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National Office forwards "promoting merger and reorganization of infant formula milk powder enterprises"

资讯详情

National Office forwards "promoting merger and reorganization of infant formula milk powder enterprises"

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2014-06-17 13:28
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(Summary description)The general office of the State Council recently forwarded the "work plan for promoting the merger and reorganization of infant formula milk powder enterprises" (hereinafter referred to as the "work plan") jointly formulated by the Ministry of industry and information technology, the development and Reform Commission, the Ministry of Finance and the State Food and drug administration, to further standardize the market order, promote the merger and reorganization of enterprises, optimize the industrial structure, improve the quality and efficiency, and promote infant formula milk powder enterprises Healthy development of milk powder industry.
The work plan pointed out that the quality and safety of infant formula milk powder is not only a major livelihood issue, but also a major economic and social issue. In order to continuously improve the overall level of quality and safety of infant formula milk powder in China and promote the development of infant formula milk powder

National Office forwards "promoting merger and reorganization of infant formula milk powder enterprises"

(Summary description)The general office of the State Council recently forwarded the "work plan for promoting the merger and reorganization of infant formula milk powder enterprises" (hereinafter referred to as the "work plan") jointly formulated by the Ministry of industry and information technology, the development and Reform Commission, the Ministry of Finance and the State Food and drug administration, to further standardize the market order, promote the merger and reorganization of enterprises, optimize the industrial structure, improve the quality and efficiency, and promote infant formula milk powder enterprises Healthy development of milk powder industry.
The work plan pointed out that the quality and safety of infant formula milk powder is not only a major livelihood issue, but also a major economic and social issue. In order to continuously improve the overall level of quality and safety of infant formula milk powder in China and promote the development of infant formula milk powder

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2014-06-17 13:28
  • Views:
Information
The general office of the State Council recently forwarded the "work plan for promoting the merger and reorganization of infant formula milk powder enterprises" (hereinafter referred to as the "work plan") jointly formulated by the Ministry of industry and information technology, the development and Reform Commission, the Ministry of Finance and the State Food and drug administration, to further standardize the market order, promote the merger and reorganization of enterprises, optimize the industrial structure, improve the quality and efficiency, and promote infant formula milk powder enterprises Healthy development of milk powder industry.

The work plan pointed out that the quality and safety of infant formula milk powder is not only a major livelihood issue, but also a major economic and social issue. In order to continuously improve the overall level of quality and safety of infant formula milk powder in China, and promote the sustained and healthy development of infant formula milk powder industry, we should promote the implementation of double emphasis on the dairy enterprises that have obtained the qualification of infant formula milk powder production in accordance with the requirements of new industrialization, guide the concentration of production factors to advantageous enterprises and key regions, and promote the production of infant formula milk powder The industry has developed in a standardized, large-scale and modernized way.

By 2015, we will strive to form about 10 large infant formula milk powder enterprise groups with annual sales revenue of more than 2 billion yuan, and the industry concentration of the top 10 domestic brand enterprises will reach 65%; by 2018, we will strive to form 3-5 large infant formula milk powder enterprise groups with annual sales revenue of more than 5 billion yuan, and the industry concentration of the top 10 domestic brand enterprises will exceed 80%.

In order to ensure the realization of the above goals, the work program specifies the following policy measures. First, strict industry access and production qualification management. According to the drug production management measures, the detailed rules for the examination of the production license of infant formula milk powder were formulated, and the industry access standards, production specifications and production license conditions were further strict.
 
Enterprises that do not meet the industrial policies and production conditions shall not be granted production licenses; enterprises that do not continuously maintain the license conditions and do not meet the requirements of good production practices shall stop production within a time limit for rectification, and those that still do not meet the requirements after rectification shall be disqualified from producing infant formula milk powder.

Second, simplify the examination and approval procedures. Strengthen the linkage of departments and implement parallel examination and approval. The change procedures of production license, industrial and commercial registration and asset ownership certificate involved in merger and reorganization shall be handled within a short time.

Third, increase financial and tax support. The enterprise income tax can be deferred for the gains from merger and reorganization or the appreciation of assets appraisal; the deed tax, land value-added tax and stamp tax involved can be reduced or exempted according to the current tax policy. At the same time, the central finance supports the merger and reorganization of enterprises by eliminating backward production capacity, rewarding technological transformation, closing small enterprises and other channels.

Fourth, increase financial support. Financial institutions in the banking industry shall give comprehensive credit to merger and reorganization enterprises. Qualified enterprises are allowed to issue preferred shares and directional convertible bonds as payment means of merger and reorganization. There is no lower limit for the number of shares issued by listed companies, and performance commitment is no longer required for merging non affiliated enterprises. The merger and reorganization of non listed public companies does not implement the system of comprehensive tender offer.

Fifth, implement land management policies. The allocated land involved in the merger and reorganization may continue to be used in the form of allocation with the approval of the people's government with the right of approval; the original allocated land for production and operation may be disposed of in the form of capital contribution (equity) with the approval of the people's government at or above the provincial level.

(source: China Dairy Industry Association)
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