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a few days ago, the relevant person in charge of the state-owned assets supervision and administration commission of the state council stated at the third special promotion meeting of the action to deepen and improve state-owned enterprise reform in 2024 that by 2025, state-owned enterprises must universally implement the final adjustment and incompetent exit systems.

this is not the first time that the sasac has emphasized the universal implementation of this system. at the first special promotion meeting of the state-owned enterprise reform deepening and improvement action in 2024 held by the state-owned assets supervision and administration commission in february this year, the relevant person in charge said: on the one hand, some central enterprise group companies are far from full coverage; on the other hand, local end-state enterprises the coverage of waiting adjustment and incompetence exit system in first-level enterprises is only 77.2%. this is data for 2023.

at the first special topic promotion meeting, the word "out and out" was used; at the third special topic promotion meeting, the word "must" was used. this all reflects the difficulty and slow progress of this work.

there are at least two factors in promoting the universal implementation of this system with a positive attitude that time waits for no one.

first, state-owned enterprises play a very important role in economic development, which is fully reflected in the "two unwavering principles". only with strong vitality can state-owned enterprises provide strong support for the unswerving consolidation and development of the public-owned economy. especially when the economy is facing great downward pressure, there is no time to wait to further stimulate the vitality of state-owned enterprises.

second, with the acceleration of the formulation of the private economy promotion law and the successive introduction of policies to build a unified national market, state-owned enterprises may face the same market environment and the same market competition as private enterprises. past policies have favored them. is gradually disappearing. therefore, from the perspective of the survival and development of state-owned enterprises themselves, time cannot wait.