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　　Hong Kong’s Wind News Agency reported that on September 27, the fourth meeting of the State-owned Enterprise Reform Leading Group of the State Council and a teleconference on the mobilization and deployment of the national state-owned enterprise reform three-year action were held in Beijing. Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and leader of the State-owned Enterprise Reform Leading Group of the State Council attended the meeting and delivered a speech. State Councilor and deputy leader of the State-owned Enterprise Reform Leading Group of the State Council Wang Yong presided over the meeting.

　　The meeting pointed out that General Secretary Xi Jinping attaches great importance to the reform of state-owned enterprises and has issued important instructions many times, which must be studied and implemented in depth. The three-year action for the reform of state-owned enterprises is the concrete construction drawing for the implementation of the “1+N” policy system and top-level design for the reform of state-owned enterprises in the next three years. It is measurable, assessable, testable, and work-related. Doing this well is of great significance for strengthening and improving the state-owned economy, enhancing the vitality of state-owned enterprises, improving efficiency, and accelerating the construction of a new development pattern.

　　The meeting called for the implementation of three-year actions to form a more mature and stereotyped modern enterprise system with Chinese characteristics and a state-owned asset supervision system based on capital management, promote the optimization and structural adjustment of the state-owned economy, and improve the vitality and efficiency of state-owned enterprises. Obvious results have been achieved. First, state-owned enterprises must become market players with core competitiveness. State-owned enterprises must first perform their economic functions, create market value, and better serve the party and the people. It is necessary to strengthen the leadership of the party, implement the powers of the board of directors, improve the market-oriented operating mechanism, and actively and steadily deepen the reform of mixed ownership. The second is to play a greater role in leading innovation. Innovation determines destiny, and hard power unblocks the big cycle. We must take innovation as a breakthrough, carry out bold and adequate incentives, and make greater achievements in key core technology research, introduction of high-end talents, and transformation and application of scientific research results. The third is to play a leading role in improving the level of the industrial chain supply chain. State-owned enterprises must play a leading role and important influence on the healthy development of private enterprises. Promote the formation of a better market structure according to the concentration requirements of different industries. State-owned enterprises and private enterprises must cooperate with each other to promote mergers and acquisitions and strategic combinations. Central SOEs must resolutely reduce management levels and prevent and control various risks. The fourth is to play a special role in safeguarding the people's livelihood and coping with major challenges. It is necessary to promote state-owned capital to play a greater role in key areas related to the national economy and people's livelihood, such as the provision of public services, emergency response capacity building, and public welfare, and make institutional arrangements. For state-owned enterprises to undertake public welfare services, classified accounting and classified assessment shall be carried out. Establish and improve a subsidy system that conforms to international practices. Fifth, we must play a fundamental role in maintaining national economic security. We must insist on advancing and retreating, and promoting the concentration of state-owned capital in important industries and key areas that are related to national security and the lifeline of the national economy, so that state-owned enterprises can truly play a role in resisting macro risks.

　　The meeting emphasized that it is necessary to strengthen the implementation of departmental responsibilities, establish a responsibility system, give full play to local enthusiasm, creatively implement plans, give full play to the role of entrepreneurs in charge of state-owned enterprises, and promote the reform of state-owned enterprises to achieve practical results.