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SOEs continue to inbreed and demystify key details in finance and tobacco issues!

author:Inspirational pen and ink

Recently, a CCTV presenter lit a powder keg of public opinion, targeting the financial and tobacco industries of state-owned enterprises. Speaking of these two pieces, the problem is not ordinarily big, and it actually involves the word "inbreeding", which sounds quite numb.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

Let's talk about this "inbreeding" first, not a biological concept, this refers to the personnel arrangements in the senior management of some state-owned enterprises, simply put, relatives and friends take turns to sit in the village, and it is difficult for outsiders to intervene.

This matter has just been picked out by the host of CCTV, it is an earth-shattering shock, and people's reactions can be said to be from shock to anger.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

The turmoil began with a comment by the CCTV host, and after the article was published, the reactions of all parties quickly converged into a torrent of public opinion.

The wording in the commentary can be described as deafening, directly accusing the state-owned enterprises of seriously disrupting the normal competition mechanism of the market, and turning what should be fair competition into a one-man show for insiders.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

For example, the financial industry is a big industry related to the national economy and people's livelihood. It stands to reason that personnel appointments should be based on competence and performance, but in reality?

The commentary pointed out that in some financial state-owned enterprises, the leadership position is like a family heirloom, the father passes from son to son, and the brothers and sisters take turns to sit inside, but outsiders look hot but can't take their turn at all.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

What are the consequences of this phenomenon? Market competition has been distorted, and some outstanding talents who should have risen to the top by virtue of their strength have been blocked out. What about consumers? They are faced with a series of problems such as opaque prices and degraded service quality.

What's more, this phenomenon also exists in the tobacco industry, and the consequences are directly related to people's health.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

This review doesn't stop there, digging deep into the factional struggles, power games in the financial industry. Once these chaos erupts, the entire financial market will tremble, and small investors will be even more risky and may step on thunder at any time.

The problem in the tobacco industry is even more serious, with corruption, tax evasion, counterfeiting and other illegal activities emerging one after another.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

CCTV's comment is a wake-up call and a clarion call. It is not just an accusation, but also a call for government departments to stand up and take concrete actions to solve the problem. The government's response was also swift, and it immediately said that it would strengthen supervision, strictly investigate illegal acts, and ensure the integrity of state-owned enterprises.

It seems that it is not enough to simply tighten regulation, at least that's what CCTV's comments say. The article also puts forward some specific suggestions, such as establishing a sound internal supervision mechanism, improving regulations, improving transparency, and strengthening supervision.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

These measures sound reasonable, but they are certainly a long-term and difficult task to implement.

As soon as these problems were exposed, the public's reaction was naturally to fry the pot, and there were many discussions on the Internet for a while, and there were various voices. Some people called for immediate rectification, while others expressed skepticism about the effectiveness of the rectification. However, it is undeniable that this incident has made more people aware of the urgency and complexity of SOE reform.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

Let's go back to this fiery CCTV comment. This is not just a naming and criticism of the two industries, but actually reflects the problems existing in the entire state-owned enterprise system.

Many people have begun to wonder why this phenomenon of inbreeding occurs in the personnel arrangements of senior executives of state-owned enterprises, is it due to poor supervision, or is there other deep-seated reason?

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

The power to appoint personnel in SOEs is often held at a higher administrative level, and this kind of administrative interference is likely to lead to the transfer of benefits or even the formation of nepotism.

Once an interest group is formed in a certain field, the normal operation of this field will be affected, and the fair and just market competition environment will also be damaged.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

Not only in the financial and tobacco industries, but also hinted at other industries where similar problems may exist. This also makes people worry that if these problems are not fundamentally solved, how can the reform of state-owned enterprises be carried out in depth, and how can the market economy develop healthily?

The authorities are clearly feeling the pressure. The government's attitude towards this incident is clear: it must change. The public is also waiting to see if the turmoil can be an opportunity to promote the reform of state-owned enterprises.

SOEs continue to inbreed and demystify key details in finance and tobacco issues!

This storm of public opinion ignited by the CCTV host may bring a series of changes in the near future. It is foreseeable that the next reform measures for state-owned enterprises will become the focus of public attention.

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