The Zhitong Finance App learned that on September 28, the State Information Office held a press conference on implementing the “15th Five-Year Plan” and promoting the high-quality development of central enterprises. Wang Shaofei, director of the Financial Supervision and Operation Evaluation Bureau of the State Council's State-owned Assets Administration Commission, said at a press conference that in January-August, central enterprises achieved a total added value of 7.2 trillion yuan and a total profit of 1.8 trillion yuan. By the end of August, the total assets of central enterprises reached 99.3 trillion yuan, an increase of 4.2% over the previous year, and is expected to reach a new level by the end of this year. Meanwhile, in January-August, the R&D investment intensity of central enterprises increased by 0.1 percentage points year on year. The scale of R&D investment reached 591.23 billion yuan, an increase of 2.7% over the previous year, and is expected to exceed 1 trillion yuan for the whole year. This is also the fifth year in a row that central enterprises have invested more than trillion yuan in R&D. Meanwhile, in the first eight months of this year, central enterprises invested 1.2 trillion yuan in strategic emerging industries.
Wang Shaofei mentioned that in the next step, the State Council's State-owned Assets Administration Commission will push central enterprises to further strengthen their underpinning role in service guarantee and improving people's livelihood, and strive to achieve better work results based on their main business. The first is to strengthen emergency rescue capabilities more quickly. Continue to build and make good use of a comprehensive emergency rescue platform for central enterprises, build and strengthen a specialized strategic emergency rescue team with China Energy as the main focus, and make every effort to ensure the safety of people's lives and property in major disaster rescue. The second is to better implement the task of securing supply and stabilizing the market. Continue to improve the long-term mechanism for electricity insurance and supply, and take the lead in promoting the implementation of the General Cooperation Agreement and electricity and coal reserves. Take good care of the production, distribution, and storage of energy resource products, and stabilize market supply of oil and gas, mineral resources, important chemicals, and food. The third is to share more of the company's development achievements. Firmly do a good job of normalizing assistance, counterpart support, etc., run the “Consumer Assistance for Central Enterprises” series of activities, and play a good role as a cultural tourism support platform for “Homecoming” central enterprises. Fourth, better promote green and low-carbon development, promote central enterprises in high-energy and high-emission industries to accelerate green transformation, deepen demonstration applications of advanced green technology, raise the level of green development, and contribute more to the construction of a beautiful China.
The original text is as follows:
The State Information Office held a press conference on implementing the “15th Five-Year Plan” and promoting the high-quality development of central enterprises
Jia Huili, Deputy Director of the Information Bureau of the Information Office of the State Council and press spokesman:
Good afternoon, ladies and gentlemen! Welcome to the press conference of the Information Office of the State Council. Today, we will continue to hold a series of press conferences on the theme of “Getting Started with the 15th Five-Year Plan” series. We invited Mr. Pang Xiaogang, press spokesperson and deputy director of the State Council's State-owned Assets Supervision and Administration Commission, to introduce “the situation relating to the implementation of the 15th Five-Year Plan to promote high-quality development of central enterprises” and answer everyone's concerns. Also attending today's press conference were Mr. Dai Xi, Director of the Planning and Development Bureau of the State Council's State-owned Assets Supervision and Administration Commission; Mr. Wang Shaofei, press spokesperson and director of the Financial Supervision and Operation Evaluation Bureau; and Mr. Zhang Jianlong, director of the Science and Technology Innovation Bureau.
Next, let's first ask Mr. Pang Xiaogang to give an introduction.
Pang Xiaogang, press spokesperson and deputy director of the State Council's State-owned Assets Supervision and Administration Commission:
Thank you to the host. Good afternoon to all media friends! Thank you very much for your long-term concern and support for the work of state-owned central enterprises. I am also very happy to communicate with you about the work of state-owned central enterprises during the “15th Five-Year Plan” period.
The Party Central Committee, with Comrade Xi Jinping at the core, has always attached great importance to the work of state-owned central enterprises. Since the 18th National Congress of the Party, General Secretary Xi Jinping has delivered a series of important speeches and issued a series of important instructions, pointing out the direction and providing fundamental guidelines for us to do a good job in state-owned central enterprises. Under the strong leadership of the Party Central Committee, during the “14th Five-Year Plan” period, state-owned central enterprises achieved positive progress and obvious results in various tasks. High-quality development took solid steps, scientific and technological innovation made great strides, reforms in key areas continued to advance in depth, and the cultivation of new quality productivity gradually gained momentum. While achieving their own development from new to superior and better, they also made positive contributions to the overall work of the Party and the country.
The “15th Five-Year Plan” period is a critical period for basic socialist modernization to consolidate the foundation and develop comprehensively. It is also an important stage for state-owned central enterprises to take on new missions and achieve new development. We will thoroughly study and implement the spirit of General Secretary Xi Jinping's important speech and instructions, with the theme of promoting high-quality development, focusing on cultivating and developing new productivity, reform and innovation as the fundamental driving force, comprehensively and strictly governing the Party as the fundamental guarantee, unswervingly strengthening, improving and expanding state-owned enterprises and state-owned capital, effectively enhancing core functions, enhancing core competitiveness, and contributing more strength to the Chinese-style modernization drive. The focus will be on five areas:
The first is to focus on enhancing strategic functions to better shoulder the major missions and responsibilities in the new journey. Central enterprises are the country's heavy equipment, and the focus of development must be on serving the “big people of the country.” During the “15th Five-Year Plan” period, we will guide and push central enterprises to strengthen the interface with the national strategic plan, build on the real economy, focus on their main business, adhere to enterprise conditions, further optimize the layout structure of the state-owned economy, increase investment in important industries and key areas, promote the upgrading of traditional industries and the development of emerging industries in an integrated manner, continue to expand and strengthen advanced manufacturing, accelerate the construction of a modern industrial system, and continuously enhance strategic support capabilities.
The second is to focus on improving the quality and efficiency of development to better play the role of the backbone and pillar of the national economy. High-quality development is the hard principle of the new era, and it is a clear guide for the development of central enterprises. During the “15th Five-Year Plan” period, we will adhere to the complete, accurate and comprehensive implementation of the new development concept, place the foundation of development on improving the ability to create value, promote steady progress in the operating efficiency of central enterprises, continuous improvement in development quality, and a solid safety foundation, make new progress in becoming stronger, better and larger, and continuously consolidate the foundation for the development of the national economy.
