Recently, the State-owned Assets Supervision and Administration Commission of the State Council issued the Notice on Matters related to the Investment Management of Central Enterprises in 2023 to further expand effective investment (hereinafter referred to as the Notice), requiring enterprises to further focus on the main business, develop the real economy, improve the quality of effective investment, boost the confidence of the whole society and economic development, and promote the first quarter to achieve a good start.

Increasing effective investment is an important way to strengthen areas of weakness, adjust the structure, and stabilize employment to boost consumption. It will not only help expand market demand, actively respond to downward economic pressure, but also help improve the supply structure and promote high-quality development. The Circular defines the investment priorities of central enterprises in 2023. On the one hand, the expansion of effective investment should be highlighted. We require enterprises to boost confidence in development, attach greater importance to stabilizing investment work, arrange investment scale in a scientific and reasonable way, and promote the mechanism for continuing projects in accordance with the principle of "accelerating the implementation of a batch of projects, systematically planning the addition of a batch, and researching and reserving a batch in advance", so as to accelerate the start of construction of projects, strive to achieve the set tasks and objectives, and effectively promote the investment of the whole society. On the other hand, we should optimize the direction of investment. We will focus on key areas such as major national projects, infrastructure construction, and strengthening and reinforcing industrial chains, and encourage enterprises to increase investment in fostering and expanding strategic emerging industries, upgrading traditional industries, strengthening energy and resources security, and forming a virtuous cycle of "science, technology, industry and finance". We will carry out a number of major projects to strengthen areas of weakness, strengthen functions, benefit the long-term, and improve people's lives. At the same time, enterprises are required to prudently strike a balance between "promoting" and "stabilizing", strengthen risk management and control in key areas, improve risk prevention mechanisms in the whole process, guard against the unilateral pursuit of short-term results in expanding investment, and maintain the bottom line that no major risks will occur.

At present, the State-owned Assets Supervision and Administration Commission is studying to form a series of policies to support enterprises to expand effective investment. At the same time, we will organize enterprises to formulate investment plans in a scientific way, determine the scale of investment by household, strengthen monitoring and analysis of investment, and promote the orderly progress of investment in key enterprises and key projects in accordance with time, so as to generate more physical work.

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