Activate the new momentum of high-quality development of central enterprises with new quality productivity
From the phenomenal explosion of ChatGPT last year to the emergence of SORA this year, multimodal large models are becoming more and more mature, and the rapid development of digital technology represented by AIGC (artificial intelligence generated content) is a microcosm of the formation of new quality productivity. Since the "new quality productive forces" were first put forward in September last year, how to understand its connotation, grasp its essence, and accelerate the development of new quality productive forces has become an inevitable choice for China to achieve sustained development and breakthroughs in the face of a grim and complex external situation. As the pillars of China's economic and social development, state-owned central enterprises need to accelerate the layout and cultivation of new quality productivity, so as to release new impetus for high-quality economic and social development. * Zhang Yuzhuo, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission, said at the first "ministerial channel" of the second session of the 14th National People's Congress on March 5 that to accelerate the development of new quality productivity, we must put innovation in a prominent position, and innovation and quality are the top priorities. Talking about how to accelerate the development of new quality productivity in the future, Zhang Yuzhuo summarized it with "source", "promotion" and "state", that is, the source of technology, industrial upgrading, and industrial ecology. Shouldering heavy responsibilities State-owned central enterprises play the role of the main force"New" and "qualitative" are the key to distinguishing the new quality productivity from the traditional productive forces. How to develop new quality productivity?The first economic work conference held at the end of last year clearly pointed out that it is necessary to promote industrial innovation with scientific and technological innovation, especially to promote new industries, new models and new kinetic energy with disruptive technologies and cutting-edge technologies, and develop new quality productivity. Yuan Lei, deputy director of the Institute of Economics of the Chinese Academy of Social Sciences, said in an interview with the reporter that the "14th Five-Year Plan" period is a critical period for China to cross the middle-income trap, and the key is to realize the transformation of the economic growth momentum mechanism and achieve high-quality development with the improvement of total factor productivity as the core symbol. To this end, China must optimize and adjust the industrial structure, lead the construction of a modern industrial system with scientific and technological innovation, and improve the quality and efficiency of economic development. From the perspective of China's innovation system, the first enterprise has an important and special status. **According to data from the State-owned Assets Supervision and Administration Commission, in 2023, the national R&D expenditure will exceed 33 trillion yuan, of which 1,066 billion yuan is ** enterprises, close to 1 3 in the countryIf calculated in terms of added value, the national R&D investment intensity is 264% and 10% for enterprises2%。From a long-term perspective, from 2012 to 2023, the cumulative investment in R&D by ** enterprises exceeded 83 trillion yuan, becoming a veritable "main force". The enterprise has strong innovation ability, innovation strength and organizational platform advantages. At the end of last year, the meeting of the heads of enterprises further put forward the requirements of "focusing on improving innovation ability and value creation ability", indicating that innovation ability has become the irreplaceable core competitiveness of state-owned enterprises, and enterprises need to play a greater role in innovation leadership. The relevant person in charge of CIIC Management Consulting said that since the key to new quality productivity lies in scientific and technological innovation, in the next step, enterprises should pay more attention to scientific and technological innovation, focus on the development of new quality productivity, and strengthen their scientific and technological innovation layout and basic research innovation system construction. * Wang Jiang, senior economist of the SASAC Research Center, said in an interview with the reporter that in the future, state-owned enterprises should continue to optimize the asset structure, continuously realize comprehensive innovation such as organizational innovation, mechanism innovation, management innovation, and business model innovation, further integrate scientific and technological innovation resources, shape unique competitive advantages, actively develop and cultivate strategic emerging industries and future industries, continue to enhance value creation capabilities, accelerate the realization of China's scientific and technological self-reliance and self-reliance, and become the vanguard of comprehensive construction of Chinese-style modernization with high-quality development. The "future" has come, and the two major industries have become the main positionsThe key to the development of new quality productive forces lies in scientific and technological innovation, and the direction is industrial upgrading. Zhang Yuzhuo pointed out that on the one hand, first-class enterprises should use new technologies to transform traditional industries, carry out high-end, intelligent and green transformation, and improve the efficiency of traditional industries. On the other hand, in industrial upgrading, we must put strategic emerging industries and future industries in a prominent position. In this context, since last year, the State-owned Assets Supervision and Administration Commission (SASAC) has launched the implementation of the strategic emerging industry rejuvenation action and the future industry sailing action around the new generation of mobile communications, artificial