Peng Huagang, former secretary general of the State-owned Assets Supervision and Administration Commission of the State Council: Building a modern new state-owned enterprise from five aspects to lead the development of the socialist market economy
2024-08-16
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“Modern new state-owned enterprises can not only adapt to the requirements of the market economy, but also lead the development of the socialist market economy.”
On August 15, the "Modern New State-owned Enterprise Seminar" was held on the Bund in Shanghai. Peng Huagang, former member of the Party Committee and Secretary-General of the State-owned Assets Supervision and Administration Commission of the State Council and President of the China Enterprise Reform and Development Research Association, said this in his keynote speech.
The seminar was guided by the News Center of the State-owned Assets Supervision and Administration Commission of the State Council, hosted by State-owned Assets Report Magazine and The Paper, co-organized by the Shanghai State-owned Assets Supervision and Administration Commission, and provided academic support by Shanghai University of Finance and Economics.
Peng Huagang delivered a keynote speech.
At the meeting, Peng Huagang delivered a keynote speech entitled "Building a Modern New State-owned Enterprise". He believes that to build a modern new state-owned enterprise, we must start from five aspects: optimizing the layout of the state-owned economy, improving the technological innovation mechanism of state-owned enterprises, and improving the management and supervision system and mechanism.
Looking back on the history of state-owned enterprise reform, Peng Huagang said that China's state-owned enterprise reform has roughly gone through four important stages since the reform and opening up.
First, from the reform and opening up to the 14th National Congress of the Communist Party of China, it took roughly 15 years to gradually lead state-owned enterprises into the market through measures such as expanding power and making concessions and implementing the contract management responsibility system.
Second, from the 14th to the 16th National Congress of the Communist Party of China, through a series of measures such as "grasping large and letting go of small", the withdrawal of troubled enterprises, separating the social functions of enterprises, transforming business mechanisms, and establishing a modern enterprise system, efforts were made to solve the problems exposed by state-owned enterprises after they entered the market, such as irrational structure, heavy social burden, many historical burdens, and serious redundancy in enterprises.
Third, from the 16th to the 18th CPC National Congress, the state-owned assets management system underwent major reforms, achieving the separation of government and enterprises, government and capital, and management rights and ownership in terms of system and mechanism, laying a solid institutional foundation for the healthy development of state-owned enterprises.
Fourth, since entering the new era, from the 18th to the 20th National Congress of the Communist Party of China, under the historical background of comprehensively deepening reform, a "1+N" policy system has been constructed, ten reform pilot projects have been carried out, special actions for SOE reform such as the "Double Hundred Action" and the "Science and Technology Reform Action" have been promoted, and the "Three-Year Action Plan for SOE Reform" has been implemented. Many basic reform tasks have been historically completed, many key reform issues have made breakthrough progress, and the state-owned assets supervision system has become more mature and finalized. Not long ago, the Third Plenary Session of the 20th CPC Central Committee was successfully held, and the deepening of SOE reform was incorporated into the overall strategic plan of comprehensively deepening reform, and a systematic deployment was made.
"I believe that from the 20th National Congress of the Communist Party of China to the ongoing deepening and upgrading of reforms, to the important expositions of the Third Plenary Session of the 20th Central Committee, a fundamental guideline has been provided for building a modern new state-owned enterprise," said Peng Huagang.
Peng Huagang said that in the historical process of state-owned enterprise reform, the management system and operating mechanism of state-owned enterprises have undergone fundamental changes. "This state-owned enterprise is not the same as that state-owned enterprise. I have described three forms of this evolution and transformation of state-owned enterprises."
He specifically said that there are three types of state-owned enterprises: traditional state-owned enterprises, old state-owned enterprises and new state-owned enterprises. "From the 16th National Congress to the 20th National Congress, new state-owned enterprises have been formed through continuous deepening of reforms. New state-owned enterprises should be independent market entities that adapt to the requirements of the market economy, integrate with the market economy and are controlled by state-owned assets."
So what are modern new state-owned enterprises?
Peng Huagang said that modern new state-owned enterprises are modern new state-owned enterprises that adapt to the development of new quality productivity and promote Chinese-style modernization requirements and provide key support for them. "Modern new state-owned enterprises can not only adapt to the requirements of the market economy, but also lead the development of the socialist market economy."
The conference site.
He believes that modern new state-owned enterprises have six characteristics:
First, they should be qualified entities in the high-level socialist market economic system, operate independently, bear their own profits and losses, assume their own risks, exercise self-discipline and self-development, and fulfill their corporate social responsibilities as models.
Second, it is the backbone of a high-quality modern industrial system, leading the development of strategic and forward-looking industries and playing an important role in economic transformation and development.
Third, it is the national team for scientific and technological innovation, the leader in the deep integration of industry, academia and research, the promoter of the transformation and promotion and application of scientific and technological achievements, and a reliable national strategic scientific and technological force.
Fourth, it is a stabilizer for market failure, improving supply and demand, guiding the flow of factors, and compensating for market failure. It is the optimal combination of an effective market and an efficient government.
Fifth, it is the ballast stone for safe development, responding to major struggles, defusing major risks, and laying a solid foundation for economic and social development.
Sixth, the support for common prosperity will enhance effective supply in infrastructure construction and public services, better address the problem of unbalanced and inadequate development, and allow the fruits of reform and development to benefit the people more equitably and more widely.
Peng Huagang put forward five suggestions on how to build a modern new state-owned enterprise, including optimizing the layout of the state-owned economy and accelerating the construction of a modern industrial system; improving the scientific and technological innovation mechanism of state-owned enterprises to become a reliable national strategic scientific and technological force; strengthening the guarantee of state-owned enterprises in key areas to support national strategic security; improving the modern enterprise system with Chinese characteristics so that state-owned enterprises can truly operate according to market mechanisms; improving the management and supervision system and mechanism, and improving the state-owned asset supervision system with capital management as the main focus.
Looking to the future, Peng Huagang said that the reform of state-owned assets and state-owned enterprises is always on the way. Building modern new state-owned enterprises requires long-term and unremitting efforts, continuous innovation and breakthroughs. This is also the mission and responsibility given to state-owned assets and state-owned enterprises by the times.
The Paper reporter Tan Jingyuan
(This article is from The Paper. For more original information, please download the "The Paper" APP)
