april 30, the press conference of “research Atlas of global industrial leading enterprises (2022)” sponsored by the Institute of global industry research of Tsinghua University and co sponsored by China Society of Industrial Cooperative Economics and Shanghai Securities News was held in Beijing . Peng Kaiping, Dean of the school of Social Sciences of Tsinghua University and President of the Global Industry Research Institute, delivered a speech as the sponsor, Zhang Ji, President of China Society of Industrial Cooperative Economics, and ye Guobiao, Secretary of the Party committee and chairman of Shanghai Securities newspaper and chairman of China Financial Information Center, made a guest speech.
seven maps outline the panorama of China’s leading enterprises
He Zhiyi, chief expert of the Institute of global industry of Tsinghua University, introduced in detail the distribution map of global industrial leading enterprises, the map of China’s industrial leading enterprises, the comparison map of China US industrial leading enterprises, the distribution map of China US high market value enterprises, the comparison map of major indicators of China US industry, the comprehensive comparison coefficient map of China US industry and the global distribution map of Chinese listed companies etc.
The seven maps released this time contain 20903 pieces of data and information, which makes a panoramic analysis of the situation of Chinese industry under the global pattern. It has the characteristics of globalization, whole industry and big data. It provides an innovative research method and perspective for global industrial analysis and Sino US industrial comparison, and can be widely used in the fields of industrial policy research, strategic planning, investment layout, resource allocation, scientific research and teaching.
The pillar of the national economy is the industry, and the pillar of the industry is the leading enterprises. This press conference focuses on 632 leading enterprises in 158 industries around the world and 584 leading enterprises in 150 industries in China. These enterprises can be vividly compared to the award-winning enterprises in the global industrial Olympic Games and the Chinese industrial National Games. The results show that China ranks second in the world in the comprehensive competition of global industriesP align = “center” Data proportion of China’s leading enterprises
In terms of the industrial development gap between China and the United States, he Zhiyi said that according to the calculation of his team, the comprehensive industrial comparison coefficient of the whole industry of Listed Companies in China and the United States is 0.46 Among the 11 primary industries classified by GICs, the industrial comprehensive comparison coefficient is: real estate industry 1.93; Raw material industry 1.74; Industrial 0.89; Energy industry 0.64; Financial industry 63.0; Utilities 0.58; Non daily consumption industry 0.50; Daily consumption industry 0.47; Communication industry 0.34; Information technology industry 0.27; Health care industry 0.23.
In this regard, he Zhiyi said that in the global industrial pattern, China’s industrial position is firmly second, but there is a large gap with the United States. The gap between Japan and China, which is the third largest industry, is also less than the gap between GDP. We should not only have self-confidence, but also face up to our shortcomings and work hard. On the other hand, the number and quality of China’s global industrial leaders do not match the relative position of the country’s GDP, which needs to be greatly improved.
In terms of the capital market boosting the development of high-end industries, hezhiyi expressed the hope that the resources of China’s listed enterprises would better match the national industrial policy resources, improve the industrial structure, and promote the progressiveness and scientific and technological content of China’s industries.
how to break the situation of consumption and information industry
The conference also held two round table forums on the themes of “consumer goods industry” and “digital economy industry”.
The research results released this time show that China, as a “big manufacturing country”, has few players who won “medals” in the “Olympic Games” in the field of global consumer goods industry. At the same time, China’s comprehensive coefficient of consumer goods industry is only at the level of 50% of the United States. Of the 40 Cr4 enterprises (the top four enterprises in the industry in terms of share concentration) in the 10 sub sectors of the daily consumer goods industry, only 3 enterprises in China were shortlisted, including 2 Baijiu enterprises.
Peng Siqing, Professor of Guanghua School of management of Peking University and director of the new market economy and management research center, pointed out that the development status of China’s consumer industry is related to the development stage of Chinese society and Chinese enterprises. China has been in the stage of production leading for a long time, and there is great room for government departments, enterprises and individuals to improve consumption. The United States has long been a consumption led country, with a large number of multinational corporations in the field of consumption. He also put forward suggestions and opinions on how Chinese consumer goods enterprises can get out of market difficulties and build international brands under the epidemic.