intelligence, biotechnology, new materials and other strategic emerging industries, and future industries such as future information, clarifying the focus and direction of development, and refining the task objectives and paths. Focusing on new industries, new models and new momentum, the investment in strategic emerging industries of ** enterprises will be completed in 20232 trillion yuan, a year-on-year increase of 321%, accounting for 35% of the total investment2%, increasing the layout efforts. Zhang Yuzhuo emphasized that by 2025, the proportion of the revenue of strategic emerging industries of ** enterprises should reach 35%, and the layout should be made in advance in terms of brain-like intelligence, quantum information, and controllable nuclear fusion. "Strategic emerging industries are both related and different from the industries of the future. Liu Xingguo, a special senior researcher at the China Enterprise Confederation, told reporters that the difference is that strategic emerging industries refer to industries that have a foundation for development, are of strategic importance, and need to be strengthened; Future industries tend to be developed in the future, but are still in the research and gestation stage. Those future industries with good market prospects or strategic importance in the future are expected to become new strategic emerging industries. Judging from the work deployment of state-owned central enterprises this year, in terms of accelerating the layout and development of new quality productivity, Yuan Ye, deputy director of the State-owned Assets Supervision and Administration Commission, once described it as "a very important task". Among them, in terms of strategic emerging industries and future industries, Yuan Ye emphasized that he will improve the promotion mechanism, optimize the support policies, and gather the strength of the whole system to persevere and go all out for development. Specifically, it includes planning and promoting a number of major projects, selecting "100 projects" of strategic emerging industries, building a number of strategic emerging industrial clusters, implementing special actions such as "artificial intelligence AI+", and stepping up the formation of landmark achievements in key areas such as biology, new materials, and new energy vehicles; Accelerate the development of the industry with technological breakthroughs, accelerate the cultivation of sailing enterprises, leading enterprises, and unicorn enterprises, and form landmark products in the fields of brain-like intelligence, quantum information, deep earth and deep sea, and laser manufacturing; Systematically build a new industrial ecology, innovate the cooperation model of large and medium-sized enterprises with first-class enterprises, local governments and various types of ownership, strengthen cross-enterprise and cross-field collaboration, jointly build an industrial ecology with efficient coordination and benign development, accelerate the implementation of strategic emerging industries, and effectively promote industrial innovation with scientific and technological innovation, so as to better play the leading role of state-owned central enterprises in accelerating the formation of new quality productivity and enhancing new momentum for development. Yang Jie, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chairman of China Mobile, said that with the in-depth development of a new round of scientific and technological revolution and industrial transformation, data has become a new factor of production, computing power has become a new basic energy, and artificial intelligence has become a new production tool, which together constitute an important driving factor for new quality productivity and bring broad space for the development of the information service industry. In the next step, China Mobile will take the initiative to grasp the trend of the "AI+" era, promote the extension and expansion of "5G+" to "AI+", and open up a new path for transformation and upgrading with all-round, systematic and in-depth integration and innovation. The relevant person in charge of China Minmetals Group told the reporter that in the future, China Minmetals will stick to the foundation of the real economy, grasp the key to new quality productivity, make efforts at both the traditional and emerging ends, and improve the gold content and new content of industrial development. On the one hand, traditional industries should transform to new technologies, new formats and new models, focusing on strengthening the foundation for transformation and upgrading in the direction of high-end, intelligent and green, and improving industrial competitiveness through equipment renewal, process upgrading, and digital empowerment; On the other hand, strategic emerging industries should make efforts in the fields of new energy, new materials and new infrastructure, lay out in advance, plan ahead, and focus on seizing the commanding heights in the fields of battery raw materials, cemented carbide, silicon-based materials, materials in special fields, ecological and environmental protection, inspection and testing, etc. The reporter was informed that at present, the first enterprises in the development of strategic emerging industries, to promote scientific and technological innovation, has a clear task and goal, this year the State-owned Assets Supervision and Administration Commission will focus on the implementation of the work. Each has its own focus on the central enterprises to increase the "new" and improve the "quality".For the new quality productivity in which innovation plays a leading role, the characteristics of high technology, high efficiency and high quality are the sharp contrast with the traditional productivity. For example, as a representative of China's advanced productive forces, China's independent nuclear energy brand "Hualong No. 1" has entered the stage of mass production. Xu Pengfei, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and deputy chief engineer of China National Nuclear Corporation, told reporters