On October 21, the 31st session of the Standing Committee of the 13th National People's Congress (NPC) deliberated a comprehensive report of The State Council on the management of state-owned assets in 2020.

The report introduces the management of state-owned assets. Specifically, there are the following aspects.

State-owned assets of enterprises (excluding financial enterprises) : First, we will implement the general requirements for Party building in the new era and create strong guarantees for enterprise reform and development. The STATE-OWNED Assets Supervision and Administration Commission (SASAC) has perfected the "two safeguards" mechanism, improved the "First Agenda" system, strengthened the building of community-level organizations, carried out evaluation of the responsibility system for Party building in central government enterprises and evaluation of the performance of community-level Party organizations. Second, make all-out efforts to fight the epidemic and demonstrate the responsibility of a major country. Third, we will focus on key areas to overcome difficulties and carry out a three-year campaign for soE reform. Fourth, we need to make the two chains more controllable and independent. Fifth, we will improve the distribution structure and raise the efficiency of state capital allocation. The Guidelines on Improving the Distribution and Restructuring of the State-owned Economy in the New Era were published. The Outline of the Development Plan for Central Enterprises during the 14th Five-Year Plan period and the Plan for optimizing the Distribution and Restructuring of State Capital in the National State Assets System were formulated, and a three-level planning system covering the whole state assets system was established in an innovative way. A number of tasks, such as the transfer of official duties to the Central Inspection Group and the asset reorganization and shareholding diversification reform of the State Pipe Network Group, were successfully completed. Central enterprises such as the South-to-North Water Diversion Group and China Broadcasting And Television Corporation were successfully established. The integration of national cable TV networks and the integrated development of radio and television 5G was accelerated.

The state-owned assets of financial enterprises: First, implement the decisions and arrangements of the CPC Central Committee and improve the management of state-owned financial capital. The Ministry of Finance will speed up the formulation of regulations on the management of state-owned financial capital in conjunction with relevant departments. We launched a special campaign to register the property rights of state-owned financial capital. The Provisional Regulations on the Management of the List of Central Financial Enterprises were promulgated, and a dynamic adjustment mechanism and a list publicity system were established. Second, we will study and improve fiscal and financial incentives and subsidies to support the implementation of national strategic plans. In 2020, agricultural insurance earned 81.49 billion yuan in premiums, provided 4.1 trillion yuan in risk protection, and actively supported winning the battle against poverty. Third, we will strengthen oversight of financial enterprises and fight the battle to prevent and defuse major financial risks. Fourth, we need to support inclusive finance to improve the quality and efficiency of the economy and promote the development of weak links in the economy and people's livelihood. We improved the policy to support discounted interest payments on start-up guarantee loans to help ensure employment for people. We will increase interest discounts on guaranteed loans for business start-ups and fully support key groups in resuming work and production. Fifth, improve corporate governance and deepen the reform of state-owned financial institutions.

Administrative state-owned assets: promote the improvement of top-level design, fill in the administrative state-owned assets management laws and regulations; We will give full play to the role of asset protection and promote the implementation of major national strategies and projects to improve people's wellbeing. We will tighten our belts and improve the efficiency of the use of administrative state-owned assets. We will consolidate basic management and strengthen the overall planning and deployment of financial resources.

In terms of state-owned natural resource assets, we should resolutely implement the reform requirements for ecological civilization and establish and improve natural resource management systems. We will strengthen major basic work to support the management of natural resources assets. We will strengthen the protection of natural resources and strengthen the resource foundation for national security. Strengthen ecological protection and restoration, and build a national ecological security barrier; We will intensify the economical and intensive use of natural resources and promote green transformation of the development model.

The report describes the next step of the work arrangement: under the guidance of comprehensively strengthening party building, continuously promote the unity of Party building and state assets supervision, further improve the system of state-owned enterprises firmly uphold the authority of the CPC Central Committee and centralized and unified leadership, effectively strengthen the leadership of the Party in improving the corporate governance of state-owned enterprises; Focusing on the implementation of the three-year action plan, we will continue to deepen the reform of state-owned assets and soes, step by step to consolidate responsibilities, strengthen supervision and promotion, and make new breakthroughs in key areas and key links to lead the overall reform and open up new prospects for the reform of State-Owned enterprises. To optimize the distribution of state-owned financial capital, accelerate the rationalization of state-owned financial capital management system, consolidate and improve the management foundation of state-owned financial capital, timely promulgate state-owned financial capital management regulations, rationalize state-owned financial capital management system; Take the implementation of the Regulations on the Management of Administrative State-owned Assets as an opportunity to steadily improve the quality and efficiency of administrative state-owned assets management; Guided by ecological protection and high-quality development, we will coordinate and improve the natural resource asset management system, strictly observe the red line for cultivated land, strictly control the increase of land used for construction purposes, promote total resource management, scientific allocation, all-around conservation, and recycling, and improve the pattern of development and protection of territorial space. We will continue to strengthen the foundation for the management and supervision of state-owned assets, implement the decision of the Standing Committee of the National People's Congress on Strengthening Supervision over the Management of State-owned Assets, and give greater play to the role of the inter-ministerial coordination mechanism for reporting state-owned assets.

Source: State-owned Assets And Administration Commission of The State Council