The year 2022 is the year for the three-year SOE reform. Statistics from the State-owned Assets Supervision and Administration Commission of the State Council show that more than 98 percent of all central enterprises and local governments have completed their reform work.

With the main tasks of the three-year action basically completed, central enterprises made continuous progress in improving their vitality and efficiency, and in optimizing the distribution and restructuring of the state-owned economy.

The reform of the corporate system has been fully completed, and the board of directors of central enterprises should be fully established, with the majority of outside directors basically realized. Through the three-year reform of state-owned enterprises, the modern enterprise system with Chinese characteristics has become more mature.

The key to corporate governance is a clear division of responsibilities. China FAW Group Co., Ltd. focuses on straightening out the management relationship between parent and subsidiary companies, and adheres to the "two hands and two hands" of authorization and supervision. In 18 fields such as strategy, product and engineering, FAW Group Co., Ltd. has made clear two lists of items approved by the headquarters and items authorized by sub-companies (sub-companies), effectively stimulating the vitality of internal development.

China National Coal Energy Group Co., Ltd. comprehensively sorted out and evaluated the quality of the "two lists" made by Party committees of various enterprises and conducted preliminary research and discussion, and urged enterprises to revise and improve the lists in view of the problems such as insufficient integration of the lists with the reality and weak operability. At the same time, systems such as guidelines for the performance of full-time directors have been introduced to continuously improve the performance ability of the team of directors. In the first seven months of this year, China National Coal Group recorded revenue of 173.5 billion yuan, up 15.4 percent year on year.

During the three-year initiative, central enterprises focused on serving the national strategy, optimizing the layout and structure of the state-owned economy, and promoting high-quality economic development, and carried out a number of strategic restructuring and specialized integration projects.

In December last year, China Logistics Group Co. "The group itself is a landmark achievement of central soes' layout adjustment, structural optimization and professional integration, and should be at the forefront of deepening reform." Said Li Hongfeng, chairman of China Logistics Group.

Since its establishment, this new central enterprise has made every effort to do a good job in the "second half of the article" of deep integration -- formulating the group's development strategy, defining the function positioning of sub-enterprises, forming the group's internal integration plan and implementation path; Resolutely promote the exit, compression and transformation of low quality business; Accelerate the establishment of China Academy of Logistics and various scientific and technological innovation platforms, accelerate the creation of a number of logistics science and technology backbone enterprises, and effectively enhance the technological traction and industrial driving capacity of enterprises...

The dividend of reform is being released continuously: facing the complicated and severe development environment at home and abroad, China logistics group withstood the pressure and faced the difficulties, and the operating income of the first half of the year exceeded 100 billion yuan.

The reform of state-owned enterprises focuses on vitality. To enhance the vitality and efficiency of soes, we must deepen reform of the labor, personnel and distribution systems.

"We have fully implemented the tenure system and contractual management of managers, and realized the full coverage of 330 subsidiary enterprises. At the same time, actively promote the professional manager system, the existing 124 professional managers in 49 subsidiary enterprises, has implemented the professional manager of the number of enterprises accounted for 14.85%, ranking the forefront of the central enterprises. Sdi Group reform office deputy director XianYali with data to talk.

In China First Heavy Group Co., LTD., the enterprise has promoted three system reforms with strong determination, forming a development environment in which "cadres can rise and fall, salaries can be high and low, and personnel can come and go". In the first three quarters of this year, the company's operating revenue and total profit achieved double-digit year-on-year growth.

Information from the State-owned Assets Supervision and Administration Commission of the State Council shows that, focusing on improving the market-oriented operation mechanism, the central enterprises will strive to promote the "three energy" mechanism to operate in a universal and normal manner at all levels.

At present, the three-year reform of state-owned enterprises has entered a decisive stage. "In the next step, we will work intensively and make all-out efforts to ensure that all tasks of the three-year Action are completed as scheduled and with high quality." Said Weng Jieming, deputy director of The State Council Assets Supervision and Administration Commission.

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