The third is to focus on strengthening scientific and technological innovation to better forge the country's strategic scientific and technological strength. Currently, a new round of scientific and technological revolution and industrial transformation is evolving in depth. Technological strength and innovation ability have become the country's core competitiveness, and they are also the winners and losers that determine the competitive advantage of enterprises. During the “15th Five-Year Plan” period, we will thoroughly implement a new national system, guide and promote central enterprises to give full play to the main role in scientific and technological innovation, take the initiative to undertake a number of major national and iconic scientific and technological tasks, continuously enhance the supply capacity of forward-looking leading technologies, key core technologies and common technology, better lead the cultivation and growth of new quality productivity, and promote self-reliance and self-improvement at a high level of science and technology.
Fourth, focus on promoting reform and empowerment to better stimulate the vitality and motivation for high-quality enterprise development. Further deepening the reform of state-owned state-owned enterprises is a major global and strategic arrangement made by the Party Central Committee for state-owned state-owned enterprises, focusing on the overall situation of Chinese-style modernization. During the “15th Five-Year Plan” period, we will use in-depth implementation of a new round of reforms, focus on solving common problems, bottlenecks, and deep-seated problems that limit enterprise development, pay close attention to the implementation and effectiveness of various reform initiatives, solidly push forward the construction of a modern enterprise system with Chinese characteristics, continue to improve management and supervision systems, and seek motivation and vitality for reforms from a higher starting point.
Fifth, focus on strengthening the Party's leadership and party building to better play the leading and safeguarding role of high-quality party building. The National State-owned Enterprise Party Building Conference held in October 2016 was a landmark in the history of state-owned enterprises. This year marks the 10th anniversary of the National State-owned Enterprise Party Building Conference. We will use this as an opportunity to thoroughly study and understand Xi Jinping's party building ideology, deepen the implementation of the spirit of the National State-owned Enterprise Party Building Conference, uphold and strengthen the Party's overall leadership throughout the work process and all aspects of state-owned central enterprises, further strengthen enterprise cadre and talent team building, improve the quality of party building work at all levels and fields in an integrated manner, and continue to deepen the construction of a clean party style and government and the fight against corruption.
In short, we will seize this five-year period, work together to overcome difficulties, and make every effort to do a good job in the reform and development of state-owned central enterprises and party building, promote the development of central enterprises with higher quality, better structure, more power, and stronger functions, and provide solid and strong support for the full completion of the country's “15th Five-Year Plan” tasks.
I'll introduce these first, thank you!
Jia Huili:
OK, thanks to Deputy Director Pang Xiaogang for the introduction. Please ask your questions below. Please inform your news agency before asking questions.
CCTV reporter at the general station:
Central enterprises play a backbone and pillar role in the national economy, and the “15th Five-Year Plan” has attracted public attention. Excuse me, what are the key considerations and arrangements for planning? How is it progressing so far?
Pang Xiaogang:
Thank you for your question. The preparation of the “15th Five-Year Plan” for central enterprise development is one of the “highlights” of the work of state-owned central enterprises this year. In the preparation process, we adhere to Xi Jinping's ideology of socialism with Chinese characteristics in the new era as our guide, resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, actively target the outline of the country's “15th Five-Year Plan”, and actively undertake major strategic tasks and major projects. At the same time, we insist on “open doors to plan”, carry out 33 related major projects, jointly study the development layout and direction of central enterprises over the next five years, listen widely to suggestions from central enterprises and experts and scholars in various fields, and also publicly solicit opinions from the whole community to ensure that central enterprise plans resonate with national strategies on the same frequency, reflect the concerns of all parties, and lead enterprise development.
At present, the plan has been officially published, and the main features can be summarized as “four highlights”:
The first is to highlight systematic planning, and the overall synergy of planning is even more prominent. The plan adheres to a systematic concept, comprehensively plans the development goals, directions, paths and initiatives of central enterprises during the “15th Five-Year Plan” period, deploys key tasks such as industrial development, scientific and technological innovation, regional layout, multinational management, corporate governance, and state-owned assets supervision by field, respects the status of enterprises, strengthens policy coordination and guarantee support, and promotes central enterprises to enhance their core functions and enhance their core competitiveness in an integrated manner.
The second is to highlight value creation, and the direction for high-quality development is more obvious. The plan adheres to goal guidance, making it clear that by 2030, central enterprises will create greater value for the high-quality development of the national economy; set quantitative indicators to promote value creation as the core driving force for enterprise development around the five aspects of added value, functional value added, economic value added, and brand value; in particular, highlight value added, weaken large-scale indicators such as operating income, and guide enterprises to effectively shift their focus to high-quality development and increase their contribution to national economic and social development.
The third is to highlight industry leadership, and the direction of layout optimization and structural adjustment is more clear. The plan is based on functional positioning, focuses on developing the real economy, adheres to adapting to enterprise conditions and coordinating policies, and pushes central enterprises to speed up the construction of a modern industrial system. Specifically, there are several aspects: in areas relating to national security and the lifeblood of the national economy, more emphasis is placed on “strengthening the foundation.” The plan is clear. It is necessary to play a greater role in fields such as defense equipment manufacturing, energy resource production and supply, and key infrastructure construction, etc., to guide enterprises to pay more attention to industrial safety and industrial resilience, actively connect with international rules, put forward more Chinese standards and Chinese plans, and further enhance state-owned economic security support capabilities. In forward-looking strategic emerging industries, more emphasis is placed on “capacity expansion and quality improvement”. According to the plan, by 2030, the share of value added in strategic emerging industries of central enterprises will increase by another 5 percentage points, further strengthen basic support such as industrial software and key components, take the lead in promoting artificial intelligence to empower thousands of industries, innovate and develop service-oriented manufacturing, and focus on building emerging pillar industries. In the field of public services, more attention is being paid to “support and guarantee”. The plan requires that the construction of the “six networks” be steadily promoted, investment in public service fields such as productive services, lifestyle services, and emergency industries should be increased to better meet the growing needs of the people for a better life.
