On January 17, the state owned enterprise reform leading group office of the State Council held a special promotion meeting on the three-year action of state-owned enterprise reform by video to summarize the progress and effectiveness of the three-year action of state-owned enterprise reform in 2021 and deploy the key reform work in 2022. The meeting showed that by the end of 2021, the corporate reform of China’s state-owned enterprