The Third Plenary Session of the 20th CPC Central Committee deliberated and adopted the Decision of the CPC Central Committee on Further Comprehensively Deepening Reform and Promoting Chinese-Style Modernization, which made a systematic deployment for deepening the reform of state-owned assets and state-owned enterprises.

How to grasp the correct direction of state-owned assets and state-owned enterprises reform? How to implement the key tasks of "promoting the optimization and structural adjustment of the state-owned economy" and "improving the institutional arrangements for promoting original innovation in state-owned enterprises"? Reporter interviewed The State Council SASAC Party secretary, director Zhang Yuzhuo.

Firmly grasp the principle of deepening the reform of state-owned assets and state-owned enterprises

Q: The "Decision" puts forward new requirements and new arrangements for deepening the reform of state-owned assets and soes. How will the SASAC of The State Council implement them?

A: The Decision has integrated the deepening of the reform of state-owned assets and state-owned enterprises into the overall strategic situation of deepening reform, made systematic deployment, and clarified the orientation, pace and focus of our work on deepening reform on the new journey. The State-owned Assets Supervision and Administration Commission of the State Council will guide and promote state-owned assets and state-owned enterprises to go all out to reform, concentrate on development, and provide strong support for Chinese-style modernization. The key points will be grasped from five aspects.

First, firmly grasp the overall goal of deepening the reform of state-owned assets and state-owned enterprises, and continue to promote state-owned capital and state-owned enterprises to become stronger, better and bigger. We must adhere to and implement the "two unwavering principles", rely on reform to remove institutional obstacles that restrict the high-quality development of enterprises, and constantly consolidate the important material and political foundation of socialism with Chinese characteristics.

Second, firmly grasp the fundamental requirements of deepening the reform of state-owned assets and state-owned enterprises, enhance core functions and enhance core competitiveness. To strengthen core functions, we need to improve our ability to provide strategic support, ensure people's livelihood, and create value through reform, so that we can better shoulder our political and social responsibilities while assuming our economic responsibilities. To enhance core competitiveness is to better adapt to the requirements of market competition, continue to work hard on key elements such as science and technology, efficiency, talent, and brand, and shape the unique advantages of enterprises. We will focus on improving the "five values" (value added, functional value, economic value added, the proportion of revenue and added value of strategic emerging industries, and brand value), coordinate functional structural reform and institutional reform, and continue to shape the functional and competitive advantages of soes.

Third, firmly grasp the clear direction of deepening the reform of state-owned assets and state-owned enterprises, and accelerate the formation of production relations that are more compatible with the new quality of productive forces. We must seize the new round of scientific and technological revolution and industrial transformation, adapt to the new expectations of the people and new changes in market demand, accelerate the transformation of the organizational form, business mechanism and management system of enterprises, encourage all types of advanced production factors to converge on the development of new quality productivity, constantly raise total factor productivity, and create new advantages and new drivers of growth.

Fourth, firmly grasp the key tasks of deepening the reform of state-owned assets and state-owned enterprises, and constantly improve the overall efficiency of reform. We will improve the management and oversight systems and mechanisms, optimize the layout and structural adjustment of the state-owned economy, and improve the modern enterprise system with Chinese characteristics. We will ensure both full implementation and breakthroughs in key areas.

Fifth, firmly grasp the political principles of deepening the reform of state-owned assets and state-owned enterprises, and always adhere to and strengthen the Party's overall leadership over the reform of state-owned assets and state-owned enterprises. We must adhere to the Party's leadership in all aspects and the whole process of reform, promote the deep integration of party building with the production and operation of enterprises, and ensure that the reform of state assets and state-owned enterprises always moves in the right direction.

"Force at both ends" to promote the "three concentrations" of state-owned capital

Q: "Promoting the optimization and structural adjustment of the state-owned economy", what specific work will the SASAC of The State Council do?

A: Promoting the optimization of the layout and structural adjustment of the state-owned economy is an inherent requirement for strengthening, improving and expanding state-owned capital and state-owned enterprises, and is also an important way to enhance the overall function and role of the state-owned economy. The Decision has made special arrangements for this, and we will take it into consideration, make systematic plans and resolutely implement them.

The overall consideration is to focus on the development and growth of the real economy, combined with the in-depth implementation of the 14th Five-Year Plan and the planning and implementation of the 15th Five-Year Plan, promote the strategic restructuring, professional integration and forward-looking layout of the state-owned economy in a market-oriented way, coordinate the allocation of state-owned capital in a wider range, deeper level and wider areas, and effectively promote the "three centralization". That is, to focus on important industries and key areas related to national security and the lifeblood of the national economy, to focus on public services, emergency response capabilities, public welfare and other areas related to the national economy and people's livelihood, and to focus on forward-looking strategic emerging industries.