Fourth, focus on implementation, and strengthen the rigid constraints of the plan. Good planning also requires strong execution. While preparing the plan, we have built an industry-level penetrating regulatory information system, selected 80 physical volume indicators for key industries, proposed the “Central Enterprise New Momentum Action Plan”, clarified 106 industrial development actions, explored the establishment of a major project bank, effectively transformed the plan into a quantifiable and implementable task schedule, and opened up the entire “planning-planning-project-evaluation” chain to form a closed-loop promotion mechanism to better guarantee the implementation of the plan.
Thank you.
21st Century Economic Report Reporter:
This year marks the beginning of the “15th Five-Year Plan”. State-owned central enterprises are seizing the opportunity and striving to achieve a good start. Excuse me, how has the economy of central enterprises performed since this year? How will we ensure full completion of the annual tasks next? Thank you.
Pang Xiaogang:
Thank you for your question. As you said, this year is the beginning of the “15th Five-Year Plan”. Doing a good job in all aspects, especially the operation of the economy, is of great significance in boosting social confidence and achieving a good start. Since the beginning of the year, the State Council's State-owned Assets Administration Commission and central enterprises have focused on steady growth and launched a series of practical and powerful measures. Judging from the current situation, the overall results have been good, and it has also laid a good foundation for achieving the goals throughout the year. Please give an introduction to the details, Director Shaofei.
Wang Shaofei, press spokesperson of the State Council's State-owned Assets Supervision and Administration Commission and director of the Financial Supervision and Operation Evaluation Bureau:
Thanks for the question. Since this year, in the face of the challenges brought about by the complex environment at home and abroad, state-owned central enterprises have resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council to solidly promote steady growth. At present, development resilience continues to increase, the quality of development continues to improve, and the overall operation of the economy has shown a steady and progressive trend, creating favorable conditions for the “15th Five-Year Plan” to start off well and get off to a good start. Summarizing this progress, it can be viewed from four aspects:
First, growth with value creation and economic benefits has been achieved. From January to August, central enterprises achieved cumulative value added of 7.2 trillion yuan and achieved total profit of 1.8 trillion yuan, all of which maintained positive growth. By the end of August, the total assets of central enterprises reached 99.3 trillion yuan, an increase of 4.2% over the previous year, and is expected to reach a new level by the end of this year. Second, operations with efficient progress and cash inflows have been achieved. From January to August of this year, the profit margin on operating income of central enterprises increased 0.2 percentage points year on year to 7.5%, and the operating return rate increased by 3 percentage points; net operating cash flow reached 2.2 trillion yuan, an increase of 22.1% year on year. Over the years, we have promoted enterprises to focus on their main business, vigorously reduce low-margin trade operations, squeeze out revenue, and increase the “gold content” of operations. Third, it continued the layout with kinetic savings and strategic patience. From January to August, the R&D investment intensity of central enterprises increased by 0.1 percentage points year on year. The scale of R&D investment reached 591.23 billion yuan, an increase of 2.7% over the previous year. It is expected to exceed 1 trillion yuan for the whole year. This is also the 5th year in a row that central enterprises have invested more than trillion yuan in R&D. Meanwhile, in the first eight months of this year, central enterprises invested 1.2 trillion yuan in strategic emerging industries. We have always believed that long-term growth depends on continued structural changes. Maintaining a high level of investment in strategic high-tech fields will surely strongly promote such structural changes. The fourth point is that development with social contribution and functional value has been achieved. From January to August of this year, the total amount of taxes paid by central enterprises was nearly 1.8 trillion yuan, an increase of 4.4% over the previous year. This figure is basically the same as total profit. Completed fixed asset investment of 2.8 trillion yuan, an increase of 1.4% over the previous year. In particular, in terms of supporting the smooth operation of the entire society and economy, many central enterprises have shown responsibility in stabilizing production and supply, and stabilizing prices and concessions.
Looking at it now, the complexity of the external environment will continue, and it will also have a changing impact on market sentiment, market expectations, and even market prices. The development logic of many traditional domestic industries is also undergoing some profound changes. Since state-owned central enterprises have chosen to focus on core functions and focus on the main industry, we are also willing and motivated to bear the cyclical fluctuations faced by the main industry. The State Council's State-owned Assets Administration Commission and central enterprises are still full of confidence in completing the production and operation goals for the whole year. The key for the fourth quarter is to get to the end the measures that were planned at the beginning of the year and were effective. The first is to further improve the quality and efficiency of operations. According to budget assessment goals, consolidate the responsibilities of business owners, focus on external markets and internal costs, and continuously improve the quality and efficiency of economic operation. The second is to further optimize the asset structure. The focus is still on using reforms to solve some of the stock problems that constrain high-quality development. For example, further promote “three cuts and two upgrades” to reduce the number and hierarchy of legal entities, reduce the number and amount of losses of loss-making subsidiaries, reduce non-main businesses and unprofitable equity participation, enhance group control, and improve resource allocation efficiency. The third is to further lead the self-regulatory development of the industry. Correct the “internal rolling” competition behavior of some central enterprises, and encourage upstream and downstream enterprises in the industrial chain to jointly maintain a fair and orderly competitive market environment. Fourth, further secure the bottom line of safe development, accurately control the total amount of corporate debt and debt structure, manage cash flow well, effectively deal with all types of domestic and foreign investment and operation risks, and firmly adhere to the bottom line where no major risks occur.
We hope to help the national economy continue to develop steadily and move towards excellence by promoting central enterprises to fully complete their goals and tasks throughout the year. Thank you all!
Top News Reporter:
This year, the State Council's State-owned Assets Administration Commission launched the “Scenario Vientiane” special operation for central enterprises to drive collaborative innovation and development of the industrial chain through open scenarios. What are the considerations and arrangements during the “15th Five-Year Plan” period to promote the development and opening up of scenarios to achieve more results? Thank you.
Pang Xiaogang:
Thank you for your interest in the central enterprise's “Scenario Vientiane” initiative. “Technology should mature in actual combat, and resources should be pooled in openness.” In actual work, we increasingly feel the extreme importance of the scene in opening up the innovation chain and integrating industrial resources. This is also the original purpose of carrying out the “Scenario Vientiane” campaign. I hope everyone can help central enterprises strengthen publicity, expand their influence, and attract more business entities to participate in this action. Please let Director Dai Xi introduce the details to everyone.
Dai Xi, Director of the Planning and Development Bureau of the State Council's State-owned Assets Supervision and Administration Commission:
Thank you. In July of this year, the State Council's State-owned Assets Administration Commission held a promotion meeting and officially launched the “Scenario Vientiane” special operation. Deputy Director Pang Xiaogang just gave a very detailed introduction to why this special operation was launched in the year the “15th Five-Year Plan” begins. I would like to simply answer with “three proper meanings.”
