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China Chengtong held 2021 work conference

Department of Publicity     2021-01-19         

On January 19, China Chengtong held the 2021 Work Conference (the Conference) via video-conferencing in Beijing. The Conference comprehensively summarises the Group’s work in 2020 and the 13th Five Year Plan period, meticulously analyses the current situation, and conscientiously assigns the Group’s key tasks in 2021 and the 14th Five Year period.

1

Li Bing, Director of Capital Operation and Income Management Bureau of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), introduced the general operation status of central SOEs and major achievements attained by state capital operating companies in 2020. Li fully confirmed China Chengtong’s accomplishments as a state capital operating company and put forward requirements for its further development.

2

Li Bing pointed out that China Chengtong has witnessed a dramatic change in the past five years’ pilot work as a state capital operating company in terms of the company’s business scale and quality of development. China Chengtong has achieved many remarkable results in key areas, which fully demonstrates the unique function of state capital operating company. The company registered the best-ever operation performance in history in 2020 and concluded the 13th Five Year period with a great ending. China Chengtong should focus on the following six aspects in its future growth. First, the company should always make full use of its role as a state capital operating company to implement major reform tasks and promote structural reform. Second, the company should well regulate fund investment activities and improve the efficiency of capital operation. Third, the company should improve received equity’s operation and enhance its ability to serve central SOEs. Fourth, the company should enhance its assets management skills and advance the pace in dealing with non-performing assets’ disposal work. Fifth, the company should improve its operation skills to effectively prevent financial risks. Sixth, the company should deepen internal reform and make exploration in systematic innovation. Li hoped that with the SOEs’ Three Year Reform Action Plan as a great opportunity, China Chengtong continues deepening reform of state capital operating company and promoting quality-oriented development, by which China Chengtong could make a great start in the 14th Five Year Period and aim for new achievements with enhanced performances.

5

Zhu Bixin, China Chengtong’s Secretary of the CPC Committee and Chairman, delivered a report themed Remain True To Our Original Aspiration and Bear The Mission and Seize The Opportunity Of The Times To Open A New Chapter Of Development; Strive To Achieve High-Quality Development In The 14th Five-Year Plan Period. Zhu summarised the Group’s work over the 13th Five Year Plan period, meticulously analysed the current domestic and foreign situation, and put forward strategic goals and key tasks for the Group in the 14th Five Year Plan period. Zhu stressed that China Chengtong should remain true to its original aspiration and seize the valuable development opportunities to open a new chapter of high-quality development in the 14th Five-Year Plan period.

Zhu said that in the past five years, China Chengtong has made significant progress in quality-oriented development under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core and the guidance of SASAC. China Chengtong has always put learning the guiding principles of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as its first priority and stuck to the Party’s overall leadership. China Chengtong takes the initiative in implementing national strategies, in establishing structures and mechanism supporting capital operation that centres on the company’s position as a market-driven professional state capital operation platform, and in making full use of this platform’s advantages. In the past five years, China Chengtong has undergone tremendous changes and made significant achievements in capital operation pilot work. The company’s ability to serve the state capital and SOEs, performance in holding business operation, and Party building work has all been enhanced.

Zhu underlined that China Chengtong has gained extremely valuable experience from the past five years’ operation. China Chengtong sticks to the Party’s leadership, which is how the company is committed to its original aspiration; China Chengtong bravely shoulders arduous tasks to demonstrate central SOE’s social responsibility; China Chengtong focuses on reform and innovation to keep the company’s inexhaustible force for development; by respecting the market rules and seeking professional advices, China Chengtong grows stronger over the years; China Chengtong is devoted to quality-oriented development and keeps a vigilant watch on risk control, which is the enteral theme for the company’s development.

Zhu stated that ushering into the 14th Five Year Plan Period, China Chengtong should be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and thoroughly studies and implements the guiding principles of General Secretary Xi Jinping on the reform and development of Central State-owned Enterprises and Party building work. Based on the new development stage, China Chengtong will implement the new development concept and build a new development paradigm. With seeking progress while maintaining stability as the basis, China Chengtong takes promoting high-quality development as its main task, reform and innovation as the fundamental driving force, and building a first-class capital operation company with international competitiveness as the direction. China Chengtong will comprehensively implement the strategic goal and business goal set for the 14th Five Year period, featuring strengthened Party leadership, improved reform work, more focused main business areas, optimised holding operation, and tight risk control, aiming at writing a new chapter of the Group’s high-quality development in the 14th Five Year period. China Chengtong should strengthen the Party’s overall leadership to lead the high-quality development of capital operation; deepen the reform to plan for the high-quality development; take advantage of the current situation to play a greater role in building a new development paradigm; reform and innovate to promote the high-quality development of the holding operation industry; and adhere to the bottom line thinking and prevent and resolve major risks.

