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Xinhua News Agency: Deepen the reform of state assets and state-owned enterprises to improve their core competitiveness

Beijing, Feb. 23 (Xinhua) -- How has the reform and development of state-owned state-owned enterprises achieved in the past 10 years in the new era? How to build on the momentum of reform? On the new journey of Chinese modernization, what new missions should state-owned enterprises shoulder? At the press conference on the theme of "Authoritative Department opening" held by the State Information Office on 23rd, relevant officials of The State Council State-owned Assets Supervision and Administration Commission responded one by one.


The quality and effectiveness of the development of state-owned and central enterprises have been significantly improved


"In the new era of 10 years, state-owned state-owned enterprises have undergone fundamental, transformational and overall major changes", "State-owned enterprises and the market economy have achieved better integration, creating a group of modern new state-owned enterprises"... The press conference delivered a series of encouraging news.


Over the past 10 years, the total assets of central government enterprises have grown from 31.4 trillion yuan to 81 trillion yuan, and their total profits from 1.3 trillion yuan to 2.6 trillion yuan. In 2022, the profit margin of revenue was 6.8%, an increase of 1.8 percentage points, and the annual labor productivity of all employees was 763,000 yuan per person, an increase of 84.2%.


Structure -- Since the 18th CPC National Congress, 49 central enterprises in 27 groups have completed strategic restructuring and professional integration, 13 enterprises have been newly established or taken over by the State-owned Assets Supervision and Administration Commission, and the number of central enterprises under its supervision has been adjusted from 116 to 98, significantly enhancing the competitiveness, innovation, control power, influence and risk resistance of the state-owned economy.


Innovation -- Over the past 10 years, central enterprises have invested about 6.2 trillion yuan in research and development, accelerated the building of innovation platforms, and continuously expanded the ranks of human resources. From the high-speed train galloping, the giant ship sailing, to the "Chang 'e" moon, Beidou network, to the Hong Kong-Zhuhai-Macao Bridge, Baihetan hydropower station... A number of major scientific and technological achievements and major engineering projects were unveiled.


Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission, used the words "brilliant achievements" and "arduous task" to describe the achievements and prospects of central enterprises' scientific and technological innovation, stressing that there is still a large gap compared with the world's scientific and technological powers. "We will accurately grasp the strategic position of central enterprises in China's overall scientific and technological innovation, consolidate strengths, strengthen weaknesses, keep up with frontiers, and strive to create innovative state-owned enterprises." 'he said.


We carried out a new round of actions to deepen and upgrade the reform of state-owned enterprises


In recent years, state-owned and centrally owned enterprises (soes) have been involved in deep-water areas, gnawing hard bones, and continuously pushing forward reform. In particular, they have carried out the three-year SOE reform campaign, achieving "three notable results".


There is no end to development or reform. Next, how to force the reform of state-owned enterprises?


"We will focus on improving the core competitiveness and enhancing the core functions of state-owned enterprises, and build on the momentum to further implement a new round of actions to deepen and upgrade the reform of state-owned enterprises." Sasac deputy director Weng Jieming said at the press conference.


According to him, future reform will focus on three areas --


First, we will accelerate the optimization of the structure of the state-owned economy and enhance its function and role in serving national strategies. "State-owned enterprises will continue to make good use of the restructuring and integration of this important starting point." Weng Jieming said that in the future, the work will focus on the function of state-owned enterprises, adhere to market-oriented principles to promote.


Second, speed up the improvement of modern corporate governance of state-owned enterprises with Chinese characteristics and truly operate in accordance with market mechanisms.


Through a three-year campaign to reform state-owned enterprises, state-owned enterprises have completely completed their corporate restructuring, and 38,000 soes have fully established their boards of directors. A governance mechanism with legal, transparent, coordinated operation and effective checks and balances has been formed at a faster pace.


According to the introduction, SASAC will promote the results formed in the three years of action solidified down, hierarchical classification, dynamic optimization of state-owned enterprise Party committee (Party group) pre-study and discussion of major management matters list, improve the quality of external directors and performance ability, improve the Chinese characteristics of the modern enterprise system, continue to deepen the reform of the three systems, improve the level of modern management.


Third, accelerate the improvement of state-owned enterprises scientific and technological innovation system. Weng Jieming said that the next step will focus on solving the mechanism, input, talent, transformation and other prominent problems restricting enterprise innovation, further strengthen the main role of enterprise innovation, and build a good innovation ecology.


High-quality development will be the top priority on the new journey


High-quality development is the primary task of building a modern socialist country in an all-round way.


To highlight this primary task, SASAC proposed that we should adhere to the goal of strengthening, improving and expanding state-owned capital and state-owned enterprises, and make efforts through "two major ways" of improving core competitiveness and enhancing core functions.


Zhang Yuzhuo explained that on the one hand, efforts should be made in the four key areas of science and technology, efficiency, talent and brand to continuously improve the core competitiveness of state-owned enterprises; On the other hand, the focus is on optimizing the layout, adjusting the structure and enhancing the core functions of soes.


"We should consolidate the controlling position of the state-owned economy in important industries that are vital to national security and the lifeblood of the national economy, increase the construction of the innovation capacity system and the layout of strategic emerging industries, improve the ability to guarantee the public service system, and give better play to the leading and strategic supporting role of the state-owned economy." 'he said.


This year, state-owned and central enterprises will focus on strengthening themselves through science and technology, deepening reform and optimizing layout, and do a solid job in all aspects of the work, so as to make greater contribution to the overall improvement of economic performance.


For example, in ensuring steady growth by improving quality and efficiency, state-owned and central enterprises will prioritize stability, seek progress while maintaining stability, expand effective investment by focusing on major national projects, boost market confidence, optimize business strategies, and actively promote steady growth, employment, and prices.


In accelerating the building of a new development pattern, state-owned and central enterprises will also make efforts to promote domestic exploration and production of important energy and mineral resources, promote diversification of oil and gas imports, and increase investment in new infrastructure such as 5G, artificial intelligence and satellite Internet.


Zhao Shitang, deputy head of the State-owned Assets Supervision and Administration Commission (SASAC), said that in the new era and new journey, SASAC will further guide central enterprises to adhere to the people-centered development concept, continue to do a good job in ensuring the supply and price of important energy and resource products, and comprehensively promote rural revitalization.


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