Zhongxin Finance, March 13 (Shi Rui) This year, the three-year action task of state-owned enterprise reform is coming to an end.

  The government work report stated, "Complete the three-year action task of the reform of state-owned enterprises, accelerate the optimization and structural adjustment of the state-owned economy, strengthen the supervision of state-owned assets, promote the focus of state-owned enterprises on their main responsibilities, and enhance the support and driving capabilities of the industrial chain and supply chain."

  "Through the implementation of the three-year action work for the reform of state-owned enterprises, state-owned enterprises have accelerated to become market players with core competitiveness, built a modern enterprise system with Chinese characteristics and a state-owned asset supervision system with capital management as the mainstay, promoted the optimization of the layout and structural adjustment of the state-owned economy, and promoted marketization. The management mechanism will promote the vitality and efficiency of state-owned enterprises in terms of labor, personnel and distribution."

  Zhongxin Finance and the School of Economics and Management of Tsinghua University jointly launched the "Two Sessions Economic Observation". Xue Jian, deputy dean and professor of the School of Economics and Management of Tsinghua University, explained the goal of the three-year action of state-owned enterprise reform in an exclusive interview with the "China New Observation" column of Chinanews.com.

Xue Jian, associate dean and professor of the School of Economics and Management of Tsinghua University.

Photo courtesy of Tsinghua University School of Economics and Management

The three-year action solves the problems that the previous reforms were not in place and thorough.

  In recent years, the reform of state-owned enterprises has been carried out frequently: for the first time, the functions of central enterprises have been defined and classified, the company system reform of central enterprises has been fully completed, the pilot reform of state-owned capital investment and operation companies has been promoted, and a series of measures such as “regional comprehensive reform experiments” have been carried out.

In 2020, the reform of state-owned enterprises will be upgraded again, and the "Three-Year Action Plan for the Reform of State-owned Enterprises (2020-2022)" will be reviewed and approved.

  Regarding the significance of the three-year action for the reform of state-owned enterprises, Xue Jian said that since the Third Plenary Session of the 18th CPC Central Committee, the reform of state-owned enterprises has made great achievements, but the vitality of some enterprises needs to be improved, the efficiency of enterprises needs to be increased, and the core competitiveness needs to be enhanced ; Some enterprises still have major shortcomings in independent innovation, lack of innovation incentives for scientific and technological personnel, the level of marketization and transformation of scientific and technological achievements needs to be improved, and the problem of key core technologies being controlled by people is still more prominent, and the role in stabilizing the supply chain of the industrial chain is not enough. ; Some enterprises still have disordered scale expansion, unreasonable layout structure, and low-level repeated construction.

  "The three-year action for the reform of state-owned enterprises is a specific construction plan for implementing the "1+N" policy system and top-level design of the reform of state-owned enterprises. Deepening reforms that still exist in the reform, and doing a good job in this work is of great significance to strengthening, optimizing and expanding the state-owned economy, enhancing the vitality and efficiency of state-owned enterprises, and accelerating the construction of a new development pattern. " she says.

Reform is not only about mixing property rights, but also changing the mechanism

  According to data from the State-owned Assets Supervision and Administration Commission, by the end of 2021, the three-year reform of state-owned enterprises has completed 70% of the overall task.

Xue Jian proposed that 2022 will be the final year of the three-year action for the reform of state-owned enterprises. With the implementation of the action plan, the comprehensive efficiency of the reform of state-owned enterprises will be further improved, and some shortcomings and weaknesses will be effectively solved. The governance system will be more mature and finalized, and the competitiveness, innovation, control, influence, and anti-risk capabilities of the state-owned economy will be further strengthened.

  In response to the mixed ownership reform of state-owned enterprises that has attracted much attention, Xue Jian believes that the reform is not only about mixing property rights and changing the mechanism, but focusing on promoting the optimal governance and mechanism transformation of mixed-ownership reform enterprises; at the same time, promoting the reform of the market-oriented operation mechanism and realizing the management of state-owned enterprises Personnel can go up and down, employees can enter and exit, and income can be increased or decreased, and the tenure system and contracting of state-owned enterprise managers will be promoted.

  In addition, she also emphasized the importance of improving the modern enterprise system with Chinese characteristics, and suggested defining the list of major business management matters discussed by the party committee (party group) beforehand, and clarifying the boundaries of various governance entities.

For group companies and subsidiaries of different levels and types, the key content of the pre-research can be different according to the actual situation. Do not "one size fits all", strengthen the construction of the board of directors, implement the powers of the board of directors, and ensure that the managers exercise their powers and perform their duties in accordance with the law.

  Faced with the complex and severe situation, state-owned enterprises should not only focus on their own operations, but also give full play to the role of "ballast stone" and "stabilizer" in economic operation.

Xue Jian suggested to promote state-owned enterprises to play an important role in stabilizing, increasing, strengthening and supplementing the chain, and more emphasis on public services, the lifeline of the national economy and the cultivation of strategic emerging industries.

At the same time, give play to the important role of state-owned enterprises in leading innovation, and strengthen the guiding role of innovation assessment and incentives.

Implement supporting policies such as increasing the intensity of R&D investment and increasing the effective incentives for R&D personnel, and use innovation as a breakthrough to stimulate the vitality of enterprises.

(over)