Continuously innovate and develop the state-owned assets supervision system with Chinese characteristics
Party Committee of State-owned Assets Supervision and Administration Commission of the State
Since the 18th National Congress of the Communist Party of China, the Party Central Committee with Comrade Xi Jinping as the core attaches great importance to the supervision of state-owned assets, and General Secretary Xi Jinping has made a series of important speeches and made a series of important instructions and instructions, and has vigorously promoted the theoretical innovation, practical innovation and institutional innovation of state-owned assets supervision, and gradually explored the formation of a state-owned assets supervision system with Chinese characteristics. This system adheres to the guidance of General Secretary Xi Jinping's important exposition on the reform and development of state-owned enterprises and party building, which not only follows the laws of market economy and enterprise development, but also reflects the national conditions of the mainland and the actual situation of state-owned enterprises, provides a strong guarantee for promoting the high-quality development of state-owned enterprises, and is an important innovation of the socialist market economy. We must firmly grasp the basic position, major principles, methods and paths of our party's leadership and development of state-owned enterprises, and continue to innovate and develop the state-owned assets supervision system with Chinese characteristics in the new practice.
Persist in taking the party's overall leadership as the general principle, and give full play to the political advantages of party building in state-owned enterprises. Upholding the party's leadership and strengthening party building are the "root" and "soul" of state-owned enterprises and the glorious tradition and unique advantages of state-owned enterprises on the mainland. Without the strong leadership of the party, without the long-term efforts of party organizations at all levels of state-owned enterprises, and without the unremitting struggle of the vast number of party members, cadres and workers of state-owned enterprises, there would be no state-owned enterprises today. To strengthen the supervision of state-owned assets, it is necessary to promote state-owned enterprises to better adhere to the party's leadership and strengthen party building.
Since the 18th National Congress of the Communist Party of China, especially since the National Conference on Party Building in State-owned Enterprises, state-owned assets and state-owned enterprises have taken a clear stand to strengthen the party's overall leadership, insisted on putting political construction in the first place, and deepened the implementation of the "first topic" and "alignment with benchmarking" systems. The State-owned Assets Supervision and Administration Commission of the State Council has carried out the implementation of General Secretary Xi Jinping's important instructions and instructions on a regular basis, strengthened the party's leadership in improving corporate governance, and comprehensively formulated a list of pre-research items for party committees (party groups) at the level of central enterprise groups and 12,600 important subsidiaries, carried out the assessment of the party building responsibility system for 7 consecutive years, continued to improve the pattern of party building work, and continuously improved the standardization and standardization level of party building. After years of hard work, the awareness and responsibility of state-owned enterprises to manage the party and govern the party have been significantly enhanced, the weakening of the party's leadership and the lack of party building have been markedly improved, and fundamental and significant changes have taken place in the appearance of enterprises, the appearance of the contingent, and the outlook of reform and development.
On the new journey, state-owned enterprises bear more important responsibilities and more glorious missions, and we must resolutely strengthen the party's leadership and party building throughout the whole process and all aspects of state-owned assets supervision, and effectively transform political and institutional advantages into development advantages and competitive advantages, so as to promote state-owned enterprises to better become an important force for our party to win the victory of the great struggle with many new historical characteristics. Improve the institutional mechanism for achieving the "two safeguards", deepen the implementation of the spirit of General Secretary Xi Jinping's important instructions and instructions on the construction of demonstration sites, improve the implementation mechanism of the whole chain of "political elements", and resolutely implement the major tasks deployed by the Party Central Committee. Adhere to the "two consistent", constantly improve the modern enterprise system with Chinese characteristics, and further promote the organic unity of the party's leadership and corporate governance. Consolidate the grassroots foundation of party building, strengthen the construction of enterprise leadership team and cadre talent team, promote the deep integration of party building and business work, further enhance the political and organizational functions of grassroots party organizations of enterprises, and better play the role of fighting fortress.