The first is the proper meaning of implementing a national strategic deployment. The Fourth Plenary Session of the 20th CPC Central Committee made special arrangements for cultivating and opening up scenarios, and the “15th Five-Year Plan” and this year's government work report also made special arrangements for this work. Combining the preparation of the “15th Five-Year Plan” for the development of central enterprises, we have incorporated scenario cultivation and openness into plans, tasks, and overall promotion. This is a powerful measure to implement the decisions and deployments of the Party Central Committee and the State Council.
At the same time, this is the proper meaning of promoting industrial transformation and upgrading. Scenario is a bridge connecting technology and industry, and penetrating R&D and markets. It accelerates the cultivation and opening of scenarios, helps promote the transformation of central enterprises' scenario resources into innovative resources and industrial resources, opens up the whole chain of technological breakthroughs, scenario verification, industrial application and system upgrades, and supports the development and growth of new quality productivity.
At the same time, this is the proper meaning of achieving integrated enterprise development. In recent years, central enterprises have thoroughly implemented the “Common Chain” initiative to integrate and develop the industrial chain. A total of 58 events have been held, and more than 22,000 supply and demand lists have been released, involving an amount of 1.2 trillion yuan, driving nearly 24,000 enterprises of various types. Accelerating the cultivation and opening up of scenarios is an important way to further deepen the “common chain” action. It helps to consolidate the achievements of external empowerment, give better play to the leading and driving role of central enterprises, and promote the common development of various types of enterprises.
In the next step, we want to work with all sectors of society to achieve more results in scene cultivation and openness, focusing on the “three degrees”.
The first is to expand the “breadth” of openness. Establish a central enterprise scenario library, use the first batch of ten iconic scenarios as the lead, release them in batches, manage them dynamically, and be fully developed. Give full play to the leading role of major projects, support enterprises to accelerate the shift from “point opening” to “full chain opening”, and improve the supply quality of scenario resources.
The second is to improve the “accuracy” of docking. Upgrade the “Scenario Zone” of the Open Source and Renewal Community of State-owned Central Enterprises to create an all-weather, normalized online supply and demand docking platform. Organize offline matchmaking activities such as industry communities and “common chain” activities on a regular basis, so that all parties in industry, academia, research and use can find entrances, enter scenarios, and receive feedback.
The third is to explore the “depth” of collaboration. Guide and promote in-depth collaboration between central enterprises and private enterprises, universities, and innovation teams to answer the same questions and put into practice “central enterprises come up with scenarios, society comes up with plans, and cooperation produces results”. Deeply integrate into national and regional scene innovation platforms, and strive to build an open scene ecosystem with enterprise-local linkage, cross-domain collaboration, and win-win cooperation. Thank you.
Upstream News Reporter:
Reforms can only be carried out; they are not completed. What is the overall framework and key direction for further deepening the reform of state-owned enterprises under the new situation? What are the highlights and changes? Thank you.
Pang Xiaogang:
Thank you for your interest in the reform of state-owned state-owned enterprises. Further deepening the reform of state-owned enterprises is a major strategic plan made by the Party Central Committee, with Comrade Xi Jinping at the core, as the Chinese modernization drive enters a critical period of solid foundation and comprehensive strength. We will thoroughly study and implement the spirit of General Secretary Xi Jinping's important remarks on the reform and development of state-owned enterprises, uphold and strengthen the Party's overall leadership of state-owned enterprises, adhere to and implement “two unwavering”, focus on breaking down deep-seated institutional barriers and outstanding problems that constrain enterprise development, continue to push state-owned enterprises and state-owned capital to become stronger, better and larger, continuously enhance core functions, and enhance core competitiveness.
In terms of the deployment of target tasks, this round of state-owned state-owned enterprise reform not only follows some characteristics of previous reforms, but also has distinct characteristics of the times. For example, give more prominence to strategic leadership and make systematic arrangements for state-owned enterprises to better serve the development of the cause of the Party and the country; for example, with more prominence in problem orientation, all measures are formulated to solve outstanding common problems existing in state-owned enterprises; for example, putting more emphasis on precise policies, not “one-size-fits-all,” but instead insisting on hierarchical classification, adapting to enterprise conditions, and proposing differentiated and targeted measures; for example, place more emphasis on integrated development and safety, and the principles of maintaining safety and keeping the bottom line throughout the reform process.
In this round of reform, we will focus on six areas of tasks:
The first is to promote the optimization of the layout and structural adjustment of the state-owned economy. At the macro level, strengthen the link with the national strategic plan, accelerate the establishment and improvement of a national economic layout optimization and structural adjustment guidance system; at the meso level, adjust the industrial structure in a hierarchical manner to promote the transformation of traditional industries and the development of emerging industries in an integrated manner; at the micro level, improve key business management, carry out strategic restructuring and specialized integration, and promote the revitalization of idle assets and the disposal of inefficient and ineffective assets. Through the systematic integration of these measures, the concentration of state-owned capital in important industries and key areas relating to national security and the lifeblood of the national economy, concentration in public services, emergency response capabilities, and public welfare fields related to the national economy and people's livelihood, and concentration in forward-looking strategic emerging industries. These are also the “three concentrations” we often talk about.
The second is to promote the deep integration of scientific and technological innovation and industrial innovation of state-owned enterprises. We will continue to focus on technological output, promote the better integration of state-owned enterprises into the national innovation system, continue to increase investment in R&D, especially basic research, and produce more original technology, key core technology and common technology in the industry; focus on the transformation of achievements to accelerate the transformation of scientific and technological achievements into real productivity through the layout of pilot platforms and open scenarios; at the same time, place stimulating the vitality of scientific and technological talents in a more important position to strengthen incentives for scientific and technological innovation.
The third is to improve the classification, assessment and evaluation system for state-owned enterprises. Accelerate the establishment of an evaluation system for state-owned enterprises to carry out their strategic missions, promote the establishment of an accounting system for the value added of the state-owned economy, further highlight the assessment orientation of quality and efficiency, strategic mission, and value creation, scientifically determine assessment indicators and goals with “one enterprise, one policy”, and better play the role of an assessment baton.
