Four ministries hands Yuduan monopoly power ESOP blood ban.

<P> SASAC, the State Development and Reform Commission, Ministry of Finance and the State Electricity Regulatory Commission issued a document requiring the management and grid companies shall not hold key positions in local power company shares. .This provision after five years of deliberation, debate and repeated revisions, released its long-standing dispute on the power industry employee stock ownership is proposed the final solution. .</ P> <P> a long historical legacy </ P> <P> It http:// hearing, the employee stock ownership power is the power industry a long-standing historical issues. .After the electricity reform in 2002, a group of power companies with employee stock ownership monopoly power grid company employees, with regard to equity and assets, the advantage lay, making the rapid expansion of its assets, within the power industry has become the new "giant." ."Opinions" that the employee stock ownership power, due to irregular operations, has led to unfair competition, transfer of state-owned enterprise profits and losses of state assets and other issues. .</ P> <P> "opinion" clearly states, power grid enterprises corporate equity held by employees should be to regulate the behavior. .Among them, "(city) level leading group members of the grid companies and power grid enterprises above the provincial level dispatch personnel, financial officers, more than middle managers, shall not directly or indirectly, the province (autonomous regions and municipalities) within the coverage area power grid .business of the company. has held the province (autonomous regions and municipalities) within the coverage area power grid enterprise equity, the issuance of this opinion shall within one year from the date of lay off or transfer of all of them, give priority to power generation companies can buy back. " .</ P> <P> In addition, other employees "not overweight province (autonomous regions and municipalities) grid power generation companies within the coverage area of the shares held by a voluntary lay off or transfer of equity, power generation companies to give priority to return to .purchase. "employee stock ownership for the existence of acts of power generation enterprises, the provisions should be" in accordance with relevant laws and regulations require the disclosure of information on electricity trading, electricity regulatory agencies to accept supervision and inspection. " .</ P> <P> The document also employees of power enterprises conduct business investment in power generation the norm. .Workers may not be directly provided power to invest in "share the same infrastructure, or the same production and management system of generating units, not the overflow hole in the dam, spillway investment to install generators." .As for the stake has been held, and should be "gradually lay off or transfer to be." .</ P> <P> five years of brewing </ P> <P> solve the power ESOP voice a long time. .Back in early 2003, the China Investment Association, Chen Guangjian to the leadership of the State Council submitted a report reflecting the power system in Shandong Luneng Group employee stock ownership problem. .Year in August, the SASAC, the Ministry of Finance, Development and Reform Commission jointly issued a request "to suspend investment in electricity power system enterprise employees," the state-owned No. 37. .Subsequently issued rules and decided to standardize the existing employee stock ownership, related party transactions the company off the grid. .But the parties for the specific operational methods are different views, so that the formulation of the rule is delayed for five years. .</ P> <P> 2006, Shandong Luneng Group took the lead in the workers Divestment, and the price of the net assets transferred to two private companies. .The industry has caused great controversy. .Industry generally believe that if the employee stock ownership norms do not put the file in question, workers across the country have started holding company restructuring and divestment actions rise to a "snowball"-like chain reaction. .Therefore, after the relevant departments in the protracted, has decided to shelve disputes, first as soon as possible "rules." .</ P> <P> how to monitor </ P> <P> "The key is to have a clear political signal that the workers engaged in monopolistic business, no longer holds a monopoly of business-related shares, the policy signals must be .immediately come out. "involved in drafting an official said. .In this document, after the introduction, the problems, it is on this basis, how the operation. .</ P> <P> "operational will be the" rules "the biggest problem during execution. Power ESOP companies all over the country, not only at the provincial level, and even quite a few cities in the county and township are prevalent, asset condition, .the scale of development are not the same. some of which have completed the ESOP restructuring enterprises to private enterprises. In repaying the employee shares, after a long period of time still need to strengthen regulation in this area. "a State Electricity Regulatory Commission .official said, "must be two-pronged, separate them from the property rights; other regulatory business from the monopoly, or monopoly corporate governance by strengthening the implementation." </ P>.