Since the 18th National Congress of the Communist Party of China, General Secretary AA has repeatedly stressed that we should adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public sector of the economy, and unswervingly encourage, support and guide the development of the non-public sector of the economy. The Third Plenary Session of the 20th Central Committee of the Party clearly proposed to adhere to and implement the "two unwavering", and made strategic arrangements for further deepening the reform of state-owned assets and state-owned enterprises. State-owned capital and state-owned enterprises are the important carrier and realization form of public ownership economy, and play an important role in the process of Chinese-style modernization. State-owned assets and state-owned enterprises should deeply study the important discussion of AA General Secretary on "two unwavering", bear in mind the overall development of the Party and national cause, effectively enhance the sense of mission and responsibility, focus on enhancing core functions, enhance core competitiveness, accelerate the promotion of state-owned capital and state-owned enterprises to become stronger, better and bigger, and provide strategic support for comprehensively promoting the construction of a strong country and the great cause of national rejuvenation.

First, deeply understand the significance of strengthening, improving and expanding state-owned capital and State-owned enterprises

The country is strong when the enterprise is strong, and the country is prosperous when the enterprise is prosperous. Making state capital and state-owned enterprises stronger, better and bigger concerns the consolidation of China's socialist system, the ruling position and ability of our Party, and the realization of the second centenary Goal. They have profound theoretical basis, practical basis and practical needs.

From the theoretical basis, to strengthen, improve and expand state-owned capital and state-owned enterprises is an essential requirement for upholding and developing socialism with Chinese characteristics. Since the 18th National Congress of the Communist Party of China, General Secretary AA has made important speeches and important instructions on the development and expansion of the state-owned economy on many occasions, stressing that state-owned enterprises are an important material and political foundation of socialism with Chinese characteristics, an important pillar and force for the Party to govern and rejuvenate the country, and must be stronger, better and bigger. According to the basic principles of Marxist political economy, ownership of the means of production is the core of production relations and determines the basic nature and development direction of society. China is a socialist country, and public ownership is the foundation of the socialist economic system. Upholding the dominant position of public ownership and giving play to the leading role of the state-owned economy plays a key role in improving and developing the socialist system with Chinese characteristics. This role is reflected in the capital form and the enterprise level, which is to unswervingly promote state-owned capital and state-owned enterprises to become stronger, better and bigger in the development practice. On this major issue of principle, we must always keep a clear head, maintain institutional confidence, enhance strategic focus, and consistently adhere to and implement.

On a practical basis, stronger, better and bigger state capital and state-owned enterprises have made important contributions to the development of the Party and the country. Since the 18th CPC National Congress, under the strong leadership of the CPC Central Committee with Comrade AA as the core, the reform of state-owned enterprises has continued to deepen, and the quality and efficiency of development have been continuously improved, providing strong support for China's economic and social development, scientific and technological progress, national defense construction, and improvement of people's livelihood. From the perspective of the central enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council, the total assets reached 91.4 trillion yuan by the end of 2024, 2.9 times that of the end of 2012; The added value will increase from 4.9 trillion yuan in 2012 to 10.6 trillion yuan in 2024. From 2012 to 2024, about one-seventh of the total tax revenue will be handed over to the government, and 1.2 trillion yuan will be transferred to the social security Fund. At the same time, central enterprises have effectively played a strategic supporting role, actively coordinated the implementation of major national strategies, and made every effort to ensure the supply of basic energy such as coal, electricity, oil and gas, and the operation of basic networks such as power grids, telecommunications and aviation. They have played a key role in helping poverty alleviation and rural revitalization, and responding to major natural disasters such as COVID-19, earthquakes, typhoons and floods. Practice has fully proved that in the process of the development of the cause of the Party and the country, state-owned enterprises continue to become stronger, better and bigger, highlighting their unique institutional advantages and playing an irreplaceable important role.