Fourth, improve the modern enterprise system with Chinese characteristics. Highlight precise implementation and effective implementation, further push forward the reform of internal enterprise systems and mechanisms, improve the national institutional mechanism for enterprise party committees (party groups) to play a leading role, strengthen the responsibility and ability of the board of directors to carry out their duties, focus on difficult and pain points to deepen the three system reforms, and continuously improve the effectiveness of enterprise governance.
The fifth is to improve the institutional mechanism for supervision and management. Strengthen strategic coordination among all relevant management departments, strengthen and improve funder supervision, strengthen penetrating supervision, effectively prevent and mitigate risks in key areas, and continuously raise the level of professionalization, systematization, legalization and efficiency of state-owned assets supervision.
The sixth is to comprehensively strengthen state-owned enterprise party building. Integrate Party leadership throughout the reform process and all aspects, improve high-quality party building working mechanisms, and promote the deep integration of party building and business.
The reform tasks have been fully deployed; the key is to implement them well. The State Council's State-owned Assets Administration Commission will strengthen guidance for central enterprises and local state-owned assets systems, further consolidate reform responsibilities, optimize working methods, improve mechanisms for thematic promotion, follow-up and supervision, publicity and promotion, coordinate and resolve key and difficult issues in the reform in a timely manner, and ensure the effectiveness of the reform. Thank you.
Hong Kong Economic Report Reporter:
Promoting the deep integration of scientific and technological innovation and industrial innovation is the key for central enterprises to play the main role in scientific and technological innovation. How will central enterprises continue to advance related work during the “15th Five-Year Plan” period? Thank you.
Pang Xiaogang:
Thank you for your question. Central enterprises have a good foundation for scientific and technological innovation, a wide range of industrial application scenarios, and urgent transformation and development needs. Promoting the deep integration of scientific and technological innovation and industrial innovation is both our strength and responsibility. Please give an introduction to the specific situation, Director Steelow.
Zhang Jianlong, Director of the Science and Technology Innovation Bureau of the State Council's State-owned Assets Supervision and Administration Commission:
Thank you for your question. Promoting the deep integration of scientific and technological innovation and industrial innovation is the focus of the scientific and technological innovation work of central enterprises. This year, the State Council's State-owned Assets Administration Commission specially prepared the “15th Five-Year Plan” for the first time. It will promote the deep integration of scientific and technological innovation and industrial innovation, and deploy it as an important part of it. The organization of work in this area can be summarized as the “Three Ones”.
The first “one” is “integrated planning.” The first is integrated planning on layout, further strengthening funder guidance, focusing on key directions of modern industrial system construction, and systematically deploying major scientific and technological research tasks of central enterprises. The second is integrated planning along the path, changing the linear model of “R&D, transformation, and application”. By embedding R&D tasks in industrial projects and clarifying industrial goals in scientific research projects, efforts are made to break through the blockages of integrating innovation between scientific research projects and industrial projects. Furthermore, there is integrated capacity planning, targeted implementation of a number of research tasks, speeding up breakthroughs in a number of technologies in the fields of high-end instruments, basic software, etc., and effectively improving the basic capabilities of the industry.
The second “one” is “concerted effort.” The first is to push central enterprises to make concerted efforts, avoid inefficient and repeated investment, and concentrate on major tasks. The second is to promote concerted efforts between central enterprises and various innovators, strengthen cooperation with universities, research institutes, various enterprises, and internationally superior R&D forces, etc., jointly carry out various innovation plans and actions, and open up pilot bases and application scenarios on a wider scale. The third is to promote the concerted efforts of educational science and technology talents, collaborate with key universities, further improve the talent education and training system of central enterprises, and clear channels for talent exchange.
The third “one” is “consistent.” On the one hand, ensure a steady increase in investment in scientific research, and resolutely complete the target set by the country for an average annual growth rate of R&D investment of more than 7%. On this basis, we will strive to increase the share of basic research investment to more than 15%, and focus R&D investment on major national scientific research tasks to advance the service industry. On the other hand, ensure long-term and effective linkage between scientific and technological innovation and industrial development, strengthen strategic forward-looking technology forecasting, improve a diversified verification and evaluation system involving academia, the business community, and the investment community, and promote mutual support and two-way empowerment of the innovation chain industry chain.
Overall, we will combine a systematic layout, organized scientific research, and strong deployment to promote the deep integration of scientific and technological innovation and industrial innovation, achieve common progress in capabilities and values, accelerate the opening of a channel from strong science and technology to a strong industry, economy, and country, and make greater contributions to the construction of a strong science and technology nation.
Thank you.
Extreme News Reporter:
We have seen that central enterprises are always on the front line in all types of disaster rescue. Can you introduce the relevant situation of central enterprises in fulfilling their social responsibilities, and how will they promote central enterprises to play a better role in the future? Thank you.
Pang Xiaogang:
Thank you for your question. State-owned central enterprises have always taken high standards in fulfilling their social responsibilities as an important task. The State Council's State-owned Assets Administration Commission has also specially formulated and issued relevant documents to strengthen overall promotion. The next step is to continue to step up efforts. I would like to ask Director Shaofei to give an introduction to this aspect of the situation.
Wang Shaofei:
Thank you for your question. Fulfilling social responsibilities, giving more consideration to social benefits, service guarantees, and improving people's livelihood in economic activities is one of the most prominent characteristics of central enterprises. This characteristic is particularly evident when the country needs it and the common people need it. This is also determined by the nature of central enterprises themselves. I'll give you a few examples: in terms of emergency rescue, for example. After the “8.26” landslide disaster occurred in Jilong County, Tibet Autonomous Region, six engineering and construction companies urgently dispatched 809 people and 920 sets of equipment to the site. I believe everyone knows about the difficulty and construction environment of the site. Through uninterrupted work, our comrades from central enterprises have opened up a land rescue channel to Geelong Port in the shortest possible time, and at the same time, the supply of electricity, oil, communications, food and drug supplies, including disaster detection, etc., all of them have professional support from central enterprises. I would like to say that emergency rescue is not just about determination; it is about fighting professional warfare and three-dimensional warfare; it is not only intentional but also powerful. Therefore, we have specially built a comprehensive emergency rescue platform for central enterprises. Currently, we have connected information from 35 central enterprises and 2,509 professional rescue teams, bringing together 384,000 people and professional emergency rescue forces, including 146,000 sets of rescue equipment. Our goal is to be online around the clock, whenever possible. For example, in terms of electricity security, the electricity consumption of our entire society surpassed 10 trillion kilowatts last year, and the whole world entered the “barbecue mode” this summer, yet our common people's electricity needs are still strongly guaranteed. Behind this sense of security is the systemic advantage our central grid power enterprise has long relied on scientific and technological innovation, green transformation, long-term investment, and cost control. This is also a reflection of the advantages of our national system. Another example is that in terms of stabilizing the energy market, international crude oil supply has been severely impacted this year, and international oil prices have risen sharply. Our petroleum and petrochemical companies have made every effort to increase storage and production, broadly explore overseas import channels, and at the same time resolutely implement temporary national measures to control the prices of refined oil products to ensure stable supply in the market.
