On April 28, the State-owned Assets Supervision and Administration Commission of the State Council held an on-site promotion meeting for the deepening and upgrading of state-owned enterprise reform in Zhuzhou, Hunan. Wang Hongzhi, member of the Party Committee and deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said that it is necessary to flexibly use mergers and acquisitions, listing and financing, industrial coordination, joint research and other ways to develop new industries. Based on the actual situation of industrial development, more industries with urgent development situation should adopt mergers and acquisitions to quickly enter and win valuable strategic opportunities.
The scene of the promotion meeting reporter Liu Liliang/photo
Quick Facts
Flexibly use mergers and acquisitions, listing and financing, industrial synergy, joint research and other methods to develop new industries
For industries with urgent development situation, more mergers and acquisitions will be adopted to quickly enter and win valuable strategic opportunities
Considering the "strategic loss period" that must be passed through by some new industries and future industrial development, we should implement differentiated, long-term assessment and evaluation and medium and long-term incentive mechanisms
Actively consider and promote major strategic and structural restructurings that promote a higher level of fulfillment of functions and missions and improve the efficiency of resource allocation on a larger scale
In accordance with the principle of "one enterprise, one industry, one enterprise", the internal resources should be "whole" and "should be combined"
Ensure that more than 70% of the main tasks are completed by the end of this year
Increase incentives for innovation backbones
In terms of improving the scientific and technological innovation system and mechanism of state-owned enterprises, Wang Hongzhi said that it is necessary to improve the precise assessment of innovation and the incentive mechanism of medium and long-term assessment. For basic research and forward-looking disruptive research, establish a medium- and long-term assessment and differentiated support system. With a clear orientation, we will increase the incentive for the backbone of innovation, give priority to the increase in the total salary for scientific and technological talents who have made contributions, implement a separate list of the total salary of the scientific research team that undertakes major national scientific and technological projects, explore and carry out traceable and feed-back benefit sharing, and promote the expansion of the pilot reform of the empowerment of scientific and technological achievements as soon as possible.
"It is necessary to truly implement the innovative and inclusive mechanism. Attaching importance to intrinsic value and long-term value, innovation does not achieve the expected goals, even if it only proves that this path does not work, it is an intangible asset and should be affirmed. Wang Hongzhi said.
Flexibly use mergers and acquisitions, reorganization, listing and financing to develop new industries
Wang Hongzhi said that it is necessary to adhere to the "two ends" of new industries and traditional industries, and play a leading and supporting role in the development of new quality productive forces.
The first is to gather advantageous resources to develop new industries. On the basis of finding the right entry point for the industry in the light of reality, it is necessary to persist in advancing and retreating, adjusting the structure, and freeing up space for resources and developing new industries by revitalizing inefficient and ineffective assets and idle land. Make good use of leverage to leverage more social capital to develop new industries in a coordinated manner. Flexibly use mergers and acquisitions, listing and financing, industrial synergy, joint research and other methods to develop new industries. Based on the actual situation of industrial development, more industries with urgent development situation should be quickly entered by means of mergers and acquisitions to win valuable strategic opportunities. After mergers and acquisitions, we should do a good job in integration and provide new models, new mechanisms and new atmospheres needed for the development of new industries.
The second is to strengthen the digital intelligence network to empower traditional industries. Qualified enterprises should pay close attention to tackling key areas and links such as computing power and algorithms, lay out cutting-edge technologies in multiple paths, and strive to achieve overtaking in corners and changing lanes. Central enterprises and large local state-owned enterprises, especially leading enterprises in the industry, should accelerate the implementation of the "AI+" special action, give full play to the advantages of multiple application scenarios, take the lead in seizing the opportunity of artificial intelligence to empower traditional industries, take the initiative to open up application scenarios, and actively cooperate to create an industry model that can be integrated into the production and operation system of enterprises, and strive to accelerate the realization of technological iteration and upgrading and the transformation of growth momentum by "applying technology". Some smaller, weaker enterprises should also actively explore and provide more application scenarios that can be implemented with artificial intelligence technology, and strive to achieve leapfrog development. It is necessary to continue to promote the industrial Internet and "5G+" applications, and promote the accelerated upgrading of traditional businesses and low-end industries.
The third is to implement more targeted support measures. It is necessary to consider the "strategic loss period" that must be passed through by some new industries and future industrial developments, distinguish different stages of development such as start-up period, growth period and maturity period for these industries and related funds, implement differentiated and long-term assessment and evaluation and medium and long-term incentive mechanisms, and calculate the overall account and long-term account. In-depth implementation of major technological transformation and large-scale equipment renewal projects in the manufacturing industry, accelerate the elimination of backward and inefficient equipment that has been in service for a long time, accelerate energy conservation and carbon reduction, old chemical equipment renovation, cleaner production transformation and process innovation, actively carry out green advanced and applicable technology research and application, enhance the effective supply of high-end products with high added value and green and low-carbon, and accelerate the formation of green production methods.