From the perspective of practical needs, strengthening, improving and expanding state-owned capital and state-owned enterprises is the inevitable choice to promote Chinese-style modernization. The 20th CPC National Congress drew a blueprint for comprehensively promoting China's development and national rejuvenation with Chinese-style modernization. At present, the world is undergoing profound changes unseen in a century, economic globalization is facing countercurrents, and competition among major countries is intensifying. China's development has entered a period of coexistence of strategic opportunities, risks and challenges, and increasing uncertainties and unpredictable factors, and various "black swan" and "gray rhino" incidents may occur at any time. To advance Chinese-style modernization, we face a more severe and complex situation and more arduous tasks. Most of the state-owned enterprises are in important industries and fields related to national security and the lifeline of the national economy, which is an important support for promoting the sustainable and healthy development of China's economy and society, and an important force for maintaining national strategic security. We must unswervingly promote state-owned capital and state-owned enterprises to become stronger, better and bigger, focus on the "two overall interests" and serve the "biggest of the country", firmly fulfill the strategic mission of the new journey, and effectively give full play to the role of scientific and technological innovation, industrial control, and security support, so as to provide a solid guarantee for the steady and long-term development of Chinese-style modernization.

Second, firmly grasp the connotation and practical requirements of The Times to strengthen, improve and expand state-owned capital and state-owned enterprises

It is a consistent requirement for state-owned capital and state-owned enterprises to become stronger, better and bigger, and it also has distinct characteristics of The Times and practical guidance. State-owned assets and state-owned enterprises should be guided by the AA thought on socialism with Chinese characteristics for a new era, firmly anchor the central task of the Party for a new era and a new journey, accurately grasp the rich connotation and core meaning of strengthening, improving and developing state-owned capital and state-owned enterprises, focus on the right direction, highlight the key points, and clarify the path, and strive to fully implement the decision-making and deployment of the Party Central Committee into all work.

Highlighting the major political principle of upholding and strengthening the Party's overall leadership. The General secretary of the AA has repeatedly stressed the need to adhere to and strengthen the Party's overall leadership over state-owned enterprises. State-owned enterprises are an important part of the national governance system led by the Party, and only by adhering to and strengthening the Party's overall leadership can we ensure that all work always moves in the right direction. To strengthen, improve and expand state capital and state-owned enterprises, we must integrate the Party's leadership into the whole process of all aspects of work, give full play to the Party's role of overall leadership and coordination, give full play to the role of enterprise party committees (Party groups) in guiding the direction, managing the overall situation and ensuring implementation, better pool the strength of state assets and state-owned enterprises, and actively create a sound political environment with clean and clean atmosphere. We will ensure that the decisions and arrangements of the CPC Central Committee are firmly implemented.

Highlight the fundamental requirements for enhancing core functions and enhancing core competitiveness. The 20th CPC National Congress and the Third Plenary Session of the 20th CPC Central Committee made major arrangements for state-owned enterprises to enhance their core functions and enhance their core competitiveness. This is the strategic requirements of the Party Central Committee with Comrade AA as the core from the "two overall situations" for the work of state-owned assets and state-owned enterprises, and is an important focus of strengthening, improving and expanding state-owned capital and state-owned enterprises. Enhance the core functions, require to serve the overall situation, enhance the support and guarantee ability; To enhance the core competitiveness, we need to face the market and build a unique competitive advantage. The two rely on each other and promote each other. To strengthen state capital and state-owned enterprises, we must firmly anchor this fundamental requirement, stick to the foundation of the real economy, focus on the "five values" of increasing added value, functional value, economic added value, the proportion of revenue and added value of strategic emerging industries, and brand value, and continue to strengthen the functions of strategic security, industrial leadership, national economy and people's livelihood, and public services. To achieve a high level of economic attributes, political attributes, social attributes of the organic unity.

Highlight the clear direction of cultivating and developing new quality productive forces. General Secretary AA had a profound insight into the trend of scientific and technological revolution and industrial transformation, and creatively proposed the development of new quality productive forces, which is a major leap in Marxist productivity theory. At present, global scientific and technological innovation activities have entered a period of intensive activity, and new technologies such as big data and artificial intelligence have brought profound economic and social changes. Traditional development models are not sustainable, and developing new quality productive forces is no longer an "option" but a "must". To strengthen, improve and expand state-owned capital and state-owned enterprises, we must unswervingly strive for the "new", vigorously promote the transformation and upgrading of traditional industries, actively expand new fields and new tracks, and accelerate the formation of production relations that are more compatible with the new quality productivity, so that the high-quality development of enterprises reflects more scientific and technological content, and truly build on the basis of the improvement of total factor productivity and the deformation of production functions. Strive to achieve the qualitative transition of productivity.