Guo Haiyan, managing director of China International Capital Corporation Limited(601995) research department, believes that based on the development experience of Japan and South Korea, when the per capita GDP exceeds US $10000, driven by the rise of domestic products and consumption upgrading, the local consumption industry is expected to usher in great development. At present, Chinese enterprises are also catching up with international brands in the Chinese market, and the inflection point of catching up will soon appear. In this process, Chinese enterprises should use “brand” rather than “OEM” to go to the world.
In the round table of “digital economy industry”, Sun Ke, deputy director of the Institute of policy and economics of the Chinese Academy of information and communications, introduced the development of China’s digital economy and expressed his views on the role of state-owned enterprises and small and medium-sized enterprises in expanding and strengthening China’s digital industry. He pointed out that leading enterprises in China’s digital economy industry should maintain their existing advantages, constantly realize technological innovation, and increase support for small, medium-sized and micro enterprises. Wanning, co-founder of titanium media, reminded some enterprises in China’s digital industry to correctly understand their own survival situation and real gap, clarify market demand and play a more active role.
guest speech
Peng Kaiping, Dean of School of Social Sciences, Tsinghua University: industrial research helps China’s social industry transformation
Peng Kaiping, Dean of the school of Social Sciences of Tsinghua University and President of the Global Industry Research Institute, delivered a speech as the organizer.
Peng Kaiping said that the global industrial research Atlas (2022) is helpful to understand the international status of China’s industry, understand its own shortcomings and advantages, know itself and the enemy, and be invincible in a hundred battles, which is of special significance and contribution.
Peng Kaiping said that the press conference was an academic event of the Institute of global industry of Tsinghua University. Such a research map is not only the crystallization of scholarship, but also the product of feelings. The Global Industry Research Institute of Tsinghua University is a university level Research Institute of Tsinghua University and a senior think tank for industrial research in China.
“We hope to serve China and influence the world. We hope to rely on the academic resources of Tsinghua University and make due contributions to the transformation of China’s social industries and the future industrial development of China’s society.” Peng Kaiping said.
The Global Industry Research Institute of Tsinghua University was established in 2015. The Institute gives full play to the advantages of Tsinghua University’s complete disciplines and dense talents, deeply integrates the cutting-edge scientific research forces and industrial resources inside and outside the University, and is committed to building a first-class, internationally renowned and innovative think tank with Chinese characteristics. Relying on Tsinghua University, build a global platform, form a global team, build a global network, cultivate global talents, and provide intellectual support with high-level research results.
We are committed to building a world-class think tank and action bank to provide reference for the decision-making of the party and the state. At present, the research fields of the Institute include artificial intelligence and practice, aesthetic education engineering, digital transformation, medical and health care, real estate, automobile, new energy, new generation information technology and education technology.
President of the China Industrial Research Association: reference for China’s industrial cooperation in the world
Zhang Ji, President of China Society of Industrial Cooperative Economics, said that the industrial research map can provide reference for national economic policy-making, enterprise development and Chinese enterprises to the world.
Zhang Ji said that the publication of the global industrial research Atlas (2022) by the Global Industrial Research Institute of Tsinghua University is a major event in the economic circle, and he extended warm congratulations on behalf of the China Society of Industrial Cooperative Economics.
Zhang Ji said that at present, China has entered the era of digital economy. Digital economy can be divided into three parts: hardware construction, computing power and data resource.
\u3000\u3000 “The industrial research atlas released by the Global Industry Research Institute of Tsinghua University is to mine and revitalize the existing data. Through seven industrial economic maps, it comprehensively describes the industrial development of China and the world, and gives us a clear view of the geographical relationship between China and the world’s industries, as well as the relationship between China and the world’s industries after China’s reform and opening up. Among them, there are our strengths and weaknesses The board is a great inspiration to the business community and the economic community. ” Zhang Ji said
Ye Guobiao: contributing “strength of Shanghai Securities” to the development of leading enterprises and industrial progress
Ye Guobiao, Secretary of the Party committee and chairman of Shanghai Securities News, said in his speech that as a new think tank in China’s industrial research field, the Global Industry Research Institute of Tsinghua University organized and held this meeting under the complex and changeable international economic situation and announced the latest research results. I believe it will provide inspiration and reference to government departments, industrial departments and relevant enterprises and contribute to our industrial rejuvenation.
