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Key Tasks in the Three-Year Action of State-Owned Enterprise Reform

2024-05-14

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Key Tasks in the Three-Year Action of State-Owned Enterprise Reform

On June 30, 2020, General Secretary Xi Jinping presided over the fourteenth meeting of the Central Deep Reform Commission, and reviewed and approved the ''Three-year Action Plan for State-owned Enterprise Reform (2020-2022) ''. The programmatic document for the reform is a specific" construction drawing "for implementing the top-level design of the reform, mainly focusing on the following key tasks.

 Adhere to the "Two Consistency" and Accelerate the Improvement of Modern Enterprise System with Chinese Characteristics

Give full play to the leadership role of the enterprise party committee (party group) in directing, managing the overall situation, and promoting implementation, and integrate the party's leadership into all aspects of corporate governance to achieve institutionalization, standardization, and proceduralization.

Give full play to the important role of the board of directors in setting strategies, making decisions and preventing risks, so as to realize that the board of directors should be built up and strong.

Give full play to the positive role of managers in planning, implementing and strengthening management, and comprehensively establish a management system authorized by the board of directors to managers.

Consolidate the foundation of the modern enterprise system with Chinese characteristics, vigorously promote the modernization of the management system and management capabilities of state-owned enterprises, improve system execution, and carry out benchmarking actions to improve the management of world-class enterprises.

Focus on the optimization of the layout and structural adjustment of the state-owned economy and improve the efficiency of resource allocation.

We will adhere to the strategy of better serving the country, further focus on functions such as strategic security, industrial leadership, national economy and people's livelihood, and public services, adjust the stock structure, optimize incremental investment, and give full play to the important role of state-owned enterprises in solving the problem of unbalanced and inadequate development.

Actively promote the concentration of state-owned capital in important industries and key areas related to national security and the lifeline of the national economy, in important industries and key areas related to the national economy and people's livelihood, such as the provision of public services, emergency capacity building and public welfare, and in forward-looking strategic emerging industries, We will speed up the divestiture of non-main businesses and non-advantageous businesses that do not have competitive advantages and lack development potential, and do a good job of disposal of ineffective assets.

Closely focus on accelerating the self-reliance of science and technology, and give full play to the important role of state-owned enterprises in building a new national system for tackling key core technologies.

In the process of fighting the new coronary pneumonia epidemic, state-owned enterprises have been motivated to shoulder the heavy burden, taking the initiative to serve the overall situation of national epidemic prevention, and stepping forward and fulfilling their mission when the Party and the people need it most. The picture shows that on January 26, 2020, the construction personnel of the China Construction Third Bureau at the construction site of Wuhan Huoshenshan Hospital burned the midnight oil and carried out 24-hour uninterrupted operations. Photo courted by the State-owned Assets Supervision and Administration Commission of the State Council Deng Hongwu/Photograph

Actively and steadily deepen the reform of mixed ownership and promote the complementary advantages and common development of various types of capital.

We should grasp the direction of mixed ownership reform, adhere to the implementation of policies according to local, industry and enterprise, and actively and steadily deepen the reform of mixed ownership in accordance with the requirements of improving governance, strengthening incentives, highlighting the main business and improving efficiency.

We will focus on promoting the reform of mixed ownership of state-owned capital investment, enterprises funded by operating companies and commercial first-class sub-enterprises, steadily promote the reform of mixed ownership of commercial second-class sub-enterprises, and standardize and orderly promote the diversification of qualified public welfare enterprises.

Strengthen the supervision of the whole process of mixed reform, and effectively prevent the loss of state-owned assets.

Continuously improve the market-oriented management mechanism and fully stimulate the vitality of enterprises

Deepen the reform of the three systems within the enterprise, improve core competitiveness, continuously release development vitality, and create greater economic value.

Actively promote the tenure system and contractual management of managers, promote the ability of managers to go up and down, fully implement the tenure management of managers, and accelerate the implementation of the professional manager system.

We will comprehensively promote the marketization of employment and promote the ability of employees to enter and exit. We will improve the mechanism by which performance determines the distribution of remuneration, promote the increase and decrease of income, and promote the distribution of remuneration to the talents who have made outstanding contributions and the key jobs in the front line.

Support more state-owned enterprises to use medium and long-term incentive policies such as equity incentives for state-controlled listed companies, equity incentives for state-owned technology-based enterprises and dividend incentives to fully stimulate the enthusiasm and creativity of key employees to start their own businesses.

Improve the state-owned assets supervision system based on capital management and improve the efficiency of state-owned assets supervision.

We will further promote the transformation of the functions of state-owned regulatory agencies, focusing on managing capital layout, regulating capital operation, improving capital returns and maintaining capital security.