Specifically, we will adhere to both ends of the force, two-wheel drive: on the one hand, we will focus on the transformation of traditional industries, coordinate the upgrading of equipment, process upgrading, digital empowerment, and management innovation, and use digital intelligence technology and green technology to transform and upgrade traditional industries, and promote high-end, intelligent, and green development; On the other hand, we will strengthen the strategic layout of emerging industries, further implement the actions of central enterprises to revitalize industries and launch future industries, improve the mechanism for cultivating emerging industries, increase investment in next-generation information technology, artificial intelligence, aerospace, new energy, new materials, high-end equipment, biomedicine, quantum technology and other fields, and continue to generate new industries, new models, and new drivers.

In terms of implementation, we will use state-owned capital investment and operation companies as a platform, and improve the budget system for state-owned capital operation as a guarantee, strive to revitalize the stock, expand the increase in an orderly manner, constantly improve the efficiency of state-owned capital allocation and operation, and enlarge the overall function of the state-owned economy.

Strive to make greater breakthroughs in original innovation

Q: To promote original innovation, how to improve the institutional arrangement of state-owned enterprises?

A: Central enterprises are an important part of the national strategic scientific and technological force, and are the backbone of the construction of a powerful country in science and technology. We will resolutely implement the deployment of the Third Plenary Session of the 20th Central Committee of the Party, continue to strengthen the dominant position of enterprise scientific and technological innovation, improve the innovation system and mechanism, work together and continue to make efforts in the "three high and one excellent", and strive to make greater breakthroughs in original innovation.

First, we will strengthen the supply of high-quality science and technology. Actively integrate into the national innovation system, take the initiative to take the lead or participate in the national science and technology research tasks, establish a research and development reserve system for enterprises, strengthen goal-oriented basic research and applied basic research, in the strategic value of high, broad application prospects, their own advantages of the field, strive to master more key core technologies and the source of the underlying technology.

The second is to build a high-level research and development platform. We will deeply participate in the construction of national laboratories, build a number of national key laboratories, national technology innovation centers and other national-level R&D platforms, jointly build regional innovation centers, build high-level innovation consortia, deepen scientific and technological cooperation with various enterprises in the upper, middle and lower reaches, actively carry out international scientific and technological exchanges, and achieve more scientific and technological achievements.

Third, promote efficient industrial integration. Strengthen the enterprise-led deep integration of industry, university and research, take the initiative to open the market and application scenarios, accelerate the layout and construction of a number of proof of concept and pilot test verification platforms, promote the first (set), the first batch, the first application, so that more scientific and technological achievements from samples into products, from products to extend to the industry.

"One excellent" is to continue to create a high-quality innovation ecology. We will improve the policy of donors supporting original innovation, improve the mechanism for refunding research and development investment, promote the reform of empowering scientific and technological achievements in positions, take innovation and creation as the orientation, flexibly carry out various forms of medium - and long-term incentives, and further improve the compliance exemption mechanism in light of the high uncertainty of scientific research work, so that scientific and technological personnel are free to pursue their careers and engage in scientific research without distractions.

We will continue to improve the management and oversight system

Q: What are the considerations of the State-owned Assets Supervision and Administration Commission of the State Council in "improving the management and supervision system" and "improving the classified assessment and evaluation system of state-owned enterprises"?

A: The Decision makes important arrangements for improving the management and supervision system and mechanism. The State-owned Assets Supervision and Administration Commission of the State Council will resolutely implement, constantly innovate and develop the state-owned assets supervision system with Chinese characteristics, combine "live" and "manage", and constantly improve the efficiency of supervision.

On the one hand, full release of vitality. Adhere to the separation of government and enterprise, separate government and capital, fully respect and safeguard the property rights and management autonomy of enterprise legal persons, fully respect the grassroots initiative, on the premise of holding the bottom line of safety, encourage enterprises to implement personalized and differentiated reform exploration, so that enterprises are more full of vitality. The other is to strengthen supervision. We will implement the responsibility for maintaining and increasing the value of state-owned assets, improve the supervision system and supervision and restraint mechanism for state-owned assets, make good use of information technology and intelligence, guide enterprises to operate in accordance with the law and comply with the law, effectively prevent and defuse risks, and resolutely hold the bottom line of preventing the loss of state-owned assets.

At the same time, we will strengthen policy coordination and information sharing with relevant administrative departments, improve the precision, scientific and consistent policies, improve the centralized and unified supervision system of state-owned assets for operation, and give full play to the advantages of professional, systematic, law-based and efficient supervision, so that the direction of enterprise development will be more focused, more supportive and more friendly.

The "Decision" proposes to "improve the classified assessment and evaluation system of State-owned enterprises", which is an important link and a powerful starting point for improving the management supervision system and mechanism. In this regard, the State-owned Assets Supervision and Administration Commission of the State Council has done a lot of exploration, and has introduced an assessment implementation plan for 19 industries, and in the assessment of the business performance of central enterprises in 2024, the proportion of personalized indicators has reached 77%.

Next, we will further improve the classification assessment and evaluation system, formulate more targeted and personalized assessment indicators, accelerate the realization of "one industry, one policy", "one enterprise, one policy", and guide enterprises to show their strengths and strive to be the "top students" of different tracks, according to the situation that the central enterprise as a whole bears multidimensional missions, diversified industrial distribution, and diversified business segments. Achieve higher quality and better functional development.

Source: SASAC of The State Council