Highlight the important concept of deepening win-win cooperation. Both the public and non-public sectors of the economy are important components of the socialist market economy, and both state-owned enterprises and private enterprises are important forces promoting the sustained and healthy development of the national economy. The promotion of Chinese-style modernization has provided an extremely broad stage for the cooperation and development of various enterprises. To strengthen, improve and expand state-owned capital and soes, we must give full play to our own strengths and leading role, continue to develop through opening up and grow through competition, continue to deepen cooperation with enterprises of all types, encourage economic entities under all forms of ownership to have equal access to factors of production in accordance with the law and participate fairly in market competition, and accelerate the building of a sound environment featuring orderly competition, cooperation, mutual benefit and win-win results. Form a good situation of "national progress" and jointly contribute to high-quality economic development.

Highlight the bottom line thinking of overall development and security. At present, the development of soes faces many difficulties and challenges, including the impact of severe and complex external situations, as well as practical difficulties such as poor industrial structure and poor momentum. These difficulties and challenges arise in the course of reform, development, and industrial transformation and upgrading; they are partial rather than overall; they are temporary rather than long-term; and they are surmountable rather than insoluble. To strengthen state-owned capital and state-owned enterprises, we must firmly establish the concept of safe development, strengthen confidence, but also be prepared to cope with various risks and challenges, good at seizing development opportunities in a complex and volatile environment, and constantly enhance the hard power to resist risks, and promote high-quality development and high-level security.

Third, unswervingly promote state-owned capital and State-owned enterprises to become stronger, better and bigger

Making state-owned capital and state-owned enterprises stronger, better and bigger is a long-term and arduous task. The key is to implement it, take action and deliver results. State-owned assets and state-owned enterprises should continue to promote the deepening of reform, strengthen innovation, optimize the layout and other collaborative efforts, and constantly improve the overall efficiency of work.

We will strive to improve the quality and efficiency of enterprise development. We carried out special actions to improve quality and efficiency, strengthened analysis of economic performance, proactively adapted to changes in market demand, continuously increased the supply of quality products and services, stepped up efforts to expand the market to increase income and reduce costs and expenditure, and consolidated the foundation for sustained and sound development. Adhere to expanding effective investment, take high-quality preparation and implementation of the enterprise "15th Five-Year Plan" as an opportunity, focus on the attributes of science and technology, technology value, and emerging areas, promote the implementation of a number of key projects to strengthen the chain, and strive to cultivate new growth points, forming a virtuous cycle of endogenous growth. We will continue to improve the quality of listed companies held by central enterprises, support value investment, rational investment and long-term investment, and better maintain the stability of the capital market. We will adhere to high standards to fulfill our social responsibilities, actively contribute to rural revitalization, strengthen industrial support and consumer support, effectively safeguard food and important energy and resources security, do our best to respond to major natural disasters, and effectively play the role of "stabilizer" and "ballast".

We will accelerate efforts to promote self-reliance in high-level science and technology. Practice a new nationwide system, strengthen research on key core technologies, actively participate in the construction of the national laboratory system, take the initiative to undertake major national science and technology projects, further promote the construction of original technology sources, strive to break through and master more bottom-source technologies, and strengthen the supply of common technologies in the industry. Give full play to the main role of enterprise science and technology innovation, strengthen the enterprise-led deep integration of industry, university and research, implement the application and expansion project of scientific and technological achievements, promote large-scale application demonstration of new technologies, new products and new scenarios, strengthen the technical maturation, engineering amplification, reliability verification functions of the pilot test verification platform, and increase the first (set), first batch, and first edition procurement. Open up the "last mile" of achievement transformation and application. We will accelerate the improvement of the mechanism for managing and operating science and technology with scientific research as the core and with results-oriented science and technology. We will further promote projects to train scientific and technological personnel and special campaigns to raise talents. We will provide various forms of medium - and long-term incentives for scientific researchers to pursue innovation and creativity, and continue to energize enterprises to innovate and create.