The three examples I have just given are only a microcosm of central enterprises fulfilling their social responsibilities. In fact, in terms of green and low carbon, rural revitalization, and philanthropy, central enterprises are demanding themselves with exemplary standards. In the next step, we will push central enterprises to further strengthen their underpinning role in service guarantee and improving people's livelihood based on their main business, and strive to achieve better work results. The first is to strengthen emergency rescue capabilities more quickly. Continue to build and make good use of a comprehensive emergency rescue platform for central enterprises, build and strengthen a specialized strategic emergency rescue team with China Energy as the main focus, and make every effort to ensure the safety of people's lives and property in major disaster rescue. The second is to better implement the task of securing supply and stabilizing the market. Continue to improve the long-term mechanism for electricity insurance and supply, and take the lead in promoting the implementation of the General Cooperation Agreement and electricity and coal reserves. Take good care of the production, distribution, and storage of energy resource products, and stabilize market supply of oil and gas, mineral resources, important chemicals, and food. The third is to share more of the company's development achievements. Firmly do a good job of normalizing assistance, counterpart support, etc., run the “Consumer Assistance for Central Enterprises” series of activities, and play a good role as a cultural tourism support platform for “Homecoming” central enterprises. Fourth, better promote green and low-carbon development, promote central enterprises in high-energy and high-emission industries to accelerate green transformation, deepen demonstration applications of advanced green technology, raise the level of green development, and contribute more to the construction of a beautiful China.
Thank you!
Lightning News Reporter:
This year marks the 105th anniversary of the founding of the Communist Party of China and the 10th anniversary of the National State-owned Enterprise Party Building Work Conference. What outstanding results have been achieved in the party building work of central enterprises in the past ten years? What are the next key arrangements? Thank you.
Pang Xiaogang:
Thank you for your question. On October 10, 2016, the Party Central Committee held the National State-owned Enterprise Party Building Conference. General Secretary Xi Jinping personally attended and delivered an important speech. He systematically announced our party's general policy, fundamental principles and major initiatives for leading and developing state-owned enterprises in the new era, providing fundamental guidelines for doing a good job in the new era and new journey of state-owned central enterprises. Over the past ten years, central enterprises have comprehensively strengthened the Party's leadership and party building work. The corporate landscape, team appearance, and party building work landscape have profoundly changed, leading enterprises to play a pivotal role and ballast stone in the overall cause of the Party and the country. It is mainly reflected in three aspects:
First, the overall leadership of the Party has been fundamentally strengthened. Implement the “two integrals”, improve the modern enterprise system with Chinese characteristics, and unify strengthening party leadership and improving corporate governance. The leadership role of the enterprise party committee (party group) is guaranteed by law, institutional arrangements, and mechanisms, and strongly promotes the centralized unified leadership of the Party Central Committee and the implementation of the Party's overall leadership over state-owned enterprises.
Second, the overall quality of party building has improved. Comprehensively carry out basic organizations, basic teams, and basic systems, deepen carrier construction such as party members' areas of responsibility, demonstration posts, commandos, etc., and actively explore party building in the industrial chain innovation chain. The atmosphere of focusing on party building and strengthening party building is stronger. The organizational strength and combat effectiveness of grass-roots party organizations continues to improve, and the leading and protective role of high-quality party building has been fully demonstrated.
Third, the responsibility for governing the Party and governing the Party continues to be compacted. We have always insisted on strict character and strict government to the end, establish and improve an interview mechanism for comprehensively and strictly governing the Party, strictly carry out the assessment of the party building responsibility system of central enterprises, unswervingly fight discipline and corruption, continue to consolidate and develop a clean political ecosystem, and continuously achieve new results by comprehensively and strictly governing the Party.
The comprehensive strengthening of enterprise party building work has provided a strong guarantee for reform and development. Relevant results have been fully reflected in urgent and dangerous tasks such as scientific and technological research, poverty alleviation, and emergency and disaster relief. For example, central enterprises have carried out joint party building and joint construction in major engineering projects, working together to solve the blockages and problems of engineering construction and ensure the smooth implementation of strategic projects. For example, by forming a commando team of new Long March Party members to “forge the heart” in the aviation sector, central enterprises have successfully overcome a number of “stuck neck” technologies and achieved encouraging results. For example, Director Wang Shaofei just mentioned that the “8.26” landslide disaster in Jilong County in the Tibet Autonomous Region and the floods in Guigang, Guangxi all occurred this year. In the rescue of these major natural disasters, party members and party organizations of central enterprises have taken the lead and effectively played a role as battlebastions.
In the next step, state-owned central enterprises will thoroughly study and implement Xi Jinping's ideology of party building, continue to consolidate the implementation results of the National State-owned Enterprise Party Building Conference spirit, adhere to the overall leadership of the Party, strengthen party building, and effectively guarantee high-quality development through high-quality party building.
The first is to strengthen political leadership more vigorously. Take full advantage of ideological and theoretical arms, continue to implement the “first topic” system, improve the closed-loop implementation mechanism for important matters, and ensure that the spirit of General Secretary Xi Jinping's important instructions and instructions and the decisions and arrangements of the Party Central Committee are fully implemented in state-owned central enterprises. The second is to improve the quality and efficiency of party building work to a higher standard. Promote the work of cadres and talents with high quality, summarize and promote effective methods of party building in the industrial chain innovation chain, and lead the majority of Party members to be pioneers and take the lead in the main battleground of reform and development, the frontline of scientific and technological innovation, and at the forefront of major tasks. The third is to promote comprehensive and strict government of the Party with more practical measures. Adhere to party character, party style, and discipline, go hand in hand with fighting corruption, and promote not daring to corrupt, not being corrupt, and not wanting to be corrupt in an integrated manner. Continue to improve the Party system for comprehensive and strict government of national central enterprises, adhere to a strict tone, strict measures, and strict atmosphere for a long time, effectively create a good political ecology conducive to high-quality development, and provide a strong guarantee for doing all the work of state-owned central enterprises during the “15th Five-Year Plan” period.
