beijing, aug. 9 (xinhua) -- chen biqi the 2019 investment and financing innovation summit for state-owned enterprises (soes) was held in beijing on monday. focusing on "invigorating the vitality of state-owned capital and boosting the high-quality development of state-owned enterprises", many guests at the meeting believed that state-owned capital funds should stick to industrial investment, obey the national strategy, focus on supporting the transformation and upgrading of traditional industries and the innovative development of emerging industries, and promote the high-quality development of state-owned enterprises.
"to build a modern economic system, we need to coordinate the real economy, scientific and technological innovation, modern finance and human resources, and prevent industrial development from turning from reality to reality." ji xiaonan, former chairman of the board of supervisors of key state-owned enterprises under the state council, said that the key to the current restructuring of state-owned capital distribution lies in the importance of capital operation platform construction, and the internet and capital market should be closely integrated operation and management platform.
in recent years, state-owned funds have been widely involved in mergers and acquisitions, equity financing, debt-to-equity swaps and other market hot spots. with the standardized operation mode of "investment, financing, management and withdrawal" and the characteristics of flexibility and efficiency, equity investment fund and industrial fund have gradually become important directions for state-owned enterprises to innovate investment and financing mechanism, tap the potential of social capital and extend the business chain, with the development space expanding continuously.
however, with the deepening of domestic economic restructuring, new regulations on asset management and government investment regulations have been issued successively, the operation and management of emerging industry guidance funds established by the government is facing a new test. pan yong, secretary of the party committee and chairman of china state investment high-tech industry co., ltd., pointed out that the state-owned fund management institutions should firmly establish the concept of "investment for the country", grasp the policy direction and principle, and give full play to the commercial benefits and efficiency. "for the transformation and development of state-funded custodian institutions, first of all, the relationship between policy and business should be properly handled to achieve the effective integration of social and economic benefits; second, we should stick to industrial investment and promote the transformation and upgrading of traditional industries and innovative development of emerging industries. in addition, we should focus on technological innovation, focus on the transformation of scientific and technological achievements, and be cautious about model innovation."
li shilin, director of the global private equity research institute at tsinghua university, reviewed typical cases of private equity funds participating in the reform of state-owned enterprises. he said soe industrial funds are characterized by large scale, focus on strategic investment, pay equal attention to economic and social benefits, long investment period and abundant resources. they should focus on supporting the development of national strategic emerging industries and upgrading and upgrading traditional industries, and participate in the mixed reform of soes and divestments of non-main business assets of central enterprises.
sang junyao, party secretary and chairman of zhejiang state-owned capital management co., ltd., agrees. "the operation of zhejiang state-owned industry fund should focus on the business orientation of 'three services', namely to serve the major strategic services of the provincial party committee and government. to provide strategic investment services for the reform and development of zhejiang state assets; to serve the transformation and upgrading of traditional industries and the cultivation of emerging industries in the province."
the summit is under the guidance of the press center of the state council's state-owned assets supervision and administration commission (sasac), and co-sponsored by state-owned assets report magazine and beijing shougang fund co., ltd. it consists of three parts: keynote speech, keynote speech on "focusing on health care and fulfilling responsibility and mission" and roundtable dialogue on "venture capital 'smart ' enabling new economy".
source: xinhua news agency