We will continue to optimize the layout and adjust the structure. Further clarify the functional positioning of various types of enterprises, on the basis of in-depth study of industry situation, industry trends, and market trends, based on the comparative advantages of enterprises, and vigorously promote differentiated layout. In-depth implementation of the central enterprises industrial rejuvenation action, future industry launch action and "AI+" special action to accelerate the transformation of traditional industries, vigorously layout strategic emerging industries and future industries, and constantly improve the modernization level of the industrial system. We will fully implement the strategy of coordinated regional development and major regional strategies, combine the advantages of enterprises with the resource endowments of different regions, increase investment in strategic industries, material storage bases and infrastructure, help build a number of world-class industrial clusters, and jointly move up the industrial chain value chain. Guided by the eight actions of high-quality joint construction of the "Belt and Road", we will coordinate the promotion of major landmark projects and "small and beautiful" livelihood projects, coordinate the consolidation of cooperation in traditional areas and steadily expand cooperation in emerging areas, promote the implementation of projects at a high level, and accelerate the realization of high-quality "going to sea".

We will continue to deepen reform of state assets and state-owned enterprises. We will adhere to the direction of market-oriented reform, integrate more deeply into the high-level socialist market economy, and promote an efficient linkage between reform and development. We will further promote the implementation of the modern enterprise system with Chinese characteristics, improve the corporate governance system, accelerate the development of a scientific, rational and efficient board of directors, deepen the reform of the three systems, and fully stimulate the vitality of enterprises. Accelerate the construction of a flexible and efficient market-oriented operation mechanism, further reduce management levels, establish a rapid decision-making mechanism, explore the implementation of flat management, platform operation and other models in the field of emerging industries, and constantly improve the speed and flexibility of market response. Improve the supervision system of state-owned assets, further promote the assessment of "one industry, one policy, one enterprise, one policy", strengthen the policy support for scientific and technological innovation and industrial innovation, and promote the improvement of the supervision system, explore the promotion of intelligent and penetrating supervision, and achieve the organic unity of "live" and "manage".

Strengthen coordinated development with various enterprises. We will carry out actions to integrate industrial chains and develop common chains, give full play to the industrial advantages, resource advantages, and talent advantages of large enterprises, strengthen market-oriented cooperation with private enterprises and other enterprises by forming industrial alliances, implementing industrial co-construction, and conducting business coordination, and promote efficient production, supply, and marketing docking on a regular basis. We will promote the complementary and coordinated development of various enterprises in extending and reinforcing chains and strengthening chains. Through the establishment of high-level innovation platforms, upgrading innovation consortiums, building joint laboratories, and open sharing of innovation resources, China will strengthen cooperation with various enterprises with innovation advantages, explore mechanisms for joint investment in factors, benefit sharing, and risk sharing, and jointly accelerate joint development and iterative upgrading of new technologies and products, so as to enhance innovation strength through open sharing, collaboration and mutual promotion. Adhere to the principle of universal service, provide all kinds of enterprises with leading technology, high-quality and efficient infrastructure services, do their best to ensure the stable supply of basic energy and resources, cooperate to undertake major national projects, take the lead in solving the problem of arrears, and promote the creation of a good environment for fair competition.

High-quality Party building leads to ensure high-quality development. Strengthen the political construction of the Party, unswervingly use the Party's innovative theory to condense the heart and cast the soul, earnestly work hard to promote the implementation of the decision-making and deployment of the Party Central Committee, and effectively reflect the resolute implementation of the "two maintenance" into the actual actions and results of strengthening, improving and expanding state-owned capital and state-owned enterprises. Further strengthen the coverage of Party organizations and work coverage, coordinate the promotion of Party building at headquarters and grass-roots level, domestic and overseas, holding and participating enterprises, promote the deep integration of party building work with production and management, and better play the role of grass-roots Party organizations as bastions of fighting and the vanguard role of Party members and cadres. Tree firmly correct selection and employment guidance, choose the best and strong enterprise leadership, strengthen the positive incentive, improve the due diligence compliance exemption mechanism, vigorously promote the entrepreneurial spirit, and dare to drive enterprise leaders to dare to do, and employees dare to create. We will strengthen strict management and governance of the Party, consolidate and deepen the achievements of Party discipline learning and education, make political oversight specific, precise, and regular, continue to promote the coexistence of inspection and treatment of wind and corruption, and promote the integration of corruption that does not dare to corrupt, cannot corrupt, and does not want to corrupt, and effectively create a good political environment that enables state-owned capital and state-owned enterprises to become stronger, better, and bigger.

Source: SASAC of The State Council