4

Li Hongfeng, China Chengtong’s Vice Secretary of the CPC Committee and President, made a work report entitled Enhance Quality and Efficiency and Create A Safe Development Environment To Ensure the Group’s Smooth Growth. Li stated that 2020 was a truly extraordinary time in the course of the Group’s development. China Chengtong resolutely implemented the decisions and plans of the CPC Central Committee, the State Council and the SASAC, and coordinated the work of epidemic prevention and control, reform and development. The Group has made hard-won achievements through hardships and dedicated work. In general, the Group did well in epidemic prevention work; made full use of its resources to improve efficiency and greatly increased its performance against the trend; made unremitting exploration and innovation and achieved remarkable results in reform; paid close attention to improving quality and efficiency and achieved preliminary results; prevented and resolved risks and developed steadily; the Party’s leadership and Party building were strengthened in fighting against the pandemic.

Li Hongfeng underlined that in 2021, China Chengtong should be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and thoroughly studies and implements the guiding principles of the 19th CPC National Congress, the Second, the Third, the Fourth and the Fifth Plenary Sessions of the 19th CPC Central Committee, the Central Economic Work Conference and the Conference for the Head of Central State-owned Enterprises. By advancing SOEs’ Three Year Reform Action Plan and making full use of state capital operating company’s advantages against the backdrop of the new development paradigm, China Chengtong strives to enhance its quality and efficiency and build a safe development environment to ensure the Group’s smooth growth and a good start for the 14th Five Year period.

 Li Hongfeng pointed out that in 2021, China Chengtong should focus its work on the following six facets: first, fully understand the new development stage and implement the guiding principles of the Fifth Plenary Sessions of the 19th CPC Central Committee; second, implement the new development concept and make quality and efficiency top priority in its development; third, build the new development paradigm and make use of operating company’s edge; fourth, vigorously promote the SOEs’ Three Year Reform Action Plan and deepen the Group’s full-fledged reform; fifth, enhance risk prevention ability to contribute to the Group’s safety-based development; sixth, strengthen the overall leadership of the Party.

The Group stressed that COVID-19 prevention and control is the foundation for doing well this year’s work. The Group’s enterprises at all levels should pay close attention to ‘preventing foreign country imported cases and reoccurrence of uncontrolled domestic case spread’. All companies should thoroughly implement the epidemic prevention requirements of the local government, and resolutely prevent the occurrence of cases in the Group. In the meantime, the Group should continue to do a good job in epidemic prevention and control in overseas units, and maintain the stability of overseas staff team.

3

In the Conference, Shan Zhongli, China Chengtong’s Vice Secretary of the CPC Committee read decisions on awarding the 18th Session China Chengtong Stars, and companies and individuals who have made outstanding contributions in 2020.

The Conference calls for all China Chengtong members to unite more closely around the CPC Central Committee with Comrade Xi Jinping as the core. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, China Chengtong will continue to deepen reform and forge ahead to strive for high-quality development in the 14th Five Year Plan period, and present to the 100th anniversary of the founding of the Communist Party of China with outstanding operation achievements.

Kuang Yongsheng and Fengshu from the SASAC’s Capital Operation and Income Management Bureau; Li Xing from the 5th Bureau of Enterprise Audit of the National Audit Office; the Group’s Outside Directors Cao Yuanzheng, Zhai Aicai, Zhao Shuxian and Jiang Shangjun, and China Chengtong’s Li Yousheng, Tong Laiming, Xiang Hong, Zhang Xianghong, Zhu Yue, Chen Yong attended the Conference. About 1100 people, including the Group’s President-Assistant level leaders, heads and deputy heads of the Group’s headquarters’ departments, the Group’s dispatched directors, invested companies’ leadership, and all personnel from the Group’s headquarters, attended the Conference in the main venue or 162 real-time video sub-venues.

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