By the end of November 2022, the total assets of state-owned enterprises under local supervision had reached 205.5 trillion yuan, up 10.1 percent year on year; From January to November 2022, the operating revenue reached 33.7 trillion yuan, an increase of 8.1 percent year-on-year. This reporter learned from the meeting of the head of the local State Resources Commission held recently.

In 2022, faced with the adverse situation of increasing risk factors, local SASAC took a series of measures to guide and promote state-owned enterprises to stabilize production, operation and market. The three-year campaign to reform state-owned enterprises was deepened, and the modern enterprise system with Chinese characteristics became more mature and established. Local enterprises and important sub-enterprises have fully completed the "Party building into the constitution" and formulated and implemented the list of pre-research items for Party committees. For example, Shanghai has precisely detailed the focus and scope of pre-research for Party committees according to the characteristics of three types of enterprises, namely market competition, financial services and functional guarantee. The three institutional reforms have broken the ice in a wide range and at a deep level, and promoted full coverage of the tenure system and contractual management of managers. For example, Guangdong introduced 16 incentive methods, such as equity incentive, incremental reward and special reward, to guide enterprises to make good use of medium - and long-term incentive policies. Mixed-ownership reform was deepened actively yet prudently. For example, a number of old enterprises, such as the Shengu Group, were reinvigorated through mixed-ownership reform in Liaoning Province. We gave full play to the leading role of demonstration projects. By providing policy support and encouraging exploration and innovation, 351 local demonstration enterprises were encouraged to take the lead in completing reform tasks.

The overall function of state capital allocation was significantly enhanced, and strategic restructuring and professional integration were deepened. Hainan is included in China General Aviation free of charge. Shandong adheres to the principle of "one main business and one main body" and has established a number of characteristic and advantageous enterprises, such as Provincial Environmental Protection Group, Provincial Sports Group and Provincial Electronic Port Company. Slimming down and keeping fit have achieved positive results. Heilongjiang has completed the reform of "three supply systems and one business", the transfer of social security functions, and the socialized management of retirees.

The systemic effectiveness of state assets supervision has been improved. A national online supervision system for state-owned assets and soes has been fully established, covering all provincial and municipal state-owned assets regulators and enterprises under their supervision. Zhejiang strives to build "Zhejiang State-owned Assets Operation Supervision and Application" into a multi-cross collaborative platform serving provincial enterprises, and effectively improve the ability and efficiency of supervision and service. Xiamen continues to strengthen the supervision of investment, guarantee, bidding, financial derivatives, PPP (public-private partnership) business and other key risks.

The meeting of the head of the local State-owned Assets Supervision and Administration Commission proposed that we should do a good job in the work of state-owned assets and state-owned enterprises this year, and better serve the sustainable and healthy development of the economy and society. We should focus on seven aspects of work: to promote quality, efficiency and steady growth; We will deepen and upgrade the reform of state-owned enterprises in a new round. To intensify the work of technological innovation in state-owned enterprises; We will strive to optimize the distribution and restructure state capital. Accelerating the construction of a modern industrial system; Work hard to forestall and defuse major risks; We worked hard to make oversight of state assets more effective.

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