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The reform of state-owned enterprises has brought new vitality and created new situations

A great power is an instrument that embodies Chinese wisdom. From Beidou satellite navigation to Hualong 1, the core technologies of central enterprises are all backed by the original power of China's "wisdom". China's experience has been fully demonstrated through reform. From structural adjustment to mixed-use reform and listing, the bold reforms of state-owned assets and SOEs are activating new vitality in the development of market players. Into the "difference", a new round of state-owned assets of state-owned enterprises reform to open a new journey, optimization and structure adjustment of state-owned economy blueprint is afoot, "upgrade" to mix changes in deep breakthrough, is defined as the task of "difference" state top scientific and technological innovation, will become a booster of China's economic "powerful engine of the development of high quality.


Structural adjustment gathers momentum to break through


As a key task during the "14th Five-Year" period, a new round of state-owned economic layout optimization and structural adjustment is shifting gears and accelerating.


According to the work plan for 2021 published by the Enterprise Reform Bureau of the State-owned Assets Supervision and Administration Commission (SASAC), this year we will steadily push forward the strategic reorganization of central enterprises in the chemical industry, steel, information and other fields, and guide enterprises to focus on national strategy and actively and steadily carry out mergers and acquisitions. New central enterprise groups shall be established in due time, and assets reorganization of oil and gas pipeline network shall be completed, and new central enterprises shall be transferred and received well. We will support central government enterprises with medical and health services as their main business to further integrate resources and cultivate medical and health groups with strong competitiveness. We will deepen efforts to cut overcapacity in steel and coal production in central enterprises.


At the level of central enterprises, strategic restructuring and professional integration are gathering momentum to break through. At present, China Sinochem and ChemChina, China Putian and China Power Technology, China Baowu and TISteel Group, Angang Group and Liaoning Bensteel and other restructuring is accelerating the ground.


Zhang Zhengao poly group general manager said that during the period of "difference", poly group through professional integration, deepen reform, improve management, capital injection, collaborative innovation, clearing out, further and stronger business restructuring enterprises, enhance core competitiveness, and keep the reorganization of the enterprise industry leading position, to become their niche hidden champions and vanguard. At the same time, Poly Group will, in accordance with the functional positioning of state-owned capital investment companies, as well as the layout optimization and structural adjustment requirements of state-owned capital, combine with the actual development of the main business, orderly and effective promotion of merger and reorganization.


Policy level, a series of heavy measures are brewing. It is reported that the promotion of state-owned economy layout optimization and structural adjustment opinions and state-owned economy structure adjustment guidelines are expected to accelerate the issuance, the "14th Five-Year" national state capital layout and structural adjustment plan and the "14th Five-Year" central enterprise overall planning outline is also expected to accelerate the formulation and implementation.


"This year, the chemical industry, steel, coal power, information, health care and other key areas of restructuring, strategic emerging industries will also be more layout." Li Jin, chief researcher of China Enterprise Research Institute, believes that the next step of SOE restructuring should focus on the professional integration of the industrial chain, strengthen the core industrial chain, gather and allocate scientific and technological innovation resources, and form stronger competitiveness. At the same time, more attention should be paid to cultivating and expanding the domestic market in the restructuring of state-owned enterprises.


The listing of mixed-use reform will speed up and accelerate


Since the beginning of this year, China National Gold Irradiation, Gold Jewelry and Nanwang Energy have been listed in A shares, playing A new movement of state-owned mixed reform listing.


"Going public is an important way and means of mixed ownership reform, and we support and encourage central government enterprises to realize mixed ownership reform through listing channels." Peng Huagang, spokesperson of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, said at a recent press conference of the State Information Office that some listed companies with excessively high proportion of state-owned shares should be encouraged to introduce strategic investors to participate in corporate governance, so as to better transform the mechanism and improve the quality of listed companies.


The capital market has become the "main front" of the mixed reform of state-owned enterprises. Data show that 65 percent of the total assets of central government enterprises have gone into listed companies, and nearly 90 percent of their profits come from listed companies.


"Reform is an important source of endogenous vitality for enterprises." Treasure of China's communist party secretary, chairman de-rong Chen said, in 2021, three years on the reform of state-owned enterprises China treasure military commanders actions as an opportunity to implement the mixed ownership reform listed project, the implementation of a treasure force characteristics of the modern enterprise system with Chinese characteristics, construction project, the implementation of market-oriented operation mechanism innovation, promoting reform and development and efficient linkage depth fusion, We will continue to strengthen the competitiveness, innovation, control, influence and risk resistance of the state-owned economy. China Baowu proposed that in the three years of action, to complete the subsidiary "appropriate mixing", "has been mixed deep mixing", in principle, the first subsidiary to complete the system listing.


Li Hongjuan, deputy director of the enterprise research office of the Institute of Economic System and Management under the National Development and Reform Commission, believes that in the future, there will be a number of high-quality state-owned enterprises from the central to local governments listed. Through the core business or overall listing of enterprises, adjust and optimize the ownership structure, improve the corporate governance mechanism, optimize the market-oriented employment and employment evaluation mechanism and salary distribution mechanism, form a new mechanism of market-oriented operation and innovation and entrepreneurship of state-owned enterprises, and maximize the activation of endogenous development impetus of enterprises.


Scientific and technological innovation has injected new impetus


As the national team of scientific and technological innovation, during the 14th Five-Year Plan period, improving the independent innovation ability of central enterprises has become the key point of SOE reform.


From Chinese nuclear, Chinese core to Chinese cars, Chinese ships... Central government enterprises have kept innovating and breaking new ground. They have made breakthroughs in a number of key and core technologies, and become "new business cards" of Chinese manufacturing.


The ITER gas injection system composite pipeline manufacturing project, undertaken by CNNC II and III, was completed in Huizhou, Guangdong, on April 10, and the last batch of products will soon be shipped to France. The system is the highest vacuum component.


Recently, China's independent nuclear-grade digital instrument and control platform "United System", developed by Beijing Guangli Nuclear System Engineering Co., Ltd., a subsidiary of CGN, has been applied for the first time in the field of emergency diesel engine instrument and control system in nuclear power plants.


On March 17th a breakthrough was made in an important part of chipmaking. The equipment sub-group of CETC has successfully realized the localization of the whole spectrum of ion injector products, which can provide one-stop solution for ion injector for global chip manufacturers.


The first Marine low speed dual-fuel engine (CX40DF) independently developed by China Shipbuilding Power (CSSC), a subsidiary of China State Shipbuilding Group, was delivered in Zhenjiang, Jiangsu Province recently, which means that China has independently mastered the design, manufacturing and test verification technology of small and medium diameter Marine low speed engine, and has initially established a Marine low speed engine research and development technology system.


Hong-juan li believes that the future period, state-owned enterprise reform, innovation and high quality development, the emphasis is on building with enterprise as the forerunner, science and technology innovation and technological innovation as the core, to enhance the innovative elements of cohesion and communities in collaborative innovation, build a enterprises as driving force, the national strategy of science and technology innovation chain, industrial chain integration development strength, We will give full play to the leading role of the state-owned economy in making China an innovative country and in forward-looking strategic industries. She suggested that diversified policy tools should be explored to support enterprise innovation, and government subsidy policies should be promoted to increase subsidies to enterprises. We will reform the management of rights and interests in scientific and technological achievements, and actively explore pilot reforms to grant researchers the ownership or long-term use rights of their scientific and technological achievements. It also promotes the deep integration of government, industry, university and research, and effectively promotes international scientific and technological cooperation among enterprises.


Source: State-owned Assets and Administration Commission of the State Council