Professor He Zhiyi, chief expert of the Global Industry Research Institute of Tsinghua University, and his team’s “China’s industrial structure” project, based on the data of Chinese and American and global listed companies, conducted a comprehensive and comprehensive comparative analysis on the industrial structure, industrial scale, industrial performance, industrial concentration and leading enterprises of China and the United States, especially the comprehensive comparative analysis of industrial leading enterprises, and made a comprehensive comparative analysis on China’s industrial progress The development of enterprises has important reference significance, which helps us to further “clarify the orientation, find the direction, find the method, form the strategy and formulate the policy”.
In the face of the complex international political and economic environment, China accurately recognizes change, makes scientific response and takes the initiative to seek change, and timely puts forward the strategic idea of building a new development pattern dominated by China’s big cycle and mutually promoted by China’s international double cycle. Build a new development pattern. As the main force of China’s economic and social development and the vanguard of high-quality development, industrial leading enterprises shoulder an important mission. They should occupy a leading position in global resource allocation, play a leading role in global industrial technology development, and have a voice and influence in global industrial development; We should take the lead in efficiency, efficiency and quality; We should become a model of practicing the concept of green development, a model of fulfilling social responsibility and a model of global well-known brand image.
Ye Guobiao pointed out that China’s nearly 4800 listed companies are not only “trendsetters” in the capital market, but also “top students” in enterprises. Most of them are also “leading geese” in the industry. They play a leading role in concept change, technological innovation, talent training, standard setting, brand building, business format renewal, industrial progress and other aspects. More power, more duty, the stronger the power, the heavier the responsibility. As a leading enterprise in the industry, shouldering a major mission, it should actively play a leading role in innovation in relevant fields and industries, unite the upstream and downstream of the industry, industry, University and research forces, take the lead in undertaking various scientific and technological innovation plans at all levels, accelerate the breakthrough of key core technologies and industrial cutting-edge technologies, enhance the continuous creativity and achievement transformation ability of intellectual property rights, and continuously improve the leading position of leading enterprises in the industry, Drive the continuous progress and upgrading of relevant industries across the country, and enhance the core competitiveness and sustainable development ability in the global market.
Shanghai Securities Journal was founded by Shanghai Stock Exchange on July 1, 1991 and has been hosted by Xinhua News Agency since 1995. It has not only excellent genes of professionalism and market, but also red genes of politics and authority. Shanghai Securities News is the first national financial daily in New China to provide authoritative professional information on finance and securities. It is also the legal securities market information disclosure media of China Securities Regulatory Commission. It has developed into a diversified and all media organization integrating newspapers, websites, clients, wechat, microblog, audio and video. Over the past 31 years, Shanghai Securities News has been walking in the same boat with China’s capital market, pursuing the organic unity of political morality, journalistic character, professional taste, service quality and first-class brand. It aims to be an interpreter of the authority of the central government, a defender of market order and justice, a staunch watcher of investors’ rights and interests, a reliable communicator of the voice of the industry, and a “quality” all media financial information service organization.
Ye Guobiao said that as an institution directly under Xinhua news agency and an authoritative mainstream media in the capital market, we will explore, innovate and forge ahead with a youthful attitude, a struggling attitude and a state of entrepreneurship, so as to “establish a standardized, transparent, open, dynamic and resilient capital market”, contribute to the development and growth of leading enterprises and the innovation and upgrading of China’s industries “.
Tsinghua University Professor He Zhiyi: there is a big gap between China and the United States in health care and information technology industries
He Zhiyi, chief expert of the Global Industry Research Institute of Tsinghua University, introduced in detail the research results of seven maps such as the distribution map of global industry leading enterprises at this press conference. These seven maps provide a panoramic analysis of the situation of China’s industry under the global pattern. Under the framework of industrial comparison between China and the United States, he Zhiyi said that China’s industrial status ranks second in the global industrial pattern, but there is a large gap with the United States. There is a big gap between China and the United States in the medical care industry and information technology industry.