that the nuclear industry is a high-tech strategic industry and a data-intensive industry. The mass construction of "Hualong No. 1" has made it the most promising nuclear power model to be delivered as a "digital nuclear power plant", which is also the concrete implementation of accelerating the development of new quality productivity. With the mass construction of "Hualong No. 1", it will continue to promote the innovation of nuclear power technology. Green development is the background color of high-quality development, and new quality productivity itself is also green productivity. Jiang Yi, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), secretary of the party group and chairman of China Huadian Group, said in an interview with the reporter that in 2024, focusing on accelerating the formation of new quality productivity, China Huadian will further carry out a new round of deepening and upgrading of state-owned enterprise reform, improve the scientific and technological system and mechanism suitable for green and low-carbon development, and enhance the vitality of enterprises with scientific and technological innovation as the driving force; Accelerate the promotion of key core technologies in the fields of electric power, industrial control, gas turbines, hydrogen energy, etc., and promote the further integration of the innovation chain, industrial chain, capital chain, and talent chain; We will make greater efforts to lay out forward-looking strategic emerging industries, and strive to form a number of high-quality strategic emerging industrial clusters to create new growth poles. Focusing on the goal of building a world-class heavy equipment enterprise, Han Xiaojun, a representative of the National People's Congress, Secretary of the Party Committee and Chairman of SINOMACH Heavy Equipment, told the reporter that in the future, SINOMACH Heavy Equipment will focus on the strategic layout in the fields of high-end equipment such as clean energy, aerospace, advanced metallurgy, petrochemical industry, energy conservation and environmental protection, accelerate the transformation and upgrading of major equipment to high-end, intelligent and green, lead industrial innovation with scientific and technological innovation, promote the integration of talent chain and innovation chain, and deeply integrate digital intelligence and traditional manufacturing industry. Realize the new industry and the new productivity. Including accelerating the development and innovation of emerging fields, increasing the transformation and industrial application of R&D achievements in emerging business fields such as clean energy, new energy storage, and advanced environmental protection, and striving to run out of "acceleration" in the field of new materials; Focusing on "manufacturing + service", we will build a modern industrial service industry, cultivate characteristic extended businesses such as inspection and testing, logistics and transportation, industrial installation, and operation and maintenance services, accelerate the industrial layout of new tracks, and help improve the construction of a modern industrial system. Zhu Changming, a partner of Sunshine Law Firm and head of the mixed reform center of state-owned enterprises, said in an interview with the reporter that the development of new quality productivity by state-owned central enterprises is a systematic project, which not only involves scientific and technological innovation and industrial innovation, but also forms an institutional mechanism and a new type of production relationship that meets the requirements of the development of new quality productivity through deepening reform. First of all, the development of new quality productivity of state-owned central enterprises needs to strengthen the research of key core technologies, especially to give full play to the role of the length of the industrial chain of state-owned central enterprises and the source of original technology, drive all kinds of subjects in the industrial chain innovation chain, and collaboratively solve key core technical problems. Secondly, state-owned central enterprises should focus on the main business of each independent responsibility, focus on the "three concentrations" of state-owned capital, and make orderly and coordinated efforts in traditional industries, strategic emerging industries, and future industries. Finally, it is necessary to accelerate the construction of an institutional mechanism conducive to the development of new quality productivity, which requires state-owned central enterprises to further deepen the reform in an all-round way, not only to improve the scientific and technological innovation mechanism, but also to focus on building a new development mode, new corporate governance, new operating mechanism, new layout structure of modern new state-owned enterprises, to break through the blocking points that restrict the development of new quality productivity. "Accelerating the development of new quality productivity has become the inevitable way for the development of central enterprises. Liu Xingguo said.
The new quality productivity is the productivity change under the "two-wheel drive".
At this year's National People's Congress and the National People's Congress, "new quality productivity" has become one of the hot topics. 2023 is the first year for the full implementation of the spirit of the 20th National Congress of the Communist Party of China and the beginning of a new journey of building a modern socialist country in an all-round way. The "new quality productivity" was put forward in this year, which is of far-reaching significance. Tian Xuan, deputy to the National People's Congress and deputy dean of the PBC School of Finance of Tsinghua University, told the reporter that from an internal point of view, China's economy will enter the "deep water area" of the transformation of old and new kinetic energy in 2023, and enter the stage of high-quality development from the stage of rapid growth. In order to adapt to the quality of high-quality development stage.
