization of Consolidation of Enterprises Groups | ||
| Standard Consolidation | 38 | 20.5 |
| Nonstandard Consolidation | 147 | 79.5 |
| Registered Capital of Parent Company below 50 Million Yuan | 76 | 41.2 |
| Registered Capital of Parent Company and Its Subsidiaries below 100 Million Yuan | 112 | 60.5 |
| Number of Subsidiaries below 5 | 104 | 56.2 |
| No Subsidiaries | 39 | 21.1 |