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Actively and steadily carry the work forward
Leaders from the provincial government provide important instructions on the work of enterprise closedown and bankruptcy in the entire province

Anhui state-owned assets network June 2 2004

On April 9 2004, Yang Zhenchao, director of the provincial state-owned assets commission, presented a report at the provincial governor¡¯s work conference on the work of enterprise closedown and bankruptcy since 1997 and the overall arrangements and specific measures of the work this year. Liu Dehua, deputy director of the commission, and the officer in charge of Closedown and Bankruptcy Office participated in the conference. Based on the report, Wang Jinshan, governor, Ren Haishen, standing deputy governor and Huang Haisong, deputy governor, made important instructions on enterprise closedown and bankruptcy in the entire province.
Wang Jinshang fully approved the achievements made in the work of enterprise closedown and bankruptcy in the entire province in the recent years. He thinks that the achievements in the work of closedown and bankruptcy in the entire province are obvious and the work proceeds steadily. The closedown and bankruptcy has made a batch of enterprises in a disadvantageous position exit from the market in an ordered way, effectively placed employees, vitalized inventory assets and boost up the building of modern enterprise system. The provincial state-owned assets commission has done a significant amount of work in this aspect. The enterprise closedown and bankruptcy is a very real task at present and also a tough one. The commission and related departments are to attach importance to it. Actively and steadily carry it forward.
Wang Jinshang expressed his approval of the overall arrangements and measures of enterprise closedown and bankruptcy in the entire province this year. He emphasized the implementation of closedown and bankruptcy of enterprises that are in financial difficulties should be done the sooner the better. The later the less assets the enterprises will have and the more cost will be needed for the reform. The closedown and bankruptcy also involves employee personal interest. Therefore, firstly, strengthen the organization and guidance of the work; secondly, steadily carry the work forward; and thirdly, make sure the fund for the work is available. The financial departments at all levels are to solve the fund issue accordingly. At present, two issues should be well solved: firstly, actively strive for acquiring project plan and fund from upper level government, and strive for a sound implementation of the work for the employees. Secondly, make full use of policy; use enterprises¡¯ assets to digest enterprise own problems, and safeguard employees¡¯ legal right and interest. It is important to make a good arrangement for employees¡¯ life in bankrupted enterprises. Enterprise closedown and bankruptcy is a sensitive, important and careful work, involving all parties¡¯ interest. Therefore, put employees congress into full play, and put the Party, the League and labor union into full play. Do a good political and ideological work. In conclusion, big achievements were made previously and there is a lot of work to do for the next step. Do a thorough work, forcefully carry the work forward and guarantee the stability.
After listening to the report, Ren Haishen, standing deputy governor, emphasized closedown and bankruptcy for policy considerations is a good policy. The sooner the closedown and bankruptcy is implemented the sooner the initiative will be taken. The toughest difficulty the enterprises are facing is the placement of employees. The restructuring of enterprise valid assets is a win-win tactic, which enables enterprises in financial difficulties to overcome the difficulties on the one hand and enables enterprises in an advantageous position to expand at a low cost on the other hand. Unswervingly carry the work forward.
Huang Haisong, deputy governor, pointed out in the conference, for a few year why the work of the closedown and bankruptcy has successfully proceeded is adhering to ¡°4 can¡¯ts¡±, i.e. imperfect bankruptcy implementation scheme can¡¯t enter into bankruptcy proceedings; no unworkable employees placement scheme can¡¯t enter into bankruptcy proceedings; the scheme without the approval of employees congress can¡¯t enter into bankruptcy proceedings, and unworkable fund and restructuring scheme for the bankruptcy can¡¯t enter into bankruptcy proceedings. The task of closedown and bankruptcy is difficult and involves many sectors. There is a lot of work to do this year. Therefore make sure to continue adhering to ¡°4 can¡¯ts¡±, grasp key sectors and take effective measures to ensure the completion of the task.

 

 
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