Recently, many state-owned asset management commissions have held work meetings for the first half of 2025, summarizing the work of state-owned assets and enterprises in the first half of the year, and studying and deploying key tasks for the next stage. At the end of this round of deepening and upgrading of state-owned enterprise reform, many local state-owned assets supervision and administration commissions have made stabilizing growth and expanding investment the focus of work in the second half of the year. At the same time, taking the preparation of the "15th Five Year Plan" as an opportunity, they have laid out new quality productive forces and promoted high-quality development. In the first half of the year, state-owned enterprises in multiple regions achieved "double over half", and the main economic indicators of state-owned enterprises regulated in Sichuan, Hubei, Shaanxi, Shandong, Jiangxi, Heilongjiang and other regions achieved "over half time and over half task". The operation of the state-owned economy showed a trend of stabilization, recovery or high-level growth. The growth rate of asset scale, revenue, profit and other indicators of Hubei Province's enterprises ranks among the top in the country and the first in the central region; Shandong provincial enterprises completed project investments of 101.5 billion yuan in the first five months, and their main business indicators are among the top in the country; The asset liability ratio of state-owned enterprises in Qinghai Province from January to May was 54%, which is 11.9 percentage points lower than that of national state-owned enterprises, indicating outstanding profit stability; The operating cash collection rate of enterprises under the jurisdiction of Heilongjiang Province has reached 158.8%, and the effectiveness of cash flow management is significant; In the first half of the year, the revenue of Hainan provincial enterprises increased by 44.6% year on year, and the amount of fixed assets investment in the first half of the year increased by 45.76% year on year. For the operation work in the second half of the year, stabilizing growth and expanding investment have become key tasks deployed by many local state-owned assets commissions. The State owned Assets Supervision and Administration Commission of Hubei Province proposed to make every effort to stabilize growth, adhere to quarterly scheduling and monthly supervision, and ensure the successful completion of annual business goals and tasks through assessment guidance, expanding effective investment, and seeking policy support. To improve quality and efficiency, tap into potential, coordinate internal and external resources, focus on operational efficiency, growth potential, and value enhancement, grasp key links in production and operation, and effectively improve operational quality and efficiency. The State owned Assets Supervision and Administration Commission of Shanxi Province proposed to further increase the breadth and depth of economic operation analysis, establish and improve the enterprise benchmarking mechanism, and carry out benchmarking by enterprise, industry, and sector. At the same time, we will continue to carry out cost benchmarking and pressure reduction, increase internal reform efforts, start from improving cost, technology, and market competitiveness, and actively adopt stronger cost reduction and efficiency improvement measures. At present, strategic emerging industries have become a new driving force for the growth of state-owned enterprises. Since the beginning of this year, Sichuan has deeply implemented the action plan to enhance the six advantageous industries of state-owned enterprises and the action plan to cultivate strategic emerging industries of provincial enterprises. Provincial regulatory enterprises have increased their investments in the six advantageous industries and strategic emerging industries by 55.2% and 73% respectively year-on-year. The State owned Assets Supervision and Administration Commission of Sichuan Province requires accelerating the optimization of industrial layout and structural adjustment, further strengthening the management of main responsibilities and main businesses, seizing major strategic opportunities, accelerating the transformation and upgrading of traditional industries, intensifying the layout of new and future industries, and resolutely strengthening and optimizing state-owned capital and state-owned enterprises. Since the deepening and upgrading of the reform of state-owned enterprises in this round, the revenue of strategic emerging industries managed by enterprises in Beijing has reached nearly 1.8 trillion yuan, accounting for more than one-third of the total revenue. According to the latest deployment of the Beijing Municipal State owned Assets Supervision and Administration Commission, in the second half of the year, we will promote the deep integration of scientific and technological innovation and industrial innovation, increase the efforts to implement and transform scientific and technological achievements in Beijing, actively cultivate and develop high-precision and cutting-edge industries and future industries, promote the transformation of traditional industries into high-end, intelligent and green industries, and increase cooperation between municipal enterprises and various districts. This year marks the end of the current round of deepening and enhancing the reform of state-owned enterprises to build future core competitiveness. According to statistics from the State owned Assets Supervision and Administration Commission of the State Council, as of the end of June, the average completion rate of local key tasks has exceeded 90%. In the second half of the year, completing the remaining reform tasks with high quality has become a key task for the State owned Assets Supervision and Administration Commission in various regions. Since the beginning of this year, the State owned Assets Supervision and Administration Commission of Shandong Province has revised the model articles of association for provincial enterprises, improved the guidelines for the performance of external directors in provincial enterprises, conducted an evaluation of the effectiveness of three institutional reforms, and promoted the further improvement of corporate governance level in provincial enterprises. Next, the State owned Assets Supervision and Administration Commission of Shandong Province will continue to compare the division of labor in the action plan for deepening and improving state-owned enterprise reform, analyze and judge each item, strengthen supervision of the implementation of provincial enterprises, identify and fill in gaps, consolidate and improve, and strive to achieve high standards in the final battle of deepening and improving state-owned enterprise reform. The State owned Assets Supervision and Administration Commission of Shaanxi Province proposed that the entire province's state-owned assets system should coordinate and link up in deepening reform, industrial development, and strengthening supervision, focusing on key areas and key links such as scientific and technological innovation, strategic emerging industry cultivation, and market-oriented reform, to ensure that the action of deepening and improving state-owned enterprise reform has progress in quantity and effectiveness in quality. It is reported that many state-owned asset management commissions have initiated preliminary research work for the formulation of the "15th Five Year Plan". The State owned Assets Supervision and Administration Commission of the State Council stated at a recent seminar for the heads of local state-owned assets supervision and administration commissions that it is necessary to take the preparation and implementation of the "15th Five Year Plan" as an opportunity to guide and promote local state-owned enterprises to always adhere to strategic orientation and long-term orientation, and to cultivate and strengthen new quality productive forces to build future core competitiveness. According to the relevant deployment of the State owned Assets Supervision and Administration Commission of the State Council, in the next stage, local state-owned enterprises should enhance the primary driving force of scientific and technological innovation, highlight the key core technology research and development, the transformation and application of scientific and technological achievements, and the improvement of scientific and technological innovation capabilities. We need to accelerate the construction of a modern industrial system, do a good job in the transformation and upgrading of traditional industries, the layout of strategic emerging industries, and the construction of industrial investment and financing systems, and vigorously cultivate more emerging pillar industries that lead industrial upgrading. We need to strengthen the overall promotion of the development of new quality productive forces, focus on exploring effective ways for investors to promote technological and industrial innovation, and create a good atmosphere that encourages innovation, tolerates failure, and allows trial and error. (New Society)