Adhere to the direction of socialist market economy reform, and continue to deepen the separation of government from enterprise and government from capital. Adhering to the direction of socialist market economy reform is a major principle that cannot be shaken in the reform of state-owned enterprises, and separating government administration from enterprise management and capital is an effective institutional design for promoting the integration of state-owned enterprises and the socialist market economy. Looking back at the course of the reform of state-owned assets and state-owned enterprises since the beginning of reform and opening up, from delegating power and giving profits, to contracting operations, to establishing a modern enterprise system, to establishing a state-owned assets supervision and control system, and separating the state-owned assets supervision and control functions from the government's administrative management functions and general economic management functions, all of them have adapted to the requirements of establishing and perfecting the socialist market economic system, and have made efforts to solve the conspicuous problems that affect and restrict the separation of government administration from enterprise administration and from government capital.
Under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, the reform of state-owned enterprises in the new era has been deepened. Through the formulation and implementation of the "1+N" document on the reform of state-owned enterprises, and vigorously promote the three-year action of state-owned enterprise reform and the deepening and upgrading of the action, the supervision of state-owned assets has been further strengthened, the transformation of regulatory functions, concepts, methods, and priorities has been accelerated, and the centralized and unified supervision of operational state-owned assets has been further promoted, and the average proportion of centralized and unified supervision of state-owned assets supervision at the provincial level has exceeded 99%; In terms of system, the boundaries between the responsibilities of the government and enterprises have been further clarified; the separation and transfer of more than 20,000 public service institutions of various types and 15 million households of employees' families under the supervision of the state-owned assets system has been completed, and more than 20 million retirees have basically realized socialized management, effectively promoting state-owned enterprises to participate in market competition more fairly and further integrate with the market economy.
- On June 11, 2023, the final joint of the submarine immersed tunnel of the Shenzhong Channel, a major national project participated in the construction by CCCC First Harbor Bureau No. 2 Engineering Co., Ltd., was closed. The picture shows that on June 8, 2023, the "Yihang Jin'an 1" immersed tube transportation and installation integrated ship floated the E23 pipe section and the final joint to the installation site. Xinhua News Agency
To improve the supervision system of state-owned assets with Chinese characteristics, it is necessary to further deepen the separation of government from enterprises and from government and capital, straighten out the relationship between the government and state-owned enterprises, and promote the deep integration of state-owned enterprises with the socialist market economy. On the one hand, in accordance with the law, clarify the responsibilities of the government's social public management departments and state-owned assets regulatory agencies, improve the operational state-owned assets investor system and centralized and unified supervision system, create a professional state-owned assets regulatory agency, and rely more on the company's articles of association and corporate governance structure to exercise power and perform duties, to ensure that the scientific management of the management, never lacking, should not be managed in accordance with the law, never offside. On the other hand, we will continue to deepen the reform of state-owned enterprises, continuously improve the modern corporate governance of state-owned enterprises with Chinese characteristics, improve the flexible and efficient market-oriented operation mechanism, and promote state-owned enterprises to truly become independent market entities that participate in market competition fairly and are full of vitality.
Adhere to high-quality development as the primary task, and promote state-owned enterprises to become stronger, better and bigger. General Secretary Xi Jinping pointed out that it is necessary to uphold and improve the basic socialist economic system, unswervingly consolidate and develop the public economy, and unswervingly encourage, support and guide the development of the non-public economy; state-owned enterprises are an important material and political foundation for socialism with Chinese characteristics, and an important pillar and strength for the party to govern and rejuvenate the country. Fundamentally speaking, to do a good job in the supervision of state-owned assets is to develop and expand the state-owned economy, promote the high-quality development of state-owned enterprises, and continuously consolidate the important material and political foundation of socialism with Chinese characteristics.
Since the 18th National Congress of the Communist Party of China, state-owned assets regulators at all levels have resolutely implemented the major deployments of the Party Central Committee and the State Council, promoted the in-depth implementation of the innovation-driven development strategy of state-owned enterprises, accelerated the pace of industrial transformation and upgrading, and continuously improved the quality and efficiency of development, effectively playing the role of "pillar" and "ballast" of the national economy. According to the express report, by the end of 2023, the total assets of enterprises supervised by the state-owned assets system in the country will reach 317.1 trillion yuan, an increase of 3.4 times over the end of 2012, the operating income and total profit in 2023 will be 80.3 trillion yuan and 4.5 trillion yuan, respectively, an increase of 1.1 times and 1.2 times over 2012, and the cumulative added value from 2012 to 2023 will be 146.9 trillion yuan, with an average annual growth rate of 8.1%.
