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What are the key points of the new round of state-owned enterprise reform?

author:China Development Network

China Development and Reform News reporter Li Hongwei reports

2024 is a key year for the in-depth implementation of the reform and deepening and upgrading of state-owned enterprises. Recently, from the central to the local government, the deepening and upgrading of the reform of state-owned enterprises have been held to promote the reform of state-owned assets and state-owned enterprises this year. The reporter noted that the reform measures mentioned in many meetings have a clear direction, rushing to solve the most prominent problems, and the reform flavor is strong, and the results are sufficient, and it is also required to make great efforts in the reform to penetrate the grassroots, among which the acceleration of the development of strategic emerging industries, the cultivation and development of new quality productive forces are frequently mentioned.

Industry insiders believe that under the impetus of the new round of deepening and upgrading of state-owned enterprise reform, combined with the local development strategy, the "14th Five-Year Plan" and the big idea of a game of chess between the central and local governments, the integration and reorganization of local state-owned enterprises will be accelerated, and the adjustment of industrial structure will focus more on strategic emerging industries and the trend of future industries will be more obvious, and a unique new quality of productivity will be shaped in the accelerated upgrading and gradient development of the industry.

A new round of state-owned enterprise reform has been intensively deployed in many places

The new round of reform of state-owned enterprises has been moving at a steady pace, and all departments and localities have actively demonstrated new achievements in accelerating structural adjustment.

On April 1, Gansu Province held a symposium on the high-quality development of state-owned enterprises and the deepening and upgrading of reform. The meeting emphasized that it is necessary to solidly promote the deepening and upgrading of the reform of state-owned enterprises, effectively enhance the sense of responsibility and mission, seize the policy opportunities such as a new round of large-scale equipment renewal with the hard work and urgency of the chicken's dancing and the urgency of racing against time, and better play the traction role of energy consumption, emissions, technology and other standards, orderly promote the renewal and transformation of state-owned enterprise equipment, vigorously carry out machine substitution, equipment core replacement, production line replacement, product replacement, promote technological progress, stimulate effective investment, Improve the quality and efficiency of development, and unswervingly become stronger, better and more state-owned enterprises.

On March 29, the State-owned Assets Supervision and Administration Commission of the State Council held its first plenary meeting in 2024. The meeting pointed out that this year, it is necessary to focus on key and difficult tasks and make every effort to tackle tough problems, keep an eye on key tasks and key time points, and go all out to implement various tasks. For example, it is necessary to promote the revitalization and utilization of the stock land of central enterprises, select pilot projects, coordinate policy support, and improve the enthusiasm of enterprises for revitalizing the stock of land; strengthen overall planning, optimize the allocation of resources, and guide central enterprises to develop strategic emerging industries according to local conditions and enterprise conditions; fully stimulate the initiative of scientific and technological personnel, improve the efficiency and quality of research and development of scientific and technological achievements, and enable more scientific and technological innovation to benefit from innovation.

On March 28, the 12th Tianjin Municipal Committee for Comprehensively Deepening Reform held its 10th meeting to study and deploy relevant reform matters. The meeting emphasized that it is necessary to focus on the development of new quality productivity, stimulate the endogenous power and innovation vitality of various business entities, and plan major reform measures related to the current and long-term development of Tianjin.

A few days ago, the reporter learned from the State-owned Assets Supervision and Administration Commission of Guizhou Province that this year, the state-owned assets and state-owned enterprises in Guizhou Province focused on the goal of completing more than 70% of the main tasks, and focused on deepening the reform from five aspects, so as to make greater breakthroughs in key areas. Among them, in terms of continuing to promote special reforms, we will further implement the value creation actions of benchmarking first-class enterprises, creating world-class specialized, special and new demonstration enterprises, and benchmarking world-class management improvement actions, so as to promote state-owned enterprises to continuously improve their value creation, innovation-driven and lean management capabilities. We will do fine and in-depth "Double Hundred Action" and "Science and Technology Reform Action", support and encourage "Double Hundred Enterprises" and "Science and Technology Reform Enterprises" to increase the exploration of precision, differentiation and personalized reform within the scope permitted by the policy, combined with the actual situation of enterprises, and create more grassroots reform models and pioneers.

On March 25, the State-owned Assets Supervision and Administration Commission of Zhuzhou City, Hunan Province issued the "Implementation Plan for the "Ten Special Actions" for the Reform of State-owned Assets and State-owned Enterprises in 2024, proposing to carry out the "Ten Special Actions" in terms of investment efficiency, turnaround and stop loss, cost reduction, "three energy" construction, pressure level reduction of legal persons, asset and resource collection, "three capital" revitalization, risk prevention and credit improvement, supervision and efficiency, and enterprise escort.

Open up the blocking points and breakpoints of strategic emerging industries

In the critical year of the reform of state-owned enterprises, how to lead the development of strategic emerging industries and future industries, accelerate the development of new quality productivity, and constantly shape the development of new momentum and new advantages has become a top priority.