The pillar of the national economy is the industry, and the pillar of the industry is the leading enterprises. This press conference focuses on 632 leading enterprises in 158 industries around the world and 584 leading enterprises in 150 industries in China. These enterprises can be vividly compared to the award-winning enterprises in the global industrial Olympic Games and the Chinese industrial National Games. The results show that China ranks second in the world in the comprehensive competition of global industries.
He Zhiyi said that according to the calculation of his team, the comprehensive industrial comparison coefficient of the whole industry of Listed Companies in China and the United States is 0.46 Among the 11 primary industries classified by GICs, the industrial comprehensive comparison coefficient is: real estate industry 1.93; Raw material industry 1.74; Industrial 0.89; Energy industry 0.64; Financial industry 63.0; Utilities 0.58; Non daily consumption industry 0.50; Daily consumption industry 0.47; Communication industry 0.34; Information technology industry 0.27; Health care industry 0.23.
“The above data show that China surpasses the United States in real estate and raw materials, and the other nine industries are weaker than the United States. The gap between the medical and health care industry is the largest, followed by the information technology industry.” He Zhiyi said.
The seven maps released this time are the distribution map of global industrial leading enterprises, the map of China’s industrial leading enterprises, the comparison map of China US industrial leading enterprises, the distribution map of China US high market value enterprises, the comparison map of China US industrial main indicators, the comprehensive comparison coefficient map of China US industries and the global distribution map of China’s listed companies.
round table forum I
“manufacturing power” few leading enterprises in the consumer industry? Chinese enterprises should use “brand” instead of “OEM” to go to the world
At the round table forum on consumer goods industry, experts said that the “lack of strength” of China’s consumer industry at this stage is caused by multiple reasons such as the development stage of Chinese society and enterprises. However, referring to the experience of Japan and South Korea, after the per capita GDP exceeds 10000 US dollars, with the rise of national tide and consumption upgrading, the development level of local consumer brands and enterprises will be significantly improved. Chinese enterprises should use “brand” instead of “OEM” to go to the world.
The research results released this time show that China, as a “big manufacturing country”, has few players who won “medals” in the “Olympic Games” in the field of global consumer goods industry. At the same time, China’s comprehensive coefficient of consumer goods industry is at the level of 50% of the United States. Of the 40 Cr4 enterprises (the top four enterprises in the industry in terms of share concentration) in the 10 sub sectors of the daily consumer goods industry, only 3 enterprises in China were shortlisted, including 2 Baijiu enterprises.
“China’s consumer market is huge, and there are many local enterprises who have worked in this field for many years. These research results are far from our daily intuitive feelings.” He Zhiyi raised this question.
Peng Siqing, Professor of Guanghua School of management of Peking University and director of the new market economy and management research center, pointed out that the development status of China’s consumer industry is related to the development stage of Chinese society and Chinese enterprises.
\u3000\u3000 “China has long been a production led society. In the past, under the export-oriented economic model, a large number of consumer goods produced by China were exported abroad, but China’s consumption is relatively frugal as a whole. Generally speaking, there is still much room for the Chinese government, enterprises and individuals to improve their consumption. The United States has long been a consumption led country, and the overall social consumption capacity and consumption proportion are at a high level. Another reason is that there are many Large consumer enterprises in the United States are multinational companies with businesses all over the world. At present, few enterprises in China’s consumer industry have been widely recognized in the international market. ” Peng Siqing said.
Guo Haiyan, managing director of China International Capital Corporation Limited(601995) research department, believes that Chinese consumer enterprises still have room to improve in globalization, branding, scale and leading share at this stage, which makes it impossible or difficult for Chinese enterprises to rank in the top four in the dimension of “global industrial Olympics”.
And how should Chinese consumer enterprises catch up? Participating experts said that drawing on the development experience of Japan and South Korea, China’s consumer industry is in an era of great development opportunities. In this process, enterprises in the consumer industry should actively break through the ceiling and go global in the way of “brand” rather than “OEM”.
Guo Haiyan believes that drawing on the development experience of Japan and South Korea, when the per capita GDP exceeds US $10000, driven by the rise of domestic goods and consumption upgrading, the domestic consumption industry is expected to usher in great development. In this process, Chinese enterprises should use “brand” rather than “OEM” to go to the world.
