Economy

The Industrial Leap of State owned Assets and Central Enterprises Behind the 10 Trillion Yuan Investment

2026-01-29   

At the press conference of the State Council Information Office held on January 28th, the State owned Assets Supervision and Administration Commission of the State Council introduced the operation of state-owned enterprises and central enterprises. A set of data attracted attention: since the 14th Five Year Plan, central enterprises have invested more than 10 trillion yuan in strategic emerging industries, accounting for more than 40% of total investment, up from 22% in the early stage of the 14th Five Year Plan. Industry is the foundation of development. The massive investment of 10 trillion yuan is a microcosm of central enterprises' efforts to promote the transition of the industrial system towards high added value and high-tech content. In recent years, state-owned enterprises have firmly grasped the historical opportunities of the new round of technological revolution and industrial transformation, adhered to the simultaneous transformation of traditional industries and the development of emerging industries, vigorously promoted strategic and specialized restructuring and high-quality mergers and acquisitions, actively and orderly carried out international operations, and significantly accelerated the layout of state-owned economy towards new quality productivity. On the one hand, highlighting the principle of "seeking progress through innovation" and laying out emerging industries. By 2025, central enterprises will complete an investment of 2.5 trillion yuan in strategic emerging industries, accounting for 41.8% of the total investment; The Special Fund for the Development of Strategic Emerging Industries of Central Enterprises has been officially released, with an initial fundraising of 51 billion yuan, effectively leveraging social capital to jointly invest in early, small, long-term, and hard technology. Continuous investment has effectively expanded the development space, and the industrial pattern of central enterprises has increased in "new content" and new development momentum has been enhanced. By 2025, the revenue scale of strategic emerging industries of central enterprises will exceed 12 trillion yuan, achieving a gratifying growth of "1 trillion yuan per year" for three consecutive years. Related enterprises are accelerating their development in fields such as integrated circuits, biotechnology, and new energy vehicles, while their advantages in new generation mobile communications and high-end equipment manufacturing are constantly consolidating. During the 14th Five Year Plan period, we have always regarded the development of emerging industries as a driving and comprehensive task, promoting the improvement and upgrading of key areas, and achieving a series of breakthrough and landmark results. ”Zhang Jianlong, Director of the Science and Technology Innovation Bureau of the State owned Assets Supervision and Administration Commission of the State Council, stated that in 2026, the State owned Assets Supervision and Administration Commission of the State Council will take the opportunity of high-quality formulation and implementation of the "15th Five Year Plan" to continue promoting central enterprises to accelerate the layout of emerging industries and seize the initiative in future competition. According to him, the State owned Assets Supervision and Administration Commission of the State Council is studying and drafting a working document on promoting the cultivation of emerging pillar industries by central enterprises, guiding them to achieve leapfrog development from major project investments, leading enterprise cultivation, breakthroughs in key areas, to overall optimization of the layout of the state-owned economy. On the other hand, we should highlight the trend of "striving for new strength" and upgrade traditional industries. According to the press conference information, in 2025, central enterprises will take the lead in implementing large-scale equipment renewal actions, building 70 outstanding intelligent factories, cultivating 6 leading intelligent factories, and selecting 39 projects for the second batch of national green and low-carbon advanced technology demonstration projects. A number of traditional industries have opened up new development space in the transformation towards high-end, intelligent, and green. It is worth noting that the State owned Assets Supervision and Administration Commission of the State Council has held special meetings for two consecutive years, making every effort to promote the "AI+" special action of central enterprises. Central enterprises focus on key industries such as energy, manufacturing, and communication, and have collaborated with leading enterprises to create over a thousand application scenarios. Artificial intelligence is becoming an important driving force for the transformation and upgrading of traditional industries. Enhancing the resilience of industrial and supply chains is also the main focus of state-owned enterprises. Take the lead in implementing high-quality development actions for key manufacturing industry chains; Focusing on important industries and key areas related to national security and livelihood, such as food security, energy resources, and high-end equipment, and carrying out major projects to strengthen and supplement the supply chain... State owned and state-owned enterprises have taken a series of new actions to effectively maintain the security of China's industrial and supply chains. At present, the global industrial competition pattern is accelerating its restructuring. What new ideas do state-owned enterprises and central enterprises have for optimizing industrial layout in the future? At this press conference, the State owned Assets Supervision and Administration Commission of the State Council (SASAC) set out its main goal: to create a group of emerging pillar industries, strengthen the layout of new energy, new energy vehicles, new materials, aerospace, low altitude economy, quantum technology, 6G and other fields through the creation of market-oriented and specialized state-owned capital operation platforms, plan ahead for new tracks such as embodied intelligence, biomanufacturing, ocean energy, green ships, etc., and build a group of globally competitive industrial clusters. "The key direction of our layout is' three concentrations'. By adjusting the stock structure and optimizing the direction of incremental investment, we will help to enhance the integrity, progressiveness and security of China's industrial system. ”Pang Xiaogang, Deputy Director of the State owned Assets Supervision and Administration Commission of the State Council, stated that in the next step, the commission will guide and promote central enterprises to adhere to the direction of intelligence, greenness, and integration, better leverage their own advantages, and focus on building a modern industrial system that is independent, controllable, safe, reliable, and highly competitive. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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