First, the requirement of giving priority to efficiency must change the development mode that relied on a large amount of resource input and high consumption under the traditional conditions of productive forces in the past, and changed from unsustainable to sustainable, and from extensive to intensive. From an external point of view, the global economy is facing the dilemma of high inflation and low growth, geopolitical risks still exist, and the risk of decoupling from China by Western countries led by the United States still exists. "To meet these challenges, we need to look at productivity to find the answers. Tian Xuan said that accelerating the formation of new quality productivity is not only a new thinking for China to deal with current development problems, but also a new idea for the future of global sustainable development. The proposal of new qualitative productivity is timely. The transformation of new technologies has given birth to new development momentum in different fields and brought about changes in various fields. Equal emphasis is placed on the upgrading of traditional industries and the planning of future industriesThe proposal of new quality productivity provides scientific guidance for accelerating scientific and technological innovation and promoting high-quality development in the new era and new journey. Deputy to the National People's Congress and director of the Hong Kong Re-start Alliance, Fen said in an interview with the reporter that the new quality productivity is driven by scientific and technological innovation and technological progress, with emerging technologies such as information technology, digitalization, automation and intelligence as the core of the form of productivity, and its internal requirements and focus lie in "innovation, innovation, wisdom and excellence". Under the guidance of the concept of new quality productivity, the transformation and upgrading of traditional production methods and organizations will be accelerated, and the economic structure will continue to be optimized. "The new quality productivity is not only the upgrading and transformation of traditional industries, but also the cultivation and growth of strategic emerging industries and the forward-looking planning of future industries. Jia Shaoqian, deputy to the National People's Congress, Secretary of the Party Committee and Chairman of Hisense Group Holding Co., Ltd., said in an interview with the reporter that the new quality productivity can effectively promote the high-end, intelligent and green development of traditional industries and improve the current level of productivity development; At the same time, strategic emerging industries such as the new generation of information technology and future industries such as humanoid robots have become the main front for the development of new quality productivity. Jia Shaoqian further analyzed that the key to the formation of new quality productivity is to promote industrial innovation through scientific and technological innovation. Enterprises are the main body of scientific and technological innovation, and it is time to adhere to the guidance of scientific and technological innovation and accelerate the formation of new quality productivity. Hisense will continue to strengthen scientific and technological innovation, and with the attitude of a large enterprise and a forger, it has made new achievements and achievements in high-quality development. Although the new quality productive forces like the "new", they are not tired of the "old". Tian Xuan believes that the development of new quality productive forces requires actively cultivating emerging industries and future industries, but this does not mean the comprehensive negation and abandonment of old kinetic energy and traditional industries. In the process of the development of new quality productive forces, traditional industries still have the demand and space for transformation and upgrading, and the transformation of new and old kinetic energy is a gradual process of first establishing and then breaking. From this point of view, the new quality productivity is the productivity change under the "two-wheel drive". Use financial "combination punch" to stimulate enterprise technological innovationGiving full play to the role of finance as an "accelerator" and "lubricant" and increasing financial support for scientific and technological innovation is an important part of helping to develop new quality productivity. Tian Xuan said that the new quality of productivity is based on innovation, and to use financial power to activate innovation momentum, it is necessary to use a complete set of "combination punches" to stimulate enterprise technological innovation. He further explained that from an objective point of view, China's current financial supply structure is still dominated by indirect financing, showing problems such as insufficient service scientific and technological innovation efficiency and many blockages and bottlenecks, and the institutional mechanism of financial service scientific and technological innovation still needs to be further optimized and improved. First, a stable, continuous and accurate investment and financing ecosystem can be created from the policy supply side. second, continue to improve the construction of a multi-level market system; Third, we need to support the cultivation of a more active venture capital market. At the same time, it is necessary to optimize the indirect financing mechanism. Vigorously promote the establishment of the social credit system, strengthen credit regulation, establish regulatory mechanisms for ex-ante credit pledges, in-process credit hierarchical and categorical regulation, and ex-post credit punishments, to fundamentally resolve the problem of difficult and expensive financing for small and medium-sized enterprises caused by asymmetric information between banks and enterprises, and imperfect credit mechanisms. Commercial banks should strengthen their own product innovation, combine the development characteristics of new economy enterprises, and carry out hierarchical and differentiated design in terms of credit, term, quota and mode according to the development stage of science and technology enterprises, and continuously innovate and enrich the credit product system to support new economy enterprises. In addition, it is necessary to strengthen the reform of the market-oriented mechanism of bonds. We will increase credit enhancement support for micro, small and medium-sized enterprises, simplify the issuance and registration process, and support more technology-based enterprises to obtain continuous medium and long-term financing through the issuance of bonds. Innovate bond financing tools, enrich and diversify bond financing products, promote the development of high-yield bond markets, accelerate the development of assets, and focus on supporting bond financing for small, medium and micro enterprises with scientific and technological innovation.
