Innovating capital operation to serve the real economy-State-owned Assets Supervision and Administration Commission of the State Council

On May 21st, the "Open Class of State-owned Enterprises and Appointment Ceremony of State-owned Enterprise Backbone as Off-campus Counselor" jointly organized by China Guoxin and Shanghai University of Finance and Economics was held in Shanghai. Zhou Yubo, secretary and chairman of China Guoxin Party Committee, gave a keynote speech on "Innovative Capital Operation Serving the Real Economy —— Exploration and Practice of Guoxin State-owned Capital Operation in China". Xu Tao, secretary of the Party Committee of Shanghai University of Finance and Economics, presided over the event and delivered a welcome speech. Liu Fuguang, deputy director of the Propaganda Bureau of the State Council State-owned Assets Supervision and Administration Commission, Zhou Yuxian, vice chairman and deputy secretary of the Party Committee of China Guoxin, Zhu Mingxiong, deputy secretary of the Party Committee of Shanghai University of Finance and Economics, and Zhang Yiguo, member of the Standing Committee of the Party Committee and Minister of Propaganda

In his welcoming speech, Xu Tao thanked the SASAC and the Ministry of Education for arranging the pairing of China Guoxin and Shanghai University of Finance and Economics. He pointed out that school-enterprise pairing can effectively promote the combination of young students’ book knowledge and social practice, promote the combination of theoretical teaching and practical cases, and promote the combination of school personnel training and the reform and development of state-owned enterprises.

Zhou Yubo said in class that the state-owned capital operation company is a new thing in the new round of state-owned enterprise reform since the 18th National Congress of the Communist Party of China, and it is also a vivid microcosm. He sorted out the basic concepts and significance of operating companies from three aspects: "What is a state-owned capital operating company, why should it be established, and how does China Guoxin carry out state-owned capital operation", and combined with the exploration and practice of China Guoxin to carry out state-owned capital operation, he exchanged and shared with his classmates the important role played by operating companies in deepening the reform of state-owned enterprises and the special role they played in serving the development of the real economy.

Zhou Yubo pointed out that operating companies are deeply rooted in the reform practice of state-owned enterprises in China and have profound historical inevitability and practical necessity. Over the past 40 years of reform and opening up, China’s economic development has made remarkable achievements, and the reform of state-owned enterprises has also gone through an extraordinary course. Operating companies are not only the product of deepening the reform of state-owned enterprises, but also an important starting point for further promoting the reform of state-owned state-owned enterprises.

Zhou Yubo briefly summarized the exploration and practice of capital operation in China Guoxin for more than three years, and emphasized that the following five experiences are particularly important to do a good job in the pilot work: first, we should accurately grasp the positioning of capital operation around the national strategy; second, we should clearly describe the vision and objectives of capital operation; third, we should improve diversified operation means as the basis; fourth, we should build the core competitiveness of enterprises as the foothold; and fifth, we should strengthen the overall leadership of the party as the fundamental guarantee.

Zhou Yubo finally sent a message to the vast number of young people, including financial students. He said that as the "pillar" of Socialism with Chinese characteristics’s economy, state-owned enterprises will provide you with a broad stage to arouse youth, open up life, build the country and contribute to society. I sincerely hope that you will choose state-owned enterprises, and warmly welcome you to choose operating companies, join the state-owned capital operation, and work hard to realize the Chinese dream of the great rejuvenation of the Chinese nation.

Liu Fuguang and Xu Tao presented letters of appointment to off-campus counselors for Tian Hui, general manager of Guoxin Holdings (Shanghai) Co., Ltd., and Margo, deputy general manager and chief strategy officer of Guoxin Zhangchuang Fund. Before the event, China Guoxin had a discussion with Shanghai University of Finance and Economics, and both sides expressed their desire to strengthen strategic cooperation.

More than 600 people from relevant departments and offices of China Guoxin, responsible comrades of relevant departments and Communist Youth League committees of Shanghai University of Finance and Economics, employees of China Guoxin and representatives of teachers and students of Shanghai University of Finance and Economics attended the report meeting. Xinhuanet, China Youth Daily, china securities journal, Xinmin Evening News, Surging News Agency, State-owned Assets Report and other media reported on the event.

The "Open Class for State-owned Enterprises" series of activities was jointly organized by the Ministry of Education and the State-owned Assets Supervision and Administration Commission, aiming at thoroughly implementing the spirit of the National Conference on Party Building in State-owned Enterprises, the National Education Conference and the National Conference on Ideological and Political Work in Colleges and Universities, and the first batch of 50 central enterprises and 50 colleges and universities were selected to pair up.

Collection of golden sentences

1. The state-owned capital operation company is a new thing in the new round of state-owned enterprise reform since the 18th National Congress of the Communist Party of China, and it is also a vivid microcosm.

2. Investment companies, operating companies and industrial groups have different functional orientations, but they cooperate closely with each other and develop synergistically. Operating companies should support industrial groups and investment companies in many aspects, and cooperate with other types of enterprises in depth and complementarily, so as to promote all kinds of enterprises to realize the optimal allocation of resources and greater improvement of efficiency in a market-oriented way by effectively exerting the functions of capital operation platform and key fulcrum.

3. State-owned capital operating companies are deeply rooted in the reform practice of state-owned enterprises in China, which has profound historical inevitability and practical necessity. Over the past 40 years of reform and opening up, China’s economic development has made remarkable achievements, and the reform of state-owned enterprises has also gone through an extraordinary course. State-owned capital investment and operation of companies are not only the product of deepening the reform of state-owned enterprises, but also an important starting point for further promoting the reform of state-owned enterprises.

4. China Guoxin is a "new central enterprise" that came into being in the process of deepening the reform of state-owned assets and state-owned enterprises, and shoulders the special and important mission of operating the pilot reform of the company.

5. Capital operation must be highly consistent with the national strategy and consciously plan enterprise development under the national strategy. Only by finding the combination point and focus point of capital operation in the overall situation of implementing the national strategy can we grasp the correct development direction without deviating or wavering, and better reflect the pilot value and the responsibility of central enterprises.

6. China Guoxin emphasized that the operating object must focus on the state-owned capital entering the real industry, instead of "separating the real from the virtual", it should better "live with the virtual".

7. Although the operating company has no main business restrictions, it cannot attack from all sides and its development cannot be "out of focus"; The operating company should aim at improving the return on capital, but it can’t just focus on the financial return, otherwise the function of sustainable development will be "weakened".

8. As the "pillar" of Socialism with Chinese characteristics’s economy, state-owned enterprises will provide a broad stage for young people to arouse their youth, open up their lives, build their country and contribute to society.

[Editor: Zhang Xiaozhe]