Optimize the ways and means of capital management, fully implement the management of the list of rights and responsibilities, carry out in-depth classification and delegation of powers, strengthen supervision during and after the event, effectively promote the deep integration of information technology and supervision business, and comprehensively build a real-time online supervision system for state-owned enterprises nationwide.

Deepen the reform of state-owned capital investment and operating companies. Improve the assessment and evaluation system and deepen the differentiated classification assessment.

Improve a coordinated and efficient supervision mechanism, promote the overall integration of investor supervision and discipline inspection and supervision, inspection supervision, audit supervision, and social supervision, establish and improve the internal supervision system of enterprises, and comprehensively establish accountability work covering state-owned regulatory agencies at all levels and state-owned enterprises System and working mechanism.

We will steadily promote the centralized and unified supervision of operational state-owned assets of central party and government organs and institutions, and complete the centralized and unified supervision of local operational state-owned assets.

Actively promote the fair participation of state-owned enterprises in market competition and optimize the business environment

Strengthen the status of state-owned enterprises as market players, and create a market environment in which various ownership entities use resource elements equally in accordance with the law, participate in competition in an open, fair and just manner, and are equally protected by law.

To promote the transformation of government functions, government departments will no longer examine and approve matters that can be effectively regulated by market mechanisms, replaced by social organizations, and enterprises can decide independently within the scope of the law.

We will further improve the fair competition system and strengthen and improve anti-monopoly and anti-unfair competition law enforcement.

Deepen the reform of natural monopoly industries, liberalize competitive businesses in key industries and fields such as power grids, telecommunications, railways, oil, and natural gas, and further introduce market competition mechanisms.

The implementation of classification accounting and classification assessment, commercial enterprises in the public welfare business, according to different categories of business classification accounting for the corresponding income and cost.

Standardize the compensation mechanism and establish a sound subsidy system in line with international practice.

Do a good job in the special project of state-owned enterprise reform, and actively play the role of demonstration and guidance.

Enterprises included in the demonstration project should put pressure on themselves and take the initiative to take the lead in realizing the tasks specified in the three-year reform of state-owned enterprises.

Actively carry out the "Special Action for 100 Science and Technology Enterprises to Deepen Market-oriented Reform and Enhance Independent Innovation Capability", focusing on making innovative breakthroughs in improving corporate governance, market-oriented selection and employment, strengthening incentives and constraints, and stimulating technological innovation momentum.

Dynamically adjust and enrich the list of "double hundred enterprises", maintain "a pool of running water", and promote more enterprises to formulate and implement personalized and differentiated comprehensive reform plans.

On the basis of in-depth promotion of comprehensive reform experiments in Shanghai, Shenzhen, and Shenyang, and in conjunction with the implementation of major national regional strategies, Qingdao, Xi'an, Wuhan, Hangzhou and other places will be included in the scope of comprehensive reform experiments.

Deepen the reform of state-owned enterprises in the northeast region, and intensify efforts to promote the reform of state-owned enterprises in the northeast region to implement a number of measures.

Deepen the world-class enterprises to create demonstration projects.

Strengthening the Party's leadership and Party building to provide a fundamental guarantee for the reform and development of state-owned enterprises

Always put the strengthening of the party's political construction in state-owned enterprises in the first place, establish and improve the first topic system for studying and implementing the spirit of General Secretary Xi Jinping's important speech and important instructions, improve the mechanism for implementing the major decisions and deployments of the Party Central Committee, and improve state-owned enterprises to firmly maintain the Party Central Committee Various systems of authority and centralized and unified leadership.

Firmly grasp the "bull nose" of the party building responsibility system, strive to promote the deep integration of party building work and production and operation, and actively promote the effective linkage of the party building responsibility system and the production and operation responsibility system.

We should actively cultivate a team of high-quality and professional entrepreneurs, adhere to the standards of leaders of state-owned enterprises of "loyalty to the party, courage to innovate, good governance, promising enterprises, and honest and clean", and establish and improve the management mechanism of leaders of state-owned enterprises that is different from the leading cadres of the party and government and in line with the laws of market economy and the growth of entrepreneurs.

Implement the "three distinctions" requirement, insist on a clear distinction between public and private, clarify merits and demerits, and develop a list of due diligence and compliance exemptions.

Continue to promote the comprehensive and strict governance of the party, improve and implement the comprehensive and strict governance of the party responsibility system, continue to increase the anti-corruption efforts of state-owned enterprises, and accelerate the construction of an integrated system and mechanism that dare not, cannot, and do not want to be corrupt.

Article source: Qiushi net

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