The State Oil Pipeline Company will be listed in the second half of the year

Following the reorganization of the "North-South Ship", the reorganization of Poly Group and China Filament Group sounded the trumpet of the reorganization of the central enterprises once again. Industry insiders believe that in the second half of the year, the three major paths of industrial chain restructuring of central enterprises, professional restructuring and central-local restructuring will be accelerated. China Chemical and Sinochem Group is expected to land in the second half of the restructuring, and the National Oil and Gas Pipeline Company will soon be listed; the professional restructuring in the fields of environmental protection and duty-free products is being actively promoted; and the restructuring of local state-owned enterprises by central enterprises will also become a new trend.

Central enterprise merger and reorganization speeded up to solve the problem

According to SASASAC news on July 8, with the approval of the State Council, Poly Group and Sino-China Group carried out restructuring, Sino-China Group as a whole transferred to the Poly Group gratis, no longer as a direct supervision enterprise by SASAC. So far, the number of central enterprises supervised by SASASAC has decreased to 96.

"This is a typical way of annexation, which can improve the efficiency of operation through industrial chain reorganization." Zhou Lisa, a researcher at the SASASAC Research Center of the State Council, said that in accordance with the principle of complementary advantages and win-win development, the restructuring was carried out with the goal of strengthening the core competencies of both sides and realizing the cooperative sharing of business resources. China Securities News recently learned that the long-rumored restructuring of China Chemical and Sinochem Group is expected to land in the second half of the year. Li Jin, Executive Director of China Enterprise Research Institute, believes that if the two chemical giants are finally reorganized, they are expected to enhance their concentration, complement each other's strengths, reduce homogeneous competition, form new industrial chains, improve efficiency and efficiency, and create a world-class enterprise with international competitiveness. Asset-liability ratio, reduce the debt pressure of enterprises. National Petroleum Pipeline Company will be listed

It is known that the long-brewing National Petroleum and Natural Gas Pipeline Company may be listed in the third quarter. Guo Haitao, an associate professor at the School of Economics and Management, China University of Petroleum, believes that the establishment of pipeline companies will help promote third-party access, improve downstream competition mechanism, and help to achieve "cost reduction and efficiency increase" in the natural gas industry. However, the establishment of a single national pipeline company will also face many difficulties and tests. For example, the national pipeline company will have a monopoly position relative to the upstream and downstream, and its supply capacity, construction and maintenance capacity, coordination and dispatching capacity will undergo greater test. Secondly, the establishment of pipeline companies or facing the most complex asset integration. In the future, the establishment of pipeline companies will reshape China's natural gas market, but it will also face greater pipeline construction pressure, capital flow pressure and how different gas sources can realize undifferentiated transportation in a pipeline network.

Pipeline Company will accelerate pipeline construction. According to Guoxin Securities, the total investment of oil and gas pipeline network during the 13th Five-Year Plan period is 610 billion yuan, of which the total investment of natural gas pipeline network is 440 billion yuan, with an average annual investment of 122 billion yuan. Guoxin Securities believes that pipeline companies are expected to promote free docking of upstream and downstream gas purchases and sales, boost both supply and demand, and deepen the reform of natural gas price marketization. Combined with current policy expectations and market style, short-term natural gas industry chain and related pipeline construction sectors have thematic benefits. At the beginning of this year, SASASAC put forward that it will continue to promote professional integration in the fields of power, non-ferrous metals, steel, marine equipment, environmental protection and duty-free products. Promoting regional resource integration and reducing homogeneous competition. At present, the integration of marine engineering equipment has started. In April, China Chengtong, CNOOC and China Shipping Industry, China Shipping Heavy Industry and other five state-owned enterprises established Guohai Marine Wage Property Management Co., Ltd. In the future, the state-owned enterprises will integrate, lease and dispose of hundreds of billions of marine engineering equipment. At the same time, the restructuring of environmental protection led by the Three Gorges Group is actively advancing.

The relevant person in charge of the Three Gorges Group said earlier that the Three Gorges Group has started to build up the business sector of eco-environmental protection, set up the China Yangtze River Eco-environmental Protection Group, to take the lead in setting up the China Yangtze River Green Development Fund and establishing the National Engineering Research Center of eco-environmental protection, so as to form a professional force and implementation platform for jointly grasping the great protection of the Yangtze River. Efforts will be made to build ecological environment protection into the core competitiveness of the Three Gorges Group. At present, the Three Gorges Group has signed strategic cooperation framework agreements with many regional governments, central enterprises and well-known environmental protection enterprises to jointly grasp the protection of the Yangtze River.

In addition, China Travel is withdrawing from the travel agency business after many restructuring arrangements, focusing on the main tax-free business. At present, China Travel has fully laid out the duty-free shop business in Beijing, Shanghai and Hong Kong airports, as well as Haitangwan duty-free shopping mall in Hainan Island. At the same time, the central enterprises restructured the local state-owned enterprises frequently. Recently, Minmetals Group or the owner of tin industry shares, Guiyan platinum industry; China Baowu restructured Maanshan Iron and Steel Group, China Merchants Bureau Group has recently realized the control of Liaogang Group. Li Jin believes that in the future, specialization and industrial restructuring of central and local state-owned enterprises will become a trend, focusing mainly on resource and competitive state-owned enterprises.