Mr. Jia Fu Xing, the member of National Committee of the Chinese People’s Political Consultative Conference (CPPCC), member of CPC Committee of Stated owned Assets Supervision and Administration Commission of the State Council (SASAC), secretary of China Discipline Inspection Commission, accepted the interview from the journalist of Shanghai Security Journal and said that the work of peeling off and recombination of the auxiliary units of stated owned enterprises had started; however, for the detail operation, it would hand on the detail plans after whole and careful research. Mr. Jia Fu Xing also said that his resolution for the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) this year would be about the indemnificatory housing construction.

SASAC said in January this year that from this year all the state owned enterprises would start to peel off and combine their non-main business hotels; it was expected to be finished within 3 to 5 years. According to the whole plan of SASAC, these non-main business hotels peeling off from other state owned enterprises will be combined into the advantaged state owned enterprises whose main business is hotel.

As per statistics, there are more than 2000 hotels belonging to the state owned enterprises with more than assets of hundreds of billion yuan. Almost every state owned enterprise has their own belonging hotels.

SASAC has explained clearly that all the hotel property rights of those state owned enterprises whose main businesses were not hotel would be transferred through the channels of no payment, agreement or market to combine to the into the advantaged state owned enterprises whose main business is hotel. From now on, without the approval from SASAC, no any state owned enterprises whose main businesses are not hotel can invest again in hotel business. The combination plan will be made by the state owned enterprises whose main businesses are not hotel and then report to SASAC to carry out after being approved.