Peng Siqing suggested that Chinese consumer enterprises should strive to break through the “four ceilings”. The first is to break through the technology ceiling. The upgrading of the consumer industry needs to achieve a breakthrough in technology. The second is to break through the product ceiling. The third is to break through the ceiling of the value chain and promote the integration of Chinese high-quality consumer goods into the global value chain. The fourth is to break through the ceiling of brand perception and create a more influential brand.
round table forum II
how to break the “big but not strong” digital economy? Supplement the short board of the industrial chain and research and development of “back feeding” technology in the domestic demand market
In the round table forum of “digital economy industry”, the participating experts had a wonderful discussion on how to crack the “big but not strong” and “fast but not excellent” of China’s digital economy. Experts at the meeting pointed out that under the bottom line thinking, Chinese information industry enterprises need to strengthen their independent R & D ability, commit to building a complete industrial chain and maintain the bottom line ability of industrial security. Therefore, making up for the industrial weakness is the top priority at present. China’s information industry should recognize the problems and gaps more carefully, make full use of the support of China’s social information environment, and truly realize the two wheel drive of digital industrialization and industrial digitization, which is the opportunity for China’s digital industry enterprises.
The data released in this study shows that the technology gap between the two countries is obvious. The comprehensive industrial comparison coefficient of the whole industry of Listed Companies in China and the United States is 0.46 Among the 11 primary industries classified by GICs, the comprehensive industrial comparison coefficient of Chinese and American listed companies in the information technology industry is only 0.27, which is only slightly higher than 0.23 in the medical and health care industry, ranking the second from the bottom.
He Zhiyi said that among the 13 four level industries of information technology, the United States has six “champions” under the dimension of Cr4 (the top four share concentration in the industry): apple, Microsoft, Cisco, adobe, visa and CDW. In addition, it has capital control over the other four champion enterprises, such as TSMC and asmai. Therefore, except for Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Hon Hai Precision and Murata of Japan, all the other 10 enterprises are controlled by the United States. In addition, there are 89 “champions” and 335 top four enterprises in the “five eye alliance countries”; Accounting for 51% and 53% of the global proportion. In fact, the number of countries and enterprises that the United States can influence will increase, indicating that American enterprises, American capital and enterprises controlled by American strength occupy an absolute leading position in the world.
“In terms of some characteristics reflected in the wave of de globalization and the recent conflict between Russia and Ukraine, the digital industry and information technology industry are not only the basis of the national economy, but also the basis of national security.” He Zhiyi said.
Sun Ke, deputy director of the Institute of policy and economics of the Chinese Academy of communications and communications, said that from a quantitative perspective, the gap between China and the United States in the field of digital economy is not large, but in terms of development quality, the gap between the two countries is obvious in the fields of high-end chips, industrial software and operating systems. Sun Ke also pointed out that in addition to the gap in development quality, another problem is that the huge development gap between small, medium-sized and micro enterprises in China and the United States can not be ignored.
Wan Ning, co-founder of titanium media, has noticed that the gap between the digital economy giants of China and the United States has gradually widened in recent years. On the one hand, the market value gap between the digital economy giants of the two countries has expanded rapidly. On the other hand, some industries in China have “stood still” or even regressed.
In this regard, Sun Ke said that under the bottom line thinking, China’s information industry enterprises need to strengthen their independent R & D ability, commit to building a complete industrial chain and maintain the bottom line ability of industrial security. “China’s digital economy industry has experienced leapfrog development, but it does not mean that there is no need to ‘make up for weaknesses’.” Sun Ke said. At the same time, Sun Ke suggested that we should vigorously support the development of small, medium-sized and micro enterprises and cultivate more “invisible champions”.
Wanning believes that although there is a clear gap between China and the United States in the field of software and hardware in the information industry, we should also pay attention to China’s unique advantages. “Compared with other countries and regions, China has a more perfect social information environment and more complete and popular coverage of mobile people, which makes our industrial digital innovation have some advantages.” Wan Ning said.
Wanning summarized the successful practices of some enterprises as “taking apple as a teacher”, that is, through excellent technical products and with the support of China’s vast consumer market, to realize the development of enterprises, and then bring a multiplier effect to the technological R & D ability of enterprises.
