From the state-owned enterprises of State-owned Assets Supervision and Administration Commission of the State Council has held the world first-class management promotion action media briefing that by the end of 2021, 96 central enterprises in the promotion action completed progress of 92.01% on average, the overall Labour productivity per capita reached 694000 yuan, a 32.2% growth for the beginning of the action, is the average of more than five times the whole society.

The 19th CPC National Congress clearly proposed to cultivate world-class enterprises with global competitiveness. State-owned Assets Supervision and Administration Commission of the State Council in June 2020 in the central and local state-owned key enterprise of the world first-class management promotion action (hereinafter referred to as "on the promotion action"), lead to quality, from the advanced management of the state-owned enterprises to benefit, to growth, enterprise efficiency benefits reached a world-class level, strengthen the competitiveness of state-owned economy.

Reform of state-owned enterprises under the State Council leading group office vice director, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, WengJieMing said, for the promotion action to carry out, since the modern state-owned enterprise management system with Chinese characteristics will be improved, the management standardized, scientific level rising, emerge a batch of inheriting tradition, state-owned enterprises and meet the requirements of the new era new benchmark, A new situation has emerged in which management and reform, innovation and development are interconnected and mutually reinforcing.

Statistics show that by the end of 2021, 96 central enterprises had made an average progress of 92.01% in their bid upgrading activities. The average progress of key local state-owned enterprises reached 81.62 percent. In 2021, the operating revenue profit margin of central enterprises will be 6.8%, the cost profit margin will be 7.1%, and the labor cost profit margin will be 80.7%, which are 2.3 percentage points, 2.4 percentage points, and 26.8 percentage points higher than at the beginning of the benchmarking campaign.

The National Energy Group has improved its science and technology system, focusing on building cutting-edge technology research institutes, industrial research institutes and a number of national-level scientific research platforms to create a source of original technology. Faw has established a management by objectives model covering 7 fields, including market development, resource utilization and lean production. Sinopec Zhenhai Refining & Chemical Co., Ltd. reconstructed its business structure and implemented precise supervision, shortening the average transaction time from 2 days to 0.31 days in 2021... Since the launch of the benchmarking promotion campaign, the State-owned Assets Supervision and Administration Commission of the State Council has guided enterprises to implement the whole-process, whole-level and all-directional benchmarking, and promoted the concept of management benchmarking to be deeply rooted in people's minds. The culture of "no benchmarking, no management" has gradually taken root. Central enterprises have selected more than 1,000 leading enterprises at different levels and in different fields as targets, and set a total of 2,425 quantifiable improvement indicators, reaching 74.6%.

WengJieMing said the sasac will promote compliance management plan as a whole to strengthen year special promotion action, investment management, intelligent digital assets supervision promote special operation, improve the quality of state holding listed company theme action, such as "three combination" internal control system construction work, continue to establish and improve the state management promote long-term mechanism.

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