I'll just talk about that, thank you.
Xinhua News Agency Finance Reporter:
We know that basic research is an important part of the scientific and technological innovation work of central enterprises. May I ask, in recent years, what work has the State Council's State-owned Assets Administration Commission done to guide central enterprises around basic research? During the “15th Five-Year Plan” period, how can central enterprises further strengthen basic research and achieve better innovative results? Thank you.
Pang Xiaogang:
This is a great question, and it's important. Currently, the importance of strengthening basic research in building a strong science and technology nation is becoming more and more prominent. In April of this year, General Secretary Xi Jinping personally attended a symposium on strengthening basic research and delivered an important speech, providing us with fundamental guidelines for strengthening basic research work. State-owned central enterprises are thoroughly studying and understanding, resolutely implementing the spirit of General Secretary Xi Jinping's important speech, and striving to play a greater role in basic research. Please let Director Steelung explain the details.
Zhang Jianlong:
Thank you for your question. In recent years, the State Council's State-owned Assets Administration Commission has continued to increase investment in basic research, strengthen original and leading technical research, and has made positive progress. It is mainly reflected in: First, integration into the national system is more proactive. During the “14th Five-Year Plan” period, central enterprises undertook 1,783 national basic research projects, with a total cost of 35.3 billion yuan. 37 central enterprises and the National Natural Science Foundation of China set up joint funds for enterprise innovation and development, with a total scale of 12.53 billion yuan. Second, basic research capabilities are gradually being strengthened. Central enterprises have taken the lead in building 91 national key laboratories and set up 8 industry-specific technology research institutes. The proportion of basic research investment in R&D increased from 6% in 2021 to 9.4% in 2025, and the number of basic researchers reached 186,000. Third, industry-university-research cooperation is closer. The “Top Ten Basic Science Questions” of central enterprises were announced to the whole society, and more than 100 scientific research projects were set up, and more than 50 universities and research institutes jointly “answered the same questions”. Fourth, original achievements continue to emerge. The central enterprise's original technology strategy site has achieved 384 landmark achievements, and theoretical achievements in the early formation and evolution of petroleum won the second prize of the 2025 National Natural Science Award.
Facing the “15th Five-Year Plan”, we will take strengthening basic research as the central task of scientific and technological innovation in central enterprises, accelerate the construction of a basic research system with clear positioning, reasonable layout, and close integration between industry, education and research, achieve more basic cutting-edge results, and strive to become an important force for basic research in China. Focus on three things:
The first is to focus on the “what” of basic research to accurately and vigorously strengthen the technical layout. Take the original technology strategy as a starting point, strengthen basic applied research in response to industry needs, and consolidate the “foundation” of technology in key fields such as integrated circuits, industrial software, and industrial mother machines. At the same time, we will strengthen cutting-edge technology layout research and development in emerging fields such as artificial intelligence, quantum technology, and brain-computer interfaces, as well as in the fields of deep sea, deep space, and deep earth.
The second is to focus on “who will do it” for basic research and gather scientific research forces on a wider range. Play the “leading” role of leading science and technology enterprises, take the lead in undertaking basic national research projects, and drive collaboration between all actors in the innovation chain and upstream and downstream of the industrial chain. Give full play to the role of national key laboratories as the “main position” to create more innovative platforms to support basic research. Give full play to the “main force” role of the university, promote the transformation of research institutes to return to scientific research attributes, build eight industry-specific technology research institutes with high quality, and continuously strengthen the supply of key common technologies.
The third is to focus on “what to rely on” basic research to effectively create a good atmosphere of innovation. Strengthen cooperation with national strategic scientific and technological forces such as universities and research institutes, and open up an innovation chain for basic research, application development, and transformation of achievements. Accelerate the development of leading talents and outstanding teams in basic research, and give top talents and chief scientists greater autonomy. Implement long-term assessments and differentiated evaluations of basic research projects, talents, and teams to fully unleash the potential vitality of basic research.
Thank you.
Jia Huili:
Thanks for the introduction, time constraints, last two questions.
Beijing News Shell Finance Reporter:
State-owned central enterprises use the “AI+” special operation as an important starting point for cultivating new quality productivity. Excuse me, what are the key ideas for advancing this work now and in the coming period? How can artificial intelligence technology better serve economic and social development? Thank you.
Pang Xiaogang:
Thanks for the question. Currently, global artificial intelligence technology innovation has entered an unprecedented period of activity. The intelligent economy is developing at an accelerated pace, cross-border integration continues to deepen, and opportunities and challenges coexist. The State Council's State-owned Assets Administration Commission attaches great importance to empowering the development of central enterprises with artificial intelligence technology. For three consecutive years, the first special meetings at the beginning of the year were all “AI+” special action deployment meetings, and related work also achieved some positive results. For details, please ask Director Dai Xi to explain the details.
Dai Xi:
Thank you for your question. In recent years, the State Council's State-owned Assets Administration Commission has guided and promoted central enterprises to use the “AI+” special operation as a starting point to seize artificial intelligence opportunities based on their own resource endowments, and blossom more and further develop in the fields of application, data, computing power, models, ecology, etc. More specifically:
First, application scenarios are being implemented faster. We have released 100 benchmarks for strategic high-value scenarios for central enterprises, covering 20 industry categories such as industry and energy, to promote solutions to real pain points and blockages and reshape business processes. For example, China's Baowu's “AI furnace length” scenario can achieve AI control of the entire process of batching, steelmaking, steel discharge, and slag disposal, with annual economic benefits of 10 million yuan.
Also, industry data continues to be built and gathered. Central enterprise data set construction has moved from “pan-data accumulation” to “vertical business enablement”. Four data industry communities, including energy, transportation, low carbon, and finance, have gathered more than 1,000 high-quality data sets, which can better support smart system construction and industry application development.