The reporter noted that the first plenary meeting of 2024 held by the State-owned Assets Supervision and Administration Commission of the State Council to comprehensively deepen the reform made clear arrangements for this. The meeting pointed out that it is necessary to improve the system and mechanism of state-owned assets and state-owned enterprises, open up the blockages and breakpoints of the development of strategic emerging industries and promote scientific and technological innovation, build new production relations, and cultivate and develop new quality productive forces.

It should be pointed out that the two key words of "strategic emerging industries" and "new quality productivity" mentioned in this meeting were elaborated on the "ministerial channel" of the State-owned Assets Supervision and Administration Commission of the State Council during the two sessions of the National People's Congress this year. He pointed out that in industrial upgrading, we must put strategic emerging industries and future industries in a prominent position. "The goal is that by 2025, the proportion of the revenue of strategic emerging industries of central enterprises will reach 35%, and the layout should be made in advance in terms of brain-like intelligence, quantum information, and controllable nuclear fusion. ”

Zhang Yuzhuo also proposed to cultivate and develop the ecology of new quality productivity, and the central enterprises should establish the concept of making a difference in new quality productivity. The development of a new quality of productivity ecology depends on everyone to create, the central enterprises to open up, abandon some backward concepts in the past, such as short-term investment, short-term returns.

It is worth noting that the State-owned Assets Supervision and Administration Commission of the State Council has recently selected and determined the first batch of enterprises to set sail in accordance with the "four new" standards such as new tracks, new technologies, new platforms and new mechanisms, so as to accelerate the layout of new fields and new tracks, and cultivate and develop new quality productivity.

The relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council said that most of the first batch of enterprises selected to set sail were established within 3 years, focusing on emerging fields such as artificial intelligence, quantum information, and biomedicine, and the average age of the core technical backbone of the enterprise is about 35 years old.

For example, China Telecom Quantum Information Technology Group Co., Ltd. has accelerated the construction of a new security infrastructure that is resistant to quantum computing, and actively promoted the industrialization of quantum communication and the practical application of quantum computing; Xi'an Coal Technology Transparent Geological Technology Co., Ltd. is committed to reshaping the traditional geological survey business form with a new generation of information technology, and is making every effort to develop large-scale model products in the geological vertical field, which is expected to empower the safe, intelligent, green development and comprehensive utilization of underground space in mainland coal mines.

Industry insiders told reporters that this is another important measure taken by state-owned central enterprises to accelerate the development of new quality productivity.

We should make vigorous efforts to penetrate the grassroots through reform

It is very important to promote the reform of state-owned enterprises in a down-to-earth manner and let the reform penetrate to the grassroots level.

At the first plenary meeting of 2024 held by the State-owned Assets Supervision and Administration Commission of the State Council Leading Group for Comprehensively Deepening Reform, the State-owned Assets Supervision and Administration Commission of the State Council made it clear that it is necessary to work the reform to penetrate the grassroots level, continue to deepen special projects such as the "Double Hundred Action" and "Science and Technology Reform Action", and combine the characteristics of the new round of reform tasks, accurately grasp the progress of reform in all aspects, carry out targeted supervision and supervision, and effectively mobilize the enthusiasm and initiative of all parties.

It is understood that in 2023, after the deepening and upgrading of the reform of state-owned enterprises is launched, all localities will generally promote the reform with a higher position and greater efforts, and specific implementation plans have been formulated in all localities. At the same time, the State-owned Assets Supervision and Administration Commission of the State Council promoted the expansion and adjustment of the special projects for the reform of two large enterprises - the "Double Hundred Action" and the "Science and Technology Reform Action". The number of local state-owned enterprises selected in these two actions reached 264 and 304 respectively, and a number of reform models with new mechanisms, vitality and strong momentum have been accelerated.

Zhang Yuzhuo said at the meeting of the heads of the local SASAC held in January this year that the SASAC of the State Council will carry out the evaluation of the reform of local state-owned enterprises in 2023 in the first quarter of 2024.

In addition, in the critical year of the reform of state-owned enterprises, it has become a new requirement to include market value management in the performance appraisal of the heads of central enterprises. According to industry insiders, leveraging the capital market to achieve a simultaneous increase in market value while enhancing intrinsic value has become a new direction for the reform of state-owned central enterprises to accelerate the breakthrough.

As one of the first companies in mainland China to "embrace" the capital market, Dongfang Electric has laid a solid foundation for high-quality development with the help of the capital market. "We insist on actively giving back to shareholders, formulating a reasonable and sustainable profit distribution policy, and implementing cash dividends of more than 4 billion yuan in the past 10 years. Yu Peigen, Secretary of the Party Leadership Group and Chairman of Dongfang Electric Group, said that the next step will be to enhance the value creation and value realization capabilities of listed companies and help the stable and healthy development of the capital market.

All things are born according to their origins, and everything is made by their way. With the acceleration of the deployment and implementation of the new round of state-owned enterprise reform and upgrading, state-owned central enterprises are constantly stirring up a new atmosphere, injecting strong impetus into economic development, and will also bring new dividends to the capital market.