Promote major strategic and structural restructuring
In terms of restructuring and integration, Wang Hongzhi said that it is necessary to promote strategic reorganization with innovative thinking, and at the same time pay close attention to promoting the clear tasks, according to the new situation and new requirements, actively consider and promote the major strategic and structural reorganization to promote a higher level of performance of functional missions and improve the efficiency of resource allocation on a larger scale, and consider the personnel transfer, diversion and placement involved in the reorganization in advance to ensure steady and orderly implementation.
He said that it is necessary to highlight the main business, focus on the industry and promote professional integration. With advantageous subsidiaries as the main body, in accordance with the principle of "one enterprise, one industry, one enterprise", the internal resources should be "whole" and "should be combined", so as to realize the effective gathering and efficient utilization of high-quality production materials and human resources. State-owned enterprises, especially between central enterprises and local state-owned enterprises and local state-owned enterprises, should give full play to their own resource endowments and technological advantages, extensively explore cooperation scenarios, increase exchanges and cooperation, and promote complementary advantages, resource integration, dislocation development, mutual benefit and win-win results. Leading enterprises should take the initiative to plan and promote restructuring and integration along the industrial chain, and promote the allocation of resources in the industrial chain innovation chain to be more reasonable within a larger scope and at different levels.
Regarding the disposal of "two non" and "two capitals", Wang Hongzhi said that at present, 19 places have established a multi-departmental linkage green channel for the disposal of "two nons" and "two capitals", but there are still some places with heavy exit tasks that have not yet been established. It is necessary to actively coordinate with relevant departments to accelerate the establishment of green channels. Take multiple measures to "reduce losses and stop bleeding", especially the local and central enterprises where the problem of "small scattered and weak" is more prominent, we must come up with greater determination and more practical measures, and strive to "clear zero" within a time limit.
Ensure that more than 70% of the main tasks are completed by the end of the year
"All central enterprises and localities should fully implement the implementation plan and work ledger of their units while focusing on the key points, and ensure that more than 70% of the main tasks are completed by the end of this year. Wang Hongzhi said.
He said that the State-owned Assets Supervision and Administration Commission of the State Council will further strengthen overall coordination, especially around the cross-regional, multi-subject major scientific and technological innovation, new industries and future industrial development, strategic restructuring and professional integration and other key reform tasks, to build a more information sharing, resource collaboration platform, and enhance the joint force of work. For some major issues that need to be coordinated, it is necessary to report them to the State-owned Assets Supervision and Administration Commission of the State Council in a timely manner.
A number of state-owned enterprises disclosed new progress in reform
At the meeting, a number of central enterprises reported new progress in reform.
"As of the first quarter of 2024, the overall completion rate of the reform task of the group company is more than 1/3. Sun Yongcai, Secretary of the Party Committee and Chairman of CRRC, said that the group has set up new energy and new rail transit R&D enterprises, accelerated the internal business restructuring and professional integration, strengthened the reduction of the number of legal persons, and controlled the management level of legal persons within level 4. Carry out special actions to improve the quality of holding listed companies, improve and improve the evaluation system of the board of directors of subsidiaries, and systematically optimize the work system and mechanism of full-time outside directors. In addition, three special actions to improve the operating cash ratio, return on net assets, and labor productivity of all employees were implemented, and the asset-liability ratio remained at a low level, and the labor productivity rate of all employees increased significantly.
Xu Shubiao, member of the party group and deputy general manager of, said that the group has deeply studied and judged the development situation of the energy and power industry, advanced the layout of new industries such as photovoltaic and wind power, clarified the direction, goals and key tasks of industrial development at the group level, and decomposed and formed a regional development plan and key project planning list of "one province and one policy". Differentiation grants secondary units greater authority to invest in the new industry, fully stimulates the endogenous power of the self-development of the subsidiary, and the proportion of investment in the new industry will exceed 50% for 6 consecutive years and 70% in 2023.
Li Jun, member of the Party Leadership Group and deputy general manager of China Telecom, said that in 2023, China Telecom's operating income will exceed 620 billion yuan, and the revenue of Zhanxin business will account for 84%. The market capitalization of China Telecom increased by 2.2 times.
According to reports, China Telecom will accelerate the development of artificial intelligence as a major strategy of the company, fully deploy and implement "AI+ action", build a leading intelligent computing infrastructure, upgrade the "Huiju", "Yunxiao" and "Xiyang" intelligent computing platforms, build the "Lingze" data element platform, release 12 industry models such as government affairs, education, and transportation, and empower multi-scenario applications such as new industrialization.
Reviewer: Zhang Qinfeng Editor: Zhang Jing Proofreader: Zhang Diange Producer: Yu Zhe Signed: Fei Yangsheng