“The world’s unique single market with a population of 1.4 billion can promote the continuous spillover of China’s digital industry and feed back the continuous development of enterprise capacity. If our Chinese digital industry leaders realize these advantages, it may help the development of China’s digital industry.” Wan Ning said.
exclusive interview with he Zhiyi, an expert from Tsinghua University: China should speed up the cultivation of “industrial leaders” in high-end industries
On April 30, the press conference of “global industrial research atlas 2022” hosted by the Global Industrial Research Institute of Tsinghua University was held in Beijing.
He Zhiyi, chief expert of the Global Industry Research Institute of Tsinghua University, released the “Global Industry Research Series atlas 2022” from a global perspective. This is another heavy research achievement of the Global Industry Research Institute of Tsinghua University after the atlas of China’s leading industrial enterprises (2021).
“In the global industrial structure, China’s industrial status ranks second, but there is a large gap with the United States. The gap between Japan and China, which is the third largest industry, is also smaller than the gap between GDP. We should be confident, face up to our shortcomings and strive to be strong. The number and quality of China’s global industrial leaders do not match the relative position of China’s GDP in the world, and need to be greatly improved.” Recently, he Zhiyi said in an exclusive interview with a reporter from Shanghai Securities News.
build a more comprehensive evaluation system for leading enterprises
Shanghai Securities News: what was your original intention to launch the leading enterprise research system
he Zhiyi : the original intention of drawing the map of leading enterprises is to build a more comprehensive and accurate evaluation system of Chinese leading enterprises.
Take Fortune 500 enterprises as an example, this system relies too much on revenue indicators. On the one hand, under this indicator, the listed enterprises are mainly concentrated in large enterprises such as energy, finance and retail. On the other hand, this system does not take into account the impact of market value, net profit and other indicators on enterprise value.
One of the most intuitive feelings is that if we take the Fortune 500 as a reference, the number of China’s top 500 enterprises has surpassed that of the United States for two consecutive years. However, it is well known that some Chinese enterprises have large sales scale but low profit margin and weak competitiveness. This evaluation system is obviously biased.
The foundation of the country is the economy, the pillar of the economy is the industry, and the support of the industry is the leading enterprise. In the context of great changes that have not been seen in a century, we have conducted a panoramic research and Analysis on the situation of China’s industries and industrial leading enterprises under the global pattern from the perspective of globalization, the whole industry and big data. It can be used for the data analysis and comparison of various industries and industrial leading enterprises, as well as the correlation analysis of various groups of data and figures, providing an innovative research method for global industry analysis and Sino US industry analysis Perspectives and conclusions.
This study attempts to make a Chinese voice to the world on behalf of Chinese scholars, participate in the formulation and revision of global industrial system and classification standards, participate in the evaluation and ranking of leading enterprises, and participate in the compilation of industrial leading enterprise index.
Shanghai Securities News: what are the characteristics of the “Global Industrial Research Series 2022” system released this time
he Zhiyi : we take the average annual market value, revenue and profit as the indicators of enterprise ranking, and divide each enterprise into 158 tracks according to the global industrial classification standard. Borrowing the concept of traditional economics Cr4 (top four share concentration in the industry), 632 “global industry leaders” are selected from the top four enterprises in 158 industries around the world, commonly known as “global industry Olympic Games winning enterprises”. Among the 147 industries distributed by Chinese local enterprises, the top four enterprises are selected to form a total of 559 leading enterprises in China’s industry, commonly known as “award-winning enterprises in China’s industrial Olympic Games”.
The “Global Industry Research Series atlas 2022” released this time includes seven atlas, namely: Atlas of Chinese and American high market value enterprises (including 1047 data and information), Atlas of comparison of major industrial data between China and the United States (including 6168 data and information), Atlas of global distribution of Chinese Listed Companies (including 3005 data and information), Atlas of global industrial leading enterprises (including 2170 data and information) There are 1593 pieces of China’s industrial and leading information Atlas (including 1593 pieces of China’s industrial and leading information Atlas).
