Exert Advantage of State-owned Assets Platform to Enhance State-owned Capital! Li Qiang Visits SIG

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On July 10, Li Qiang, Secretary of the CPC Shanghai Municipal Committee, visited Shanghai International Group (SIG) for a survey on deepening the reform of state-owned assets and enterprises and strengthening the Party building of state-owned enterprises. He noted that state-owned enterprises are the important material foundation and political foundation of socialism with Chinese characteristics, requiring that SIG should implement the spirit of General Secretary Xi Jinping's important speech on the reform and development of state-owned assets and enterprises, carry out education with the theme "Staying true to the mission", make clear targets and direction, enhance responsibility, conduct persistent reform and innovation, further give play to its advantage as a state-owned assets platform with marketization,professionalism and internationalization as orientation, enhance state-owned capital, comprehensively strengthen the Party building of state-owned enterprises, and make greater contributions to better serving the implementation of national strategies, improving the city level of Shanghai and enhancing the core competitiveness of Shanghai.

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Promote the development of municipal financial institutions, strengthen the prospective deployment of fin-tech

In recent years, SIG has promoted the orderly flow, strategic restructuring and optimal deployment of state-owned assets, initiatively served the development of Shanghai International Financial Center, and formed four business sectors: state-owned capital operation, financial equity investment, financial factor market and equity fund investment. Li visited SIG Exhibition Marking the 40th Anniversary of Reform and Opening-up, and hosted a meeting to listen to SIG's work report.

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Li noted that SIG should further give play to its advantage as a state-owned assets platform, perfect the state-owned assets management system, optimize the layout of state-owned capital, enhance state-owned capital, and make greater contributions to the economic and social development of Shanghai; should conduct new exploration in deepening the reform of state-owned assets and enterprises, take the reform of the platform company as the fulcrum, and give better play to the principal role of equity investment and capital operation; should continue to intensify the market-oriented reform, and advance exploration in such aspects as mixed ownership reform and the professional manager system; should make new achievements in serving major national strategies, promote the development of municipal financial institutions and build local financial enterprises matching Shanghai's status as an international financial center; should pay close attention to emerging financial fields and strengthen the prospective deployment of fin-tech; should grasp the major opportunity of setting up the Science & Technology Innovation Board, and make all-out efforts to intensify the cultivation of technology innovation enterprises; should give play to the role of the Collaborative Advange Industry Fund in the Yangtze River Delta, jointly cultivate superior industries in the Yangtze River Delta, promote the deep integration and collaborative innovation of the industry chain in the Yangtze River Delta, and speed up the formation of a future-oriented global superior industry cluster.

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The core of state-owned enterprise development is adhering to Party leadership and strengthening Party building

While listening to the report on carrying out education themed "Staying true to the mission" and strengthening the Party building of state-owned enterprises, Li noted that the core of state-owned enterprise development is adhering to Party leadership and strengthening Party building. State-owned enterprises should learn and comprehend the spirit of General Secretary Xi Jinping's important speech at the National Work Conference on Party Building of State-owned Enterprise, comprehensively implement the requirements of the arrangements of the CPC Central Committee for strengthening and improving the Party's leadership over state-owned enterprises and the Party building of state-owned enterprises, integrate the Party's leadership into corporate governance, give full play to the leading role of Party organizations, the role of Boards of Directors in decision making and the management role of managers, and practically strengthen the  grass-roots Party organizations building of state-owned enterprises. As the Party's backbone in economic fields, leaders of state-owned enterprises should stay loyal to the Party, make innovation boldly, govern enterprises properly, promote enterprise development, be honest and upright, and lead staff and workers in constantly creating new prospects for corporate development.

Municipal leaders, including Chen Yin and Zhuge Yujie, participated in the survey.

 

 

 

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