(Economic Watch) Two major special actions to expand and deepen the reform of China's state-owned enterprises release a heavy signal

Beijing, 5 May (ZXS) -- As the two major special actions in the reform of China's state-owned enterprises, the "science and technology reform action" and the "double hundred action" have both been expanded recently.

The State-owned Assets Supervision and Administration Commission of the State Council of China held an on-site promotion meeting on the expansion and deepening of the two special actions on the 15th. The meeting revealed that after vigorous expansion and adjustment, the number of "science and technology reform enterprises" has expanded from 439 to 672, and the number of "double hundred enterprises" has expanded from 449 to 580. The State-owned Assets Supervision and Administration Commission of the State Council requires that in the next step, "science and technology reform enterprises" should make greater efforts to build forward-looking strategic emerging industries and dare to open up innovation special zones. "Double hundred enterprises" should focus on the main industry to promote professional integration, implement mechanism reform tasks, and improve the ability of enterprise value creation.

The "Science and Technology Reform Action" and the "Double Hundred Action" started at different times, and they also shouldered different reform missions. The "Double Hundred Action" for SOE reform was launched in 2018, with more than 2020 subsidiaries of central enterprises and more than <> local backbone state-owned enterprises taking the initiative to explore and innovate to promote comprehensive reform, creating a group of "reform soldiers". The "Science and Technology Reform Action" began in <> for state-owned science and technology enterprises, and the reform goal is to support and guide state-owned science and technology enterprises to make new breakthroughs in market-oriented reform and improving independent innovation capabilities.

At present, the new round of state-owned enterprise reform deepening and upgrading action plan is in full swing, the two major special actions announced at this time to expand and deepen, what kind of signal is released?

Zhu Changming, partner of Sunshine Law Firm and head of the research center of mixed reform and employee shareholding of state-owned enterprises, said in an interview with China News Agency on the 16th that 252 new "science and technology reform enterprises" and 173 new "double hundred enterprises" were added, and the expansion was unprecedented. He believes that this expansion will add a "new force" to the upcoming deepening and upgrading of state-owned enterprise reform.

In the past few years, the two major special operations have achieved remarkable results. The State-owned Assets Supervision and Administration Commission of the State Council revealed that the R&D investment intensity of "science and technology reform enterprises" in the past three years has exceeded 14%, and the number of effective patents has reached 11,2. In 2022, the operating income and net profit of "Double Hundred Enterprises" will increase by 2020.29% and 7.35% respectively compared with 6.

Zhu Changming believes that in the next actions to deepen and upgrade the reform of state-owned enterprises, the "science and technology reform action" and "double hundred action" are important components. This large-scale expansion has increased the number of new forces who are brave in reform, which is conducive to creating more grassroots reform models and "sharp soldiers", with "double hundred enterprises" and "science and technology reform enterprises" as the leaders can lead and drive other state-owned enterprises to deepen reform.

In addition, Zhu Changming pointed out that the two special actions were released on the same day and also released a signal, that is, the follow-up reform of state-owned enterprises will pay more attention to the linkage between scientific and technological innovation and deepening reform. In the context of promoting Chinese-style modernization, state-owned enterprises must transform development momentum and fully stimulate development momentum if they want to become the main force, which is inseparable from continuous scientific and technological innovation and comprehensive reform.

Li Jin, an expert in state-owned enterprise reform and chief researcher of the China Enterprise Research Institute, told China News Agency that according to the information previously disclosed by the State-owned Assets Supervision and Administration Commission of the State Council, the new round of state-owned enterprise reform deepening and upgrading has five key tasks. Among them, the tasks in the first and second places are: to deepen reform around enhancing industrial leadership and better promote the construction of a modern industrial system; Deepen reform around enhancing scientific and technological innovation and effectively play an important role in the new national system. The key to the construction of a modern industrial system lies in innovation, and these two reform tasks are interlinked. In addition, it is worth noting that in recent times, the State-owned Assets Supervision and Administration Commission of the State Council has frequently mentioned vigorously developing strategic emerging industries. It is also a meeting point for the deep integration of emerging technologies and emerging industries.

Li Jin believes that the expansion of the "Science and Technology Reform Action" and the "Double Hundred Action" is precisely around the specific deployment of the above two key tasks. After the expansion, these two special actions will continue to become an important starting point for the reform and development of state-owned enterprises.

Zhu Changming pointed out that in the new round of scientific and technological revolution and industrial transformation to accelerate evolution, state-owned enterprises must break the shackles of the traditional concept of "state-owned enterprise reform" and establish the concept of reform and development, coordinated integration of scientific and technological innovation. In the new round of deepening and upgrading of state-owned enterprise reform, it is necessary to strengthen the mutual support and mutual promotion of institutional reform and scientific and technological innovation, and enhance the core competitiveness of enterprises and increase core functions with the two-wheel drive of reform and innovation. Among them: "science and technology reform enterprises" should highlight the momentum of scientific and technological innovation, and strive to create a source of original technology; "Double hundred enterprises" should pay attention to the methods of mixing and promoting reform, and improve the vitality and efficiency of enterprises by improving corporate governance. (End)