This research is a grand platform construction, a yearbook and chronological research, which records the track of Chinese industry in the process of the great rejuvenation of the Chinese nation and the construction of a community with a shared future for mankind. On this basis, this study can provide services for research and teaching, think tanks and consulting, and promote the sound development of China’s industry.
high end industries need more Chinese leaders
Shanghai Securities News: in the process of drawing these seven maps, how do you feel about the current situation of China’s leading enterprises
he Zhiyi : first of all, an intuitive feeling is that Chinese enterprises that can be included in the list of leading enterprises are very valuable wealth in China’s economic and social development. Taking the national distribution of champion enterprises as an example, the first place is the United States, with champion enterprises and award-winning enterprises accounting for 49.4% and 44% of the global proportion respectively. The second place is China. The champion enterprises and award-winning enterprises account for 14% and 16% of the global proportion respectively. The third place is Japan, with champion enterprises and award-winning enterprises accounting for 11.4% and 8.4% of the global proportion respectively. The top three account for 75% of the total number of global champions, while only 22 countries can produce industrial champions. It can be said that it is more difficult to win the industrial champion than the Olympic champion.
Secondly, the number of leading enterprises in China ranks second in the world, but they are mainly concentrated in traditional industries such as real estate and household appliances, and there is still a very big gap with developed countries in the United States, Europe and Japan in many fields. For example, in some important industries, American enterprises almost dominate the world. Taking the information technology industry as an example, in 2021, the sum of market value, revenue and net profit of 49 enterprises in China’s computer hardware, storage equipment and computer surrounding industries was 8%, 47% and 8% of Apple’s corresponding data. American enterprises, American capital and enterprises controlled by American strength occupy absolute advantages in the world. With the Japanese economy stagnating for about three decades, there are still many leading enterprises in Japan, such as Toyota, Sony, Mitsubishi, Honda and so on, showing tenacious vitality. In contrast, Chinese enterprises have not yet passed the test of a long cycle.
Finally, some excellent Chinese leading enterprises have significantly improved China’s influence and voice in some industries almost by virtue of their “own strength”. For example, in the map of global industry leaders, Shanghai M&G Stationery Inc(603899) ranks first in the world in the office service and supplies industry, which is an excellent enterprise representative who makes the traditional industry to the extreme Ping An Insurance (Group) Company Of China Ltd(601318) ranks first in the world in the health insurance industry. Huawei ranks second in the communication equipment industry in the world, second only to Cisco. Xiaomi group ranks fourth in the world in computer hardware, storage equipment and computer peripheral industries, beating out the encirclement of giants such as apple and Samsung.
Shanghai Securities News: facing the current differences in industrial distribution between China and foreign countries, how should China’s industrial policy and even the capital market respond
he Zhiyi : under the changing circumstances of a century, for the national security and the harmony, balance and stability of the community with a shared future for mankind, while China is committed to globalization, it must be committed to building a complete industrial chain and building the bottom line capacity to maintain industrial security. Therefore, making up the industrial shortcomings is the top priority at present. This is also the original intention of our research on industry leaders – to see which industries China has advantages in and cultivate talents for excellent enterprises in these industries.
Chinese enterprises should attach importance to investment in scientific and technological research and development. In the past, under the rules of the game of globalization and the global division of labor system, China benefited from demographic and market dividends. Enterprises were mainly concentrated in labor-intensive industries and traditional industries, and generally did not pay enough attention to and invest in scientific research. Among many leading enterprises in China, only Huawei’s R & D investment can match that of world giants (Huawei’s R & D investment in 2021 was 17.46 billion euros, ranking second in the world).
Secondly, industrial policies should be more precise and sustainable. From the perspective of economy and competitive strategy, the development goal of some high-end industries should not be “too high” to meet the needs of national security. In the process of cultivating leading enterprises in high-end industries, we can consider setting up certain “barriers” to enable these enterprises to achieve sustainable and progressive development.
The capital market still has room for improvement in accelerating the development of China’s high-end industries. At present, there are more than 4700 A-share listed companies, but the listed companies are mainly concentrated in traditional industries, and the proportion of high-end industrial enterprises is relatively low. In the future, with the continuous improvement of the system construction of science and innovation board and gem, this situation will be improved. However, it is worth noting that compared with the U.S. capital market, there is still much room for improvement in the normalization of the A-share exit mechanism.