Also, the quality and efficiency of intelligent computing platforms are constantly being upgraded. We guide and promote operators to speed up the construction of intelligent computing clusters. The electronic carbon computing collaborative operation system reduces computing power and electricity costs by 30%, and computing power scheduling platforms such as “Xiyang” and “Computing Network Brain” can provide inclusive, green, and secure token services to the outside world.
Furthermore, the basic model effectively empowers the industry. Relying on our self-developed “Star” and “Nine Days” basic models, we launched superintelligence and built a “general base+industry model” system, driving industry-side central enterprises to build more than 100 industry vertical models, and empowering the intelligent transformation of thousands of industries. For example, CRRC's “wheel” rail transit equipment vertical model built in cooperation with CRRC and China Telecom increased the flexibility level of CRRC's production line by 15%.
Furthermore, an open ecosystem accelerates agglomeration. We have upgraded the Central Enterprise Artificial Intelligence Renewal Community 2.0, opened up the “modular computing” global resources of state-owned enterprises, gathered more than 30,000 models and 4,000 data sets, and built zones for personalized intelligence and AI security to support the innovation of more than 30,000 application developers.
Looking ahead to the “15th Five-Year Plan”, we will coordinate development and security, seize new opportunities for intelligent economic development, and promote artificial intelligence to take root in the physical and inclusive development.
First, it is necessary to establish a solid foundation for industrial development. Continue to increase investment in computing power networks, and rationally lay out and build eco-friendly intelligent computing centers in an orderly manner. Deepen computational and telecommunication collaboration and computational network integration, accelerate the implementation of more direct green power projects, and promote the two-way empowerment of artificial intelligence and energy. Continue to iterate the basic model, enhance the supply capacity of the entire industry data chain, and consolidate factor support.
Furthermore, it is speeding up application to the real economy. With the industrial sector as the development focus, we will continue to build an “AI+” industrial community, give full play to the main support and integration driving role of central enterprises, lead all parties to collaborate and build, reserve more strategic high-value scenarios, and accelerate the large-scale implementation of artificial intelligence on the production line, especially the core link.
There is also the release of inclusive development dividends. Adhere to putting people first, cooperate to ensure employment, optimize income distribution, and promote technological dividends to benefit people's livelihood. Continue to increase the openness of the revitalized community and promote the fair and accessible achievements of artificial intelligence. Thank you!
Jia Huili:
Thanks, last reporter.
First Financial Correspondent:
Currently, the construction of the “Six Zhang Network” is progressing at an accelerated pace. As the main force in infrastructure construction, what progress has central enterprises made in the construction of the “Six Zhang Networks”? How will it further play a supporting and safeguarding role in the future? Thank you.
Pang Xiaogang:
Thank you for your question. “Liuzhang Network” is currently a hot topic receiving a lot of attention in society. The construction of the “Six Network” was a major deployment in the year the “15th Five-Year Plan” began. It can not only stabilize investment and expand domestic demand, but is also a major event to increase momentum, improve efficiency, benefit people's livelihood, and ensure safety. It is related to current and long-term development. Central enterprises are an important force in the country's infrastructure construction. Since this year, the State Council's State-owned Assets Administration Commission has earnestly implemented the deployment requirements of the Party Central Committee and the State Council, and organized central enterprises to plan and accelerate the implementation of a number of major projects and landmark projects around the “Six Zhang Network”. The annual plan has arranged related investments of about 2 trillion yuan. Currently, all work is progressing smoothly.
Let's start with the “six networks” and give you a brief introduction to the progress: the first is to speed up the construction of the main framework of the water network. Projects such as the South-to-North Water Diversion Center Line and the Guxian Water Conservancy Hub of the Yellow River are progressing with high quality, and central enterprises are deeply involved in the construction of 40 key transportation and drainage channels, which strongly supports the country's water safety and security. Second, the aorta of the new power grid is tightening faster. The largest AC/DC hybrid power grid in the world, with the highest voltage level, and the largest grid connection for new energy sources, was built. The average power supply reliability rate of full caliber reached 99.948%. Third, domestic clusters of computing power networks are being lit up at an accelerated pace. In places such as Beijing-Tianjin-Hebei, Shanghai, Inner Mongolia, Heilongjiang and Guangdong, a total of 6 domestic Wanka intelligent computing clusters have been built and put into operation, piloting the construction of collaborative computing projects to provide inclusive, easy-to-use, green and secure computing power services to the community. Fourth, the intergenerational evolution of next-generation communication networks has accelerated breakthroughs. Supporting the construction of the world's largest and technology-leading communication network, 4.83 million 5G base stations have been successfully implemented, 5G-A commercial networks have covered more than 330 cities, and satellite Internet operation and service capabilities have initially been formed. Fifth, the “Rizi Project” of the city's underground pipeline network is being shortened at an accelerated pace. Deeply involved in the construction of the city's underground pipeline network, a number of benchmark projects, represented by the Xiong'an New Area Comprehensive Pipeline Gallery, have been built and operated in various regions. Sixth, the major channels in the logistics network are being rapidly converted into a network. It took the lead in preparing a national logistics big data platform, and continued to promote the construction of sea, land and air logistics hubs to form a global air shipping network. The new Three Gorges Water Transport Corridor project officially started, and the Pinglu Canal was fully navigable on September 16, greatly improving China's inland waterway shipping capacity and the level of river-sea connectivity.
In the next step, state-owned central enterprises will continue to strengthen overall planning, strengthen intensive use, and fully participate in the construction of the “Six Networks”, focusing on four aspects: the first is to increase investment promotion. Using the construction of the “six networks” as a starting point, infrastructure investment will be expanded in an orderly manner to better play a leading and driving role. The second is to step up the collaborative group's online efforts. Strengthen the “three grid integration” of computing power grids, new power grids, and next-generation communication networks, and raise the level of digital intelligence for water grids, urban underground pipelines, and logistics networks. The third is to reinforce safety support. Implement the concept of safe development throughout the life cycle of project planning, construction and operation to ensure safe construction and reliable quality of project projects. The fourth is to step up efforts in joint construction and sharing. Be a good operator, service provider, and system integrator, participate in construction and share results with various enterprises. Thank you!
Jia Huili:
That's all for today's press conference. Thank you to all the publishers, thank you to our reporters and friends for participating, and see you next time.
This article was selected from “China Net”, editor of Zhitong Finance: Xu Wenqiang.