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Zhu Hongren said that the selection of rare earths and Other six major industries as the focus of mergers and reorganizations is due to the existence of serious duplicate industries, low industrial concentration, lack of independent innovation capability, and weak market competitiveness. In recent years, mergers and acquisitions of companies in the automotive, steel, and cement industries have made positive progress. Selecting these industries as the focus of mergers and acquisitions will help demonstrate the demonstration effect and further promote industrial restructuring and changes in the development model.
According to the “Opinions of the State Council on Promoting Mergers and Acquisitions of Enterprises,†the goal of mergers and reorganizations of the six major industrial enterprises is to increase the degree of industrial concentration and promote large-scale production through the implementation of strong alliances, cross-regional mergers and acquisitions, overseas mergers and acquisitions and investment cooperation among advantageous enterprises. Intensive management, accelerating the development of key enterprises with independent intellectual property rights and well-known brands, cultivating a number of large-scale enterprise groups with international competitiveness, and promoting the optimization and upgrading of industrial structure. In view of the difficulty of cross-regional mergers and reorganizations of Chinese companies, the Opinions pointed out the need to eliminate institutional barriers to corporate mergers and reorganizations, including clearing up regulations that restrict cross-regional mergers and reorganizations, rationalizing the distribution of interest among regions, and liberalizing market access for private capital.
It is understood that "Rare Earth Industry Access Conditions", "Rare Earth Industry Development Special Plan" and "Rare Earth Industry Development Policy" and other documents are currently being brewed. This time into the national key mergers and reorganizations, the pattern of the rare earth industry will be further rewritten.
Rare earth industry entered the national strategic reorganization
Zhu Hongren, member of the Party Committee and Chief Engineer of the Ministry of Industry and Information Technology, said on September 26 that the Ministry of Industry and Information Technology will focus on industries such as autos, steel, cement, machinery manufacturing, electrolytic aluminum, and rare earths in the near future to promote mergers and acquisitions in key industries and fields. . The rare earth industry first appeared in the key industries of mergers and reorganizations at the national level.