To strengthen the management of China's rare earth industry and the formation of large enterprise groups

Deputy Minister of Industry and Information Technology Ministry recently said Su Bo , China's rare earth industry for more than two years, according to the law of survival of the fittest market mergers and acquisitions , has been basically formed six companies led industry development pattern. Next , China will further strengthen the management of the rare earth industry , focusing on this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups.

Su Bo said rare earth management will fully play a decisive role in the allocation of resources in the market , business-oriented , diversified investment, market -oriented operation ; played the role of good government , a combination of economic , technical, legal and necessary administrative means to eliminate institutional mechanisms obstacles , make the best use to promote mergers and acquisitions, corporate formation of both internal incentive , another external regulatory policy system of accountability to promote mergers and acquisitions changed from "Let me rephrase " to " I want to reorganization ."

Su Bo said that the rare earth industry mergers and acquisitions work must be clear responsibility of the government , enterprises and departments. Local governments should establish coordination mechanisms play a decisive role of the market in resource allocation , and mergers and acquisitions in the region of unified planning work ; remove institutional hurdles , and resolutely combat illegal rare earth mining, production and circulation behavior ; coordinating off, converting, personnel placement , maintenance of major issues of social stability , and support for the central enterprises and other groups to carry out cross-regional mergers and acquisitions work . Led enterprises to earnestly implement the integration , commitment to corporate consolidation, employee relocation , debt disposal , financial compensation and other liability ; clear equity relationships , improve corporate governance structure ; strict implementation of the management system of the country , together with other groups to maintain market order and the industry as a whole interests.


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