At present, the international situation is extremely grim and complex, and the foundation for the sustained recovery of the mainland's economy is not yet solid, and it is necessary for the state-owned economy and state-owned enterprises to better play a leading role and strategic supporting role. In this case, to do a good job in the supervision of state-owned assets, we must take stronger, better and larger state-owned enterprises as the overall goal, further completely, accurately and comprehensively implement the new development concept, and solidly promote the high-quality development of state-owned enterprises. In particular, it is necessary to make greater efforts to become stronger and better, improve the evaluation of rewards and punishments, incentives and restraint mechanisms, guide state-owned enterprises to effectively improve the quality and reasonable growth of quantity, and continue to enhance the competitiveness, innovation, control, influence, and anti-risk ability of the state-owned economy, so as to provide a more solid material foundation for Chinese-style modernization.
Persist in focusing on the "three concentrations" and strategically promote the optimization of the layout and structural adjustment of the state-owned economy. The third meeting of the Central Committee for Comprehensively Deepening Reform emphasized that state-owned capital should be concentrated in important industries and key areas related to national security and the lifeline of the national economy, in public services, emergency response capabilities, and public welfare fields related to the national economy and people's livelihood, and in forward-looking strategic emerging industries. Promoting the optimization and structural adjustment of the layout of the state-owned economy based on the main industry will help to coordinate the allocation of state-owned capital in a wider range, at a deeper level and in a wider range of fields, help improve the efficiency of state-owned capital allocation, enhance the overall function of the state-owned economy, and better support the construction of a modern industrial system, which is an inherent requirement for the supervision of state-owned assets.
State-owned assets regulators at all levels resolutely implement the major deployments of the CPC Central Committee and the State Council, focus on strategic security, industry leadership, national economy and people's livelihood, public services and other functions, optimize and adjust the layout and structure with unprecedented efforts, and promote strategic restructuring and professional integration. The state-owned economy has made a large number of world-class scientific research achievements in the fields of aerospace, deep sea, energy, communications, transportation, national defense and military industry, and has built a number of leading enterprises in the industries with strong competitiveness in the fields of shipbuilding, iron and steel, chemical industry, equipment manufacturing, energy and power, building materials, etc., which has led to the formation of a large number of advantageous industrial clusters, and a large number of non-main and non-advantageous businesses and inefficient and ineffective assets have been withdrawn in an orderly manner. The proportion of central enterprises in the fields related to national security, national economy and people's livelihood has exceeded 70%, and the average annual investment growth rate of strategic emerging industries has exceeded 20% in the past five years.
This year's government work report stresses that we should vigorously promote the construction of a modern industrial system and accelerate the development of new quality productive forces. The construction of a modern industrial system for state-owned enterprises to play a leading role in industrial support put forward higher requirements, state-owned assets supervision work must focus on enhancing core functions, improve core competitiveness, and strive to promote state-owned enterprises to lead industrial innovation with scientific and technological innovation, and actively cultivate and develop new quality productivity, better play the role of scientific and technological innovation, industrial control, and security support. Based on the foundation of the real economy, we will expand and strengthen the advanced manufacturing industry, deeply implement major technological transformation and upgrading of the manufacturing industry and large-scale equipment renewal projects, actively promote new industrialization, promote the high-end, intelligent and green development of the manufacturing industry, and let the traditional industries glow with new vitality. We will increase investment in strategic emerging industries and future industries such as new generation information technology, artificial intelligence, new energy, new materials, biotechnology, and green environmental protection, and continue to shape new momentum and new advantages for development. Accelerate the promotion of high-level scientific and technological self-reliance and self-reliance, give full play to the role of enterprises as the main body of scientific and technological innovation, strengthen major scientific and technological research, actively promote the integration and innovation of production, education and research, and accelerate the transformation of scientific and technological achievements into real productivity.
Adhere to the responsibility of serving the national strategy, and promote the unity of economic, political and social responsibilities of state-owned enterprises. State-owned enterprises are the pillars of the socialist economy with Chinese characteristics, and they must consciously serve the overall situation of the work of the party and the state. Promoting state-owned enterprises to resolutely implement major national strategies is an important responsibility of state-owned assets supervision.