It is the right time to speed up the development of new productive forces and make efforts in the capital market
On March 5, Premier Li Qiang proposed in his work report that he would vigorously promote the construction of a modern industrial system and accelerate the development of new quality productivity. China's economy has shifted to a stage of high-quality development, and the development of new quality productivity is an intrinsic requirement and an important focus to promote high-quality development. Recently, all localities and departments have accelerated the drawing of a "road map" for the development of new quality productive forces and accumulated new momentum for development. The author believes that it is the right time for the capital market to accelerate the development of new quality productive forces. First of all, it is necessary to give full play to the financing function of the capital market and guide the financial resources to be accurately matched with relevant enterprises. On the one hand, the capital market should anchor the fundamental task of serving the real economy, give full play to the function of direct financing, and promote the acceleration of the gathering of various financial resources in the field of scientific and technological innovation. This is in line with the development of new quality productive forces. Because the formation of new quality productive forces is inseparable from the development and growth of strategic emerging industries and future industries. From the perspective of the capital market, the Science and Technology Innovation Board, the Growth Enterprise Market and the Beijing ** Stock Exchange are the main positions for cultivating new quality productivity: the Science and Technology Innovation Board focuses on supporting high-tech industries and strategic emerging industries such as a new generation of information technology, high-end equipment, new materials, new energy, energy conservation and environmental protection, and biomedicine; The GEM mainly serves growth-oriented innovative and entrepreneurial enterprises, highlights the theme of "innovation, creativity and creativity", supports the deep integration of traditional industries with new technologies, new industries, new formats and new models, and accelerates the formation of a highland for the development of strategic emerging industries. The positioning of the Beijing Stock Exchange is mainly to serve innovative small and medium-sized enterprises. Therefore, it is necessary to give full play to the traction role of the capital market, open up the "last mile" of financing for relevant enterprises, effectively promote the formation of innovative capital, and fully activate the market momentum. Of course, in this process, all parties must consolidate their respective responsibilities, resolutely control the "entrance gate" of the capital market, and tighten the "safety valve". On the other hand, the refinancing market provides a convenient channel for the development of new quality productivity. We have seen that for a period of time, relevant listed companies have issued refinancing plans, so that scientific and technological innovation in the field of cutting-edge technology has obtained key financial support from the capital market, providing a strong guarantee for the company to expand its production scale and break through the bottleneck of innovation and development. Secondly, relevant enterprises can achieve bigger and stronger through mergers and acquisitions. At present, the policy environment for mergers and acquisitions is more optimized, and through market-oriented mergers and acquisitions, enterprises in the industrial chain can be linked, give full play to synergies, promote win-win development, improve quality and efficiency, become better and stronger, and achieve the effect of "1+1 2". Therefore, relevant enterprises should make good use of the tools of mergers and acquisitions, seize the opportunity to inject high-quality assets, clear inefficient production capacity, realize the optimal allocation of innovation resources, enhance innovation ability and professional ability, enhance core competitiveness, and promote the development of new quality productivity. Regulators are moving forward. The China Securities Regulatory Commission recently held a symposium on supporting the mergers and acquisitions of listed companies, and proposed to support the mergers and acquisitions of "two innovation" companies in the same industry or upstream and downstream, and high-quality targets with synergistic effects with the main business, and enhance the "hard technology" and "three innovation and four new" attributes of listed companies. In short, the capital market has a lot to do to develop new quality productivity and empower high-quality development. Relevant listed companies should cultivate their "internal strength", enhance their innovation strength, hand in the answer sheet for high-quality development, contribute a steady stream of new kinetic energy to the sustainable development of themselves and the industry, and promote the accelerated formation of new quality productivity.
* |Station cool Hailuo production |Zhou Wenrui