China Mobile's completion of restructuring is good or bad _ What is the significance of China Mobile's restructuring?

On December 25th, @中国移动官微 announced the notice of "China Mobile Communications Corporation completed the restructuring of the company system." Formally changed from the national system to the state-owned enterprise. Many netizens called to say hello, as one of the 1.3 billion shareholders, they were so approved.

China Mobile completed the restructuring is good or bad

Reason for restructuring

In fact, not only the communications industry, but many of the state-owned enterprises that we are familiar with recently have been transformed from “owner-owned enterprises” to “state-owned companies”, including China Aerospace Science and Technology Group Co., Ltd., State Grid, and China National Petroleum Corporation.

China Mobile's completion of restructuring is good or bad _ What is the significance of China Mobile's restructuring?

In fact, in general, a state-owned enterprise is a kind of enterprise owned by the whole people. It is only established in accordance with the Law on Industrial Enterprises under the Whole People, and one is established in accordance with the Company Law. The most direct purpose of restructuring state-owned enterprises is to fully marketize. Go to administrative. The most typical difference between the two forms is that state-owned sole proprietorships implement a board appointment system, while state-owned enterprises are government-appointed.

In fact, the three major operators have always given people a feeling of "slowness" in both corporate decision-making and product service. After entering the mobile Internet era, this feeling became more and more obvious. Compared with the fast-moving Internet companies, the operators are slow-moving elderly people. The problems of user feedback processing is not timely, and product updates are slow to occur, causing users to vomit.

Now, after the restructuring, China Mobile can put down the unnecessary "burden" and play it lightly, making its future actions more flexible, faster, more competitive, and more like a company.

How to change after the reform

Many users will compare Unicom with the telecommunications and mobiles some time ago, and feel that the two communication companies are restructuring, in order to carry out mixed reforms in the future.

It is true that the restructuring of state-owned enterprises is an indispensable step before the reform, but we cannot be sure that all enterprises that have undergone restructuring will be mixed. China Unicom is doing mixed reform because it has the necessity of introducing private capital and is also an experimental sample of mixed reform of state-owned enterprises. China Mobile, nicknamed “Tu Hao”, has a profit of more than 100 billion yuan in 2017. In a short period of time, there is basically no need for mixed reform.

China Mobile's completion of restructuring is good or bad _ What is the significance of China Mobile's restructuring?

Compared with the mixed change, 5Giii believes that the greater possibility is to enable operators to face 5G more easily and flexibly. According to incomplete statistics, the number of 4G base stations is up to 1.51 million, the number of telecommunications is 1.1 million, and that of China Unicom is at least 600,000. The cost of operators in the deployment of base stations is 800 billion yuan. In the 5G period, the number of base stations is several times that of 4G, and the accumulated investment is more than one trillion. Therefore, the deployment of three LTE networks by three operators in the 4G period must not happen again.

Before the arrival of 5G, all three operators completed the restructuring, which also enabled them to flexibly choose a better cooperation mode according to the actual situation when constructing 5G network, thereby reducing their investment pressure and effectively avoiding resources. waste.

What is the significance of China Mobile's restructuring?

All enterprises of the whole country belong to all the masses, but they only rely on the state to operate, so they are called state-owned enterprises. As long as the country has the right to operate, it has no right to deal with wealth and has no right to sell wealth to the public. The ultimate goal is to serve the full name and not to target dividends. The state-owned enterprise is the kingdom of the country, the state has the right to deal with the enterprise assets, and the practice returns the rights to the enterprise, which forms the enterprise's wealth management right.

China Mobile's completion of restructuring is good or bad _ What is the significance of China Mobile's restructuring?

Because of the wealth management right, there is a reference to employee stock ownership.

But there are advantages and disadvantages. The benefit lies in the transformation of the governance structure after the implementation of the state-owned system. It is constructed by the third party of the party committee, the trade union, and the workers' congress, and becomes the new three-member structure of the ancient shareholder meeting, the board of directors, and the board of supervisors. The strength of the new structure is that ceo is the board of directors, all of which will start with strengths and will implement abundant market cooperation.

In the shortcomings, it is indeed a change in the current ambitions. It is still good for the individual and can only be seen as a result of practice.

Extended reading

What is universal ownership?

The so-called "ownership of the whole people" refers to the economic category created in the practice of socialist revolution and construction, and is a concrete rational model formed by socialist public ownership under certain historical conditions. It means that all working people, as a community, jointly possess the means of production, and their property rights are indivisible, and all working people as a community jointly exercise property rights. At this stage, the State implements the property rights of all people on behalf of all the people in the specific realization form of ownership by the state.

What is a state-owned company?

A state-owned sole proprietorship company refers to a limited liability company that is solely funded by the state and authorized by the State Council or the local people's government to appoint the state-owned assets supervision and administration institution of the people's government at the same level to perform the duties of the investor. The state-owned sole proprietorship company meets the general characteristics of a limited liability company: the shareholder is responsible for the company within the limits of its capital contribution, and the company is responsible for the company's debt with all its legal person property. At the same time, the state-owned sole proprietorship company is a special limited liability company whose special performance is that there is only one shareholder of the limited liability company - the state. This is the "Company Law" to adapt to the needs of the establishment of a modern enterprise system, combined with the actual situation in China.

A wholly state-owned company is a state-owned limited liability company. The property funder is the special subject of the state, and the property ownership belongs to the state; while pursuing profitability, it is responsible for carrying out the national economic policy, implementing the national plan, and regulating the special structure of the social economy. It is subject to national policies and laws. Many special treatments and special care of the state enjoy many benefits; they are subject to general corporate regulations and national regulations on state-owned enterprises.

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