State-owned assets regulators at all levels have guided and promoted state-owned enterprises to take the lead in implementing the national strategic deployment, strengthened public services and emergency response capacity-building, and provided nearly 100% of the country's crude oil production, 100% of the power grid coverage, and 97% Since 2013, the central enterprises have handed over a total of 1.5 trillion yuan of state-owned capital gains, transferred 1.2 trillion yuan of state-owned capital to the social security fund, invested and introduced more than 100 billion yuan of various funds in poverty alleviation, and all 246 key counties of national poverty alleviation and development work have been lifted out of poverty. A number of landmark projects such as the port of Piraeus in Greece have been successfully implemented.
- The picture shows the salt mining ship of the Potash Branch of Qinghai Salt Lake Industry Co., Ltd. operating in the salt lake on March 14, 2024. Photo by Xinhua News Agency reporter Chen Jie
Embarking on a new journey, state-owned enterprises need to play a greater role in promoting the realization of common prosperity or coping with various risks and challenges, whether it is to promote carbon peak and carbon neutrality or promote high-level opening-up, whether it is to do a good job in cross-cyclical and counter-cyclical adjustment or to promote the common development of all types of ownership economies, whether it is to promote the realization of common prosperity or to deal with various risks and challenges. To do a good job in the supervision of state-owned assets, we must closely focus on the grand goal of promoting Chinese-style modernization, consciously think and act under the overall situation of serving the cause of the party and the country, closely combine the needs of the country with the directors of state-owned enterprises, and effectively promote state-owned enterprises to play a good role as a national team, the main force and the vanguard in the implementation of the national strategy, and coordinate the fulfillment of economic, political and social responsibilities.
Adhere to the effective prevention and resolution of major risks as the basic bottom line, and continue to strengthen the supervision of state-owned assets. Many state-owned enterprises are in important industries and key areas related to national security and the lifeline of the national economy, with an important position and a key role, and the prevention and resolution of major risks are related to national security and development security, which is an important requirement for the supervision of state-owned assets.
State-owned assets regulatory agencies at all levels thoroughly implement the overall national security concept, put the prevention and resolution of major risks in a more prominent position, effectively strengthen and improve the supervision of state-owned assets, continuously establish and improve the comprehensive risk management system, establish monitoring and early warning, risk reporting, penetrating supervision, accountability and other mechanisms, carry out in-depth investigation of major losses of state-owned assets and investigation of responsibility for violations, strictly and practically grasp the prevention and resolution of key risks such as debt, investment, financial business, and production safety, and firmly guard the bottom line of no systemic major risks.
In particular, there are still some problems that need to be solved urgently in the areas of overseas operations, investment, debt, and compliance management of state-owned enterprises. To strengthen the supervision of state-owned assets, we must further firmly establish the concept of safe development, based on existence, focus on prevention, and implementation in control, effectively improve the forward-looking, accurate, rigid and effective supervision, prevent and resolve all kinds of major risks, and ensure high-quality development with high-level safety. On the one hand, it is necessary to improve the complete work chain of pre-event system standardization, tracking and monitoring, and post-event supervision and accountability, improve the information sharing and coordination mechanism between various supervision forces, and create a comprehensive, professional, authoritative and efficient state-owned assets supervision system to strengthen the joint force of supervision. On the other hand, it is necessary to strengthen the construction of the internal control system of the enterprise, and give better play to the role of the probe tentacles of the supervision forces such as external directors, chief accountants, general counsel, chief compliance officers and the internal audit team of the enterprise, so as to comprehensively, three-dimensionally and timely reveal the current problems of the enterprise, and continuously improve the ability of risk monitoring and prevention and resolution.
Adhere to and improve the professional, systematic, legal, and efficient state-owned assets supervision model, and continuously improve the efficiency of state-owned assets supervision. Over the years, the state-owned assets regulatory agencies at all levels have adhered to the principle of "establishing rules first and then doing things", firmly grasped the responsibilities of investors, started from the basic work such as establishing rules and regulations, clearing assets and verifying funds, and built a complete set of regulatory systems and work systems around planning and investment, financial evaluation, property rights management, assessment and distribution, capital operation, supervision and accountability, cadre selection and other responsibilities, and created a professional team of state-owned assets supervision, which effectively promoted state-owned enterprises to continue to become stronger, better and bigger under the conditions of socialist market economy. To adapt to the development and changes of the situation and the new mission, new positioning and new requirements of state-owned assets and state-owned enterprises, state-owned assets regulatory agencies at all levels continue to improve the system and work system of state-owned assets supervision laws and regulations, actively adjust and optimize the ways and means of state-owned assets supervision, accelerate the construction of a national state-owned assets and state-owned enterprises online supervision system, and strive to build a large pattern of state-owned assets supervision, continue to strengthen professional, systematic, legal, and efficient supervision, and improve the state-owned assets supervision model with the characteristics of investors.
