Up to the middle of the year, China's central enterprises in the first half of the running situation? Is there any new progress in the reform? A new message came from a seminar for heads of central enterprises held by the State-owned Assets Supervision and Administration Commission of the State Council on Tuesday.

To support the stability of macroeconomic market with good efficiency

In the first half of this year, central government enterprises gave top priority to ensuring stability in operation: their operating revenue reached 19.2 trillion yuan, their total profits reached 1,409.36 billion yuan, and their net profits reached 1,085.75 billion yuan, up 12%, 7.1%, and 6.1%, respectively, year on year.

This "report card" did not come easily. Since the beginning of this year, the international environment has become more complex and grim. The number of outbreaks of COVID-19 in China has significantly increased the negative impact, and the economic development is extremely unusual.

An extraordinary response to an extraordinary time. We launched 10 measures to stabilize growth. We established a sound work system of ten-day monitoring, monthly reporting, and quarterly coordination. We conducted comprehensive oversight and responded to the demands of businesses. In the first half of this year, the State-owned Assets Supervision and Administration Commission introduced a package of measures to stabilize growth.

All the central government enterprises have withstood the pressure and grasped the nettle. They have gone all out to expand the market, seize opportunities, tap potential, reduce costs and increase efficiency, and have supported the stability of the macroeconomic market with their own good benefits.

At present, the risk of stagflation in the world economy is rising, and the foundation for sustained recovery of the domestic economy is still not solid. In the second half of this year, how will central enterprises build on the momentum and accomplish the annual targets?

"The State-owned Assets Supervision and Administration Commission (SASAC) has formulated a work plan for stabilizing growth and the market in the second half of the year. The general requirement is to adhere to the targets and tasks of 'two increases, one control, and three increases' for the whole year, and do more to improve the quality and efficiency of fine central soes, so as to ensure that they operate within a reasonable range in the second half of the year." Hao Peng, party secretary and director of the State-owned Assets Supervision and Administration Commission, said at the seminar.

He said central enterprises should seize the favorable opportunity of stabilizing the epidemic and recovering demand, and accelerate the resumption of work to achieve production and efficiency. We will continue to ensure the supply and price of energy, resources and grain, and strengthen daily monitoring of electricity supply and thermal coal stocks. We will fully implement the annual investment plan, and accelerate the implementation of planned projects and the commissioning of completed projects.

New steps were taken to accelerate the building of world-class enterprises

A strong enterprise makes a strong country. According to the report of the 19th CPC National Congress, the reform of state-owned enterprises should be deepened, mixed ownership economy should be developed, and world-class enterprises with global competitiveness should be cultivated.

In recent years, state-funded central enterprises have stepped up efforts to build world-class demonstration enterprises, carried out efforts to improve management standards, and set up global-oriented production and operation networks, thus making new strides in building world-class enterprises.

The results of reform are showing -- data from the State-owned Assets Supervision and Administration Commission (SASAC) shows that the number of State-Owned enterprises on the Fortune Global 500 "list" increased from 65 in 2012 to 96 in 2021, and a number of industry leaders with strong competitiveness in shipbuilding, steel, energy, construction, water transportation, equipment manufacturing and other fields have emerged.

Hao Peng stressed: "Accelerating the construction of world-class enterprises is the overall goal of the reform and development of central enterprises at present and in the future. It is a major strategic task with overall, strategic and pulling force."

In the future, specific ideas to promote this work have emerged: do a good job of strategic planning, classification to promote the creation of world-class enterprises; We will focus on problem orientation and accelerate efforts to address areas of weakness in independent innovation capacity, brand value and influence. We will focus on the development of the real economy, and make steady and strong progress in building China into a world-class economy.

We have learned, in promoting the world first-class enterprise to create demonstration action, consolidate the deepening of the world first-class management promotion action, on the basis of sasac will also carry out to the world first-class enterprise value creation action, the central enterprise brand promotion, strive to construct to 2025 years ago in the economies of scale in the leading position in the world first-class enterprise, To build a group of new leading technology enterprises specializing in subdivided industries.

We will finish the three-year campaign to reform state-owned enterprises

"By the end of May, 94.7 percent of the actions and measures taken in the three-year reform of central government enterprises had been completed, basically completing the main tasks." The message from the meeting was heartening.

This year marks the end of the three-year soE reform campaign launched in 2020. Since the beginning of the year, central enterprises have made breakthroughs in many key areas and links by focusing on key areas and making targeted efforts

The modern enterprise system with Chinese characteristics has become more mature and established. A total of 12,700 eligible subsidiaries of central soes have completed the construction of boards of directors, with 99.3 percent of them having a majority of outside directors. China baowu and other five enterprises officially turned into state-owned capital investment companies.

The reorganization and integration of central soes have led to a series of successful dramas. At the beginning of this year, coFCO and China Grain Storage Launched equity cooperation in grain reserve processing. Deep integration of resources in the fields of medical care and inspection and testing among state-owned enterprises; The completion rate of the divestment of central soes has reached 99%, up 13 percentage points from the beginning of the year.

We will adhere to market-oriented reform, and reform the labor, personnel and distribution systems of central government enterprises on a larger scale and at deeper levels. The reform of mixed ownership is moving fast and steadily, with central enterprises attracting more than 190 billion yuan of funds from various types in the first half of this year.

"The next step is to speed up efforts to strengthen areas of weakness and ensure that the three-year action tasks are basically completed before the 20th CPC National Congress and fully completed by the end of the year. In particular, we will continue to focus on reform measures that have a significant impact on the development of enterprises, and bring about fundamental changes in the appearance of enterprises through three-year reform actions." Hao peng stressed that state-owned enterprises should re-evaluate, re-examine and further deepen the reform effect, and achieve reform results that can stand the test of practice and history.

A distinctive feature of the current reform of state-owned assets and enterprises is to highlight the main line of system construction. In this regard, Hao Peng said, to promote the reform achievements in the system, to speed up the construction of world-class enterprises as the lead, further plan new ideas and new measures of reform, from a new starting point to promote the reform tasks to the depth.

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