Venture(US:VEMLY) Feng Huang Wang Cai Jing·2026-02-27 00:07Core Viewpoint - The Jinan Municipal State-owned Assets Supervision and Administration Commission has issued the revised "Management Measures for the Rental of Physical Assets of Municipal State-owned Enterprises (2026)" to enhance the management of physical asset rentals, aiming to maximize rental efficiency and prevent the loss of state-owned assets [1]. Group 1: Asset Management - The term "physical assets" includes real estate (including underground structures), land and its attachments, and machinery and equipment [1]. - The rental contracts for physical assets should generally not exceed five years, with annual rent adjusted according to the annual CPI index [1]. - Enterprises are encouraged to utilize idle standardized factories or building parks as pilot projects to provide innovative entrepreneurial spaces [1]. Group 2: Rental Regulations - Enterprises are generally prohibited from allowing tenants to sublet physical assets, with clear stipulations in rental contracts [1]. - If subletting is necessary due to enterprise development needs or asset characteristics, a written application must be submitted by the tenant and approved by the original decision-making body [1]. - The Jinan Municipal State-owned Assets Supervision and Administration Commission will enhance digital supervision of rentals and explore real-time monitoring through the municipal state-owned assets regulatory platform [1]. Group 3: Public Tendering - The rental of physical assets should be conducted through public tendering, especially for assets with an average annual rental base of 1 million yuan or more, or for properties with an area of 1,000 square meters or more [2]. - For other physical asset rentals, enterprises may organize public tenders independently, with a minimum announcement period of five working days [2]. - Special asset rentals related to national interests, public welfare, or cultural heritage may be conducted through non-public agreements, providing greater flexibility for state-owned enterprises [2].