At present, the problems of offside, lack and inadequacy in the supervision of state-owned assets still exist to varying degrees, and the ways and means of supervision need to be improved. On the new journey, to do a good job in the supervision of state-owned assets, we must better adapt to the requirements of marketization, rule of law, internationalization, in view of the outstanding problems in the current supervision work, focus on enhancing the systematization of supervision, stabilize growth, grasp reform, strong innovation, promote development, risk prevention and other multiple regulatory objectives together, and constantly promote system innovation, management innovation, strengthen all-round whole-process supervision; It is necessary to enhance the effectiveness of supervision, make good use of informatization, digitization and intelligent tools, deepen classified supervision and "one enterprise, one policy" supervision, timely study and solve the pain points, difficulties and blockages encountered in the reform and development of enterprises, and continuously improve the efficiency of state-owned assets supervision.
- The UHV line project is the first UHV project in mainland China to transmit electricity from wind power photovoltaic bases in desert, Gobi and desert areas. The picture shows power workers in Lengshi Town, Anhua County, Yiyang City, Hunan Province, on March 12, 2024. Photo by Xinhua News Agency reporter Chen Sihan
Adhere to the comprehensive and strict governance of the party as an important guarantee, and promote state-owned enterprises to create a good political ecology with a clean and upright atmosphere. Comprehensively and strictly governing the party is a valuable experience in strengthening the supervision of state-owned assets and promoting state-owned enterprises to become stronger, better and bigger in the new era. In recent years, in the implementation of the spirit of General Secretary Xi Jinping's important instructions and the decisions and arrangements of the Party Central Committee, the anti-corruption efforts of state-owned enterprises have continued to increase, and the special rectification of illegal business enterprises, false trade, and illegal affiliation has been carried out solidly, and violations of discipline and law such as benefit transfer, rent-seeking and rent-seeking, as well as new types of corruption and hidden corruption such as "shadow companies" and "shadow shareholders" have been seriously investigated and dealt with, and the "four winds" problem, especially formalism and bureaucracy, has been resolutely curbed, creating a good environment for the sustainable and healthy development of state-owned enterprises.
At present, the situation in improving the party's work style, building a clean and honest government, and fighting corruption in state-owned enterprises is still grim, and corruption is still prone to occur frequently in some fields. To do a good job in the supervision of state-owned assets, we must always adhere to the strict tone for a long time, promote the continuous development of comprehensive and strict governance of the party, and provide a strong guarantee for the high-quality development of state-owned enterprises. It is necessary to combine the improvement of the state-owned assets supervision system with the improvement of the system of comprehensively and strictly administering the party in state-owned assets and state-owned enterprises, promote the efficient linkage and effective integration of intra-party supervision with other types of supervision forces, and comprehensively strengthen the restraint and supervision of power. Intensify the anti-corruption efforts of state-owned enterprises, promote the integration of not daring to be corrupt, not being able to be corrupt, and not wanting to be corrupt, give full play to the role of the sword of inspection and inspection, do a solid job in the "second half of the article" of inspection and rectification, resolutely cut off the intertwined chain of political corruption and economic corruption, and resolutely eradicate the soil conditions for corruption in state-owned assets and state-owned enterprises.
Practice has fully proved that improving the state-owned assets supervision system with Chinese characteristics and strengthening the supervision of state-owned assets is an important guarantee for strengthening and optimizing state-owned enterprises and giving full play to the strategic supporting role of the state-owned economy. On the new journey, it is necessary to continuously innovate and improve the supervision system of state-owned assets with Chinese characteristics, solidly promote the high-quality development of state-owned enterprises, better assume the functions, missions and responsibilities entrusted by the Party Central Committee, and make new and greater contributions to the construction of a strong country and the great cause of national rejuvenation.
Source: "Qiushi" 2024/08
Author: Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council