In 2025, the reform of state-owned enterprises to deepen and improve the action to start the "end of the war." How is the reform going so far? How to take it further?

The reporter learned from the State-owned Assets Supervision and Administration Commission of the State Council that in the past year, state-owned assets and state-owned enterprises have fully promoted the deepening of reform and upgrading actions, relying on reform to continuously activate the development potential, improve the efficiency of supervision, and enlarge the overall function. In the next step, we will compare tasks, consolidate responsibilities, focus on key points, make all-out efforts to overcome difficulties, and complete high-quality actions to deepen and upgrade the reform of state-owned enterprises to ensure that the reform results can stand the test of practice.

Adhere to the clear direction of cultivating and developing new quality productive forces

Accelerating the formation of production relations that are more compatible with the new quality of productive forces is a distinctive feature and an important goal of the reform and upgrading of state-owned enterprises.

At present, technological innovation has become a key factor to promote the development of productivity. Aiming at this area, state-owned enterprises have played a series of "combined fists" in the past year

By further improving the mechanism for diversified R&D investment, the R&D expenditure of central enterprises and local state-owned enterprises will reach 1.1 trillion yuan and 633.4 billion yuan respectively in 2024, maintaining the momentum of growth.

In 2024, the State-owned Assets Supervision and Administration Commission of the State Council continued to improve the policy of investors and released the annual list of outstanding enterprises in science and technology innovation for the first time. State-owned enterprises have established a results-oriented medium - and long-term incentive mechanism and a benefit-sharing mechanism for the transformation of results, and implemented equity dividend incentives for 250,000 key talents and scientific research backbone.

Set up three batches of 24 innovation consortiums, open the market and application scenarios, and improve the normal supply and demand docking mechanism... Central enterprises and local state-owned enterprises cooperate with universities and research institutes and upstream and downstream enterprises in the industrial chain to create innovation entities integrating production, university and research, and promote the innovation of the whole chain from basic research to industrialization.

"To further deepen the reform of state-owned assets and state-owned enterprises, we must break the mindset and break path dependence, constantly enhance the creative leadership of work, promote the smooth flow and optimal allocation of various advanced production factors, guide the development of new quality productivity with scientific and technological innovation, and create new driving forces and new advantages for high-quality development of enterprises." The State-owned Assets Supervision and Administration Commission of the State Council clearly put forward.

It is understood that in order to solve major scientific and technological problems affecting the development of national security and long-term interests, state-owned central enterprises will focus on promoting technological research, transformation of achievements, ecological construction, and comprehensively enhance the scientific and technological innovation ability of enterprises.

We will improve the layout to ensure the steady replacement of old growth drivers with new ones

In recent years, state-owned assets and soes have adopted a number of reform measures to speed up the adjustment of their stock structure and optimize their incremental investment, and strive to achieve a steady transition from old growth drivers to new ones.

Fostering new industries and industries of the future - this is the key to occupying the commanding heights of competition and shaping new advantages.

In 2024, central enterprises completed the annual investment of 2.7 trillion yuan in strategic emerging industries, an increase of 21.8%, accounting for the proportion of total investment exceeded 40% for the first time, and made a series of new breakthroughs in quantum communication, artificial intelligence and other fields. In the same period, the investment of local state-owned enterprises in strategic emerging industries accounted for 21.8% and the revenue accounted for 16.9%.

Transforming and upgrading traditional industries - this is the support for stabilizing the basic plate and building a modern industrial system.

Central enterprises have extensively carried out equipment renewal, technological transformation, and process upgrading to speed up the shortcomings of the industrial chain, and invested more than 800 billion yuan in the implementation of old equipment renewal and digital green transformation last year, and built 120 smart factories.

Increase efforts to promote strategic restructuring and professional integration - this is an important measure to focus on the main responsibility and main business, and build advantageous enterprises.

China Resources Recycling Group Co., Ltd. and other new central enterprises have been established; Focus on new energy, equipment manufacturing and other key areas to carry out professional integration... In 2024, state-owned enterprises continue to move in restructuring and integration and the formation of new companies.

Increasing adjustment and optimization efforts to achieve the pace of the layout structure is not only an urgent need for state-owned enterprises to accelerate the transformation of kinetic energy, but also a major measure to give full play to the strategic support role of the state-owned economy and better help the construction of a modern industrial system.

It is understood that in the key tasks of the reform this year, optimizing the layout structure of state-owned assets and deepening the restructuring and integration are still the "key".

In terms of restructuring and integration, state-owned central enterprises will continue to carry out the formation of new companies, promote professional integration, and continue to strengthen integration and integration to maximize the release of reform dividends; In terms of investment, relevant enterprises will continue to make efforts in industrial renewal, equipment renewal and other aspects to promote the implementation of the doubling plan for strategic emerging industries.

We will promote reform by focusing on institutional improvement

The competition of "hard power" in science and technology and industry is also, to a certain extent, the competition of "soft power" of the system.

In recent years, with the reform of state-owned enterprises entering the "deep water zone", some deep-seated institutional obstacles have been effectively removed.

Data from the State-owned Assets Supervision and Administration Commission of the State Council shows that up to now, 98% of central enterprises and sub-enterprises of local state-owned enterprises have established a term system and contractual management system for managers, and raised the proportion of floating salaries linked to performance. The proportion of incompetent and incompetent managers in central enterprises has exceeded 6%.

While the modern enterprise system with Chinese characteristics has been continuously improved and developed, the state-owned assets supervision system has also been continuously improved in the reform.

It is understood that the State-owned Assets Supervision and Administration Commission of the State Council actively promotes the assessment of "one industry, one policy, one enterprise, one policy", and introduces the implementation plan for the targeted assessment of 25 industries. Among the assessment indicators of central enterprises in 2024, personalized indicators account for 77%, and the guidance is clearer and the incentive is more accurate.

To build an institutional system that is more compatible with the strategic mission of state-owned assets and state-owned enterprises on the new journey, we must constantly break down institutional barriers and enhance institutional competitiveness and leadership on the whole.

"This year is the end of the SOE reform and upgrading action. We will, in accordance with the requirements of the central government, strengthen the SOE scientific and technological innovation, promote the optimization and structural adjustment of the state-owned economy, improve the modern enterprise system with Chinese characteristics and market-oriented management mechanism, improve the efficiency of state-owned assets supervision and other aspects of greater efforts to ensure that the SOE reform and deepening and upgrading action is completed in high quality." State-owned Assets Supervision and Administration Commission of the State Council said.

Source: Xinhua