Investigation on the approval of the hottest estab

2022-08-13
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Investigation on the approval of the establishment of China Railway Corporation

on the 14th, the State Council issued the notice of the State Council on the establishment of China Railway Corporation and timely issued the reply to the relevant issues of China Railway Corporation on the "notice on doing a good job in the measurement guarantee during the prevention and control of the epidemic of novel coronavirus infected pneumonia". The registered capital of China Railway Corporation is 1036billion yuan. It is also clear that the state will not levy the income from state-owned assets on the company until the historical debt problem is solved. Do not increase the cost of railway reform

According to the reply, China Railway Corporation is a wholly state-owned enterprise established with the approval of the State Council and in accordance with the law of the people's Republic of China on industrial enterprises owned by the whole people. The Ministry of Finance performs the responsibilities of the investor on behalf of the State Council, and the Ministry of transport and the state railway administration carry out industrial supervision on the company in accordance with the law

the reply agreed to transfer the relevant assets, liabilities and personnel of the former Ministry of Railways to China Railway Corporation, and take the rights and interests of the former Ministry of Railways in 18 railway bureaus (including Guangzhou Railway Group Corporation and Qinghai Tibet Railway Corporation), 3 professional transportation companies and other enterprises as the state-owned capital of China Railway Corporation. Subsequently, the catalogue was combed and the reply was clear, and the time system of railway public welfare transportation subsidy pilots not doing experiments for a long time was established. For the public welfare transportation tasks undertaken by the railway, such as students, disabled soldiers, agricultural related materials, as well as the operating losses of public welfare railways such as the Qinghai Tibet railway and the South Xinjiang Railway, we should study the establishment of a railway public welfare transportation subsidy mechanism and the adoption of financial subsidies to appropriately compensate for the losses of railway public welfare transportation

after the establishment of China Railway Corporation, it will continue to enjoy the preferential tax policies of the state for the former Ministry of railways. The original preferential policies implemented by the State Council, relevant departments and local governments for railways will continue to be implemented, and it will continue to clarify that railway construction bonds are government supported bonds. All tax policies involved in the process of enterprise establishment, reorganization and restructuring shall be implemented in accordance with national regulations, without increasing the cost of railway reform

the reply requires that after the establishment of China Railway Corporation, it should strengthen the centralized and unified command of railway transportation dispatching, maintain good transportation order, ensure key transportation and public welfare transportation, and ensure the safety of railway transportation and the stability of the workforce. We should promote railway construction in an orderly manner and complete the construction tasks of the 12th Five Year Plan on schedule

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