Recently, the State-owned Assets Supervision and Administration Commission of the State Council held a seminar in Beijing for the heads of local state-owned assets supervision and Administration Commissions. The reporter learned from the seminar that since the beginning of this year, the State investment committees and state-owned enterprises around the country have pressed ahead and forged ahead despite difficulties, and new positive progress has been made in various work.

Business development proceeded in an orderly manner. From January to June, local supervised enterprises achieved total operating revenue of 19.2 trillion yuan, total profits of 826.78 billion yuan, fixed asset investment of 2.9 trillion yuan, effective revitalization of existing assets, and effective risk prevention in key areas.

Our capacity for scientific and technological innovation was accelerated. From January to June, local supervised enterprises invested 249.57 billion yuan in research and development, an increase of 10.4% over the same period last year. The policy system to support enterprise innovation was improved at a faster pace, the construction of original technology hubs achieved initial results, and collaborative innovation efforts were fully advanced.

The development of a modern industrial system was accelerated. The layout of emerging industries continued to increase, the pace of upgrading of traditional industries accelerated, and the role of security support was effectively brought into play. Beijing accelerated the development of 300 billion-level industrial clusters in electronic information, automobiles, energy conservation and environmental protection, and Shanghai set up a pilot industry fund with a total size of 100 billion yuan to help accelerate the development of emerging industries such as integrated circuits, biomedicine and artificial intelligence.

State-owned enterprises are the backbone of the national economy. In the face of downward pressure, local state-owned assets and state-owned enterprises have made special efforts to reform and innovation, accelerate the transformation of the model, adjust the structure, and promote high-quality development.

Zhang Yuzhuo, Secretary of the Party Committee and director of the State-owned Assets Supervision and Administration Commission of the State Council, stressed that all SASAC should take the spirit of studying and implementing the Third Plenary Session of the 20th Central Committee of the Party as an important opportunity, adhere to the problem orientation and goal orientation, and firmly promote the development of enterprises from the extensive growth of scale and speed to the intensive growth of quality and efficiency, and the development power is driven by investment, labor and other factors to innovation. We will shift our development structure from focusing on incremental expansion to focusing on both adjusting stock and improving growth. We will encourage state capital and soes to become stronger, better and bigger. We will strengthen their core functions and enhance their core competitiveness, accelerate the development of new modern soes and world-class enterprises, and better serve the overall work of the Party and the country.

According to the relevant deployment, in the second half of the year, the local SASAC should focus on high-quality stable growth, guide enterprises to pay close attention to the production and operation goals formulated at the beginning of the year, accelerate the transformation of the development model, actively optimize and adjust the business strategy, and effectively shift the development focus to the connotation of growth relying on innovation. We will step up efforts to settle receivables, take the lead in paying off arrears owed to small and medium-sized enterprises, facilitate the integrated development of middle and downstream enterprises in the industrial chain, and make every effort to promote a sustained recovery of economic performance.

At the same time, we should vigorously promote the deep integration of scientific and technological innovation and industrial innovation, accelerate the development of new quality productivity, strengthen the role of state-owned enterprises in scientific and technological innovation, strengthen scientific and technological innovation, foster and strengthen strategic emerging industries and future industries, promote the high-end, intelligent and green development of traditional industries, and better contribute to the construction of a modern industrial system.

This year is a key year for further implementing the actions to deepen and upgrade the reform of state-owned enterprises. The State-owned Assets Supervision and Administration Commission of the State Council clearly stated that it is necessary to build on the momentum to deepen the reform of state-owned enterprises, complete more than 70% of the main tasks by the end of this year, focus on the latest reform tasks proposed by the Third Plenary Session of the 20th Central Committee of the Party, put forward specific implementation measures to deepen the reform of state-owned enterprises in combination with the actual study of local work, pay more attention to the systematic, holistic and collaborative reform, and give enterprises greater autonomy in reform. We will promote enterprises to implement more active, open and effective talent policies, continue to increase reform demonstration guidance and typical promotion efforts, and fully stimulate the internal vitality of enterprise development.

Source: SASAC of The State Council