Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening State-Owned Enterprise Reform
Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening State-Owned Enterprise Reform
Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening State-Owned Enterprise Reform
August 24, 2015
State-owned enterprises belong to the whole people, are important forces to enhance the national modernization and guarantee the common interests of the people, and are important material bases and political bases for the cause development of the Communist Party of China and the State. Since reform and opening up, the State-owned enterprise reform has made great progress, has been integrated with market economy, and has significantly improved in terms of operating quality and efficiency; during international and domestic market competition, a batch of key enterprises have emerged and made significant contributions to advancing economic and social development, guaranteeing and improving the people's livelihood, expanding international market and strengthening China's comprehensive strength; and, the operating management of the State-owned enterprises has been excellent in general, and lots of employees have made unremitting efforts and outstanding achievements. However, we should still note that the State-owned enterprises still have some obvious contradictions and problems urgently to be solved, some enterprises have not really established the market subject status yet, modern enterprise systems have not been sound, the State-owned assets supervision systems need to be improved, and the operating efficiency of the State-owned capital still needs to be further enhanced; some enterprises have obvious problems such as confused management, internal personnel control, interest transfer and the loss of State-owned assets, social functions and historical problems of the enterprises have not been solved fully; and, the party organizations of some enterprises have been failing to fulfill their responsibilities for management over the party members, and have been weakened in terms of their roles. In view of the future, the State-owned enterprises will face increasingly fierce international competition and great challenges of transformation and upgrading. In the process of putting forward China's economy to keep a medium- or high-speed growth and reach a medium or high level, improving and developing the socialist system with Chinese characteristics and realizing the Chinese dream of the great rejuvenation of the Chinese nation, the State-owned enterprises have been undertaking the great historical missions and responsibilities. The State-owned enterprises shall carefully carry out the strategic decisions of the Central Committee of the Communist Party of China and the State Council, and insist on problem orientation, continuously impel the State-owned enterprise reform, practically eliminate the drawbacks of systems and mechanisms, and firmly strengthen, improve and develop themselves according to the requirements of the "four comprehensive" strategic layout and by centering on economic construction. In that light, the Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening State-Owned Enterprise Reform (hereinafter referred to as the "Guiding Opinions") are put forward as below.
I. General Requirements
1. Guidelines.
Hold high the great banner of socialism with Chinese characteristics, carefully carry out the spirits of the spirits of the 18th National Congress of the Communist Party of China and the third and fourth plenary meetings of the 18th Central Committee of the Communist Party of China, deeply learn and carry out the spirits of series of the important speeches of General Secretary Xi Jinping, insist on and improve basic economic system, insist on the socialist market economy reform direction, adapt to new situations of marketization, modernization and internationalization, take the liberation and development of social productivity as standards, center on the enhancement of efficiency of the State-owned assets and consolidation of vitality thereof, improve the modern enterprise system with clear ownership, definite rights and responsibilities, separate enterprises from administration and scientific management, improve the State-owned assets supervision system, prevent the loss of the State-owned assets, keep reinforcing the State-owned economic vitality, control, influence and risk resistance capacity, actively adapt to and guide the new normal of economic development, and make active contributions to promoting the sustainable and sound development of the economy and society and realizing the Chinese dream of the great rejuvenation of the Chinese nation.
2. Basic principles
-- Insist on and improve the basic economic system. This is the basic requirement which must be met for deepening the State-owned enterprise reform. Unswervingly consolidate and develop public economy and encourage, support and guide the development of the non-public economy. Insist on the principal status of public ownership, give play to the dominant role of the State-owned economy, actively promote the cross-shareholding and mutual integration of the State-owned capital, collective capital and non-public capital, and impel the mutual complementarity, mutual promotion and common development of the capital of various ownerships.
-- Insist on the socialist market economic reform direction. This is the basic rule which must be followed for deepening the State-owned enterprise reform. As for the State-owned enterprise reform, following the rules of the market economy and enterprise development, persist in the separations of enterprises from administration, investment from administration and ownership from operation rights, insist on the unification of rights, obligations and responsibilities as well as the combination of incentive mechanisms and constraint mechanisms, and impel the State-owned enterprises to really become independent market subjects which independently do business in accordance with the laws, undertake losses and profits and risks, constrain themselves, and develop themselves. The State-owned enterprises under socialist market economic conditions shall take a lead in consciously fulfilling social responsibilities.
-- Insist on the combination of consolidation of vitality and intensification of supervision. This is the important relationship which must be coped with for deepening the State-owned enterprise reform. The consolidation of vitality is the basic requirement for developing the State-owned enterprises, and the intensification of supervision is the important guarantee for doing so, the organic unification of which shall be realized practically. Continuously advance streamlining administration and delegating power to the lower levels, carry out the corporate legal person property rights and operating autonomy, and further inspire enterprise vitality, creativity and market competitiveness. Further improve the State-owned enterprise supervision system, and practically prevent the loss of the State-owned assets so as to ensure the preservation and appreciation of such assets.
-- Insist on the leadership of the State-owned enterprises by the party. This is the political direction and principle which must be followed for deepening the State-owned enterprise reform. Comprehensively follow the principle of governing the party strictly, give play to the core political role of the party organizations of the enterprises, intensify the construction of leading teams of the enterprises, innovate the grassroots party building work, deeply conduct the construction of working styles and incorruptibility of the party, insist on the wholeheartedly reliance on the working class, maintain the legitimate rights and interests of employees, and provide powerful political guarantees, organization guarantees and talent supports for the State-owned enterprise reform and development.
-- Insist on active and steady coordination and promotion. This is the scientific method which must be adopted for deepening the State-owned enterprise reform. Correctly cope with the relationship between the promotion of reform and the insistence on the rule of law, the stable relationship between reform and development, as well as the relationship between top-level design and respect of grassroots pioneering spirit, highlight problem orientation, persist in the promotion by type, and grasp the order, rhythm and intensify of reform, in order to ensure the firm promotion and efficiency of the reform.
3. Main objectives
By 2020, make decisive achievements in important fields and key links of the State-owned enterprise reform, form the State-owned assets management system, modern enterprise system and market-oriented management system more consistent with the requirements for China's basic economic system and socialist market economic development, make the State-owned assets structure more reasonable, cultivate a batch of excellent entrepreneurs with ability and integrity, good at operation and full of vitality, foster a batch of the State-owned key enterprises with innovation ability and international competitiveness, and remarkably strengthen the vitality, control, influence and risk resistance capacity of the State-owned economy.
-- Basically complete the State-owned enterprise reform towards company system, make active progresses in developing mixed ownership system, realize more sound legal person governance structure, and improve the market-oriented mechanism with survival of the fittest, independent and flexible operation, promotion and demotion of internal management, employees competent to work both at the top and at the grassroots and the increase and decrease in income.
-- Achieve more mature State-owned assets supervision system and more sound relevant laws and regulations, keep optimizing supervision means and methods, further enhance the scientificity, pertinence and effectiveness of supervision, achieve the centralized and uniform supervision over the operating State-owned assets, and comprehensively fulfill the responsibility for the preservation and appreciation of the State-owned assets.
-- Dramatically enhance the State-owned capital allocation efficiency, keep optimizing and effectively give the dominant role of the State-owned economic structure, and give full play to the dominant and leading role of the State-owned enterprises in enhancing independent innovation capacity, protecting resources and environment, speeding up transformation and upgrading and fulfilling social responsibilities.
-- Comprehensively intensify the enterprise party building, more improve the anti-corruption and integrity upholding system and work system, more consolidate the legal status of the party organizations of the State-owned enterprises in corporate governance, and give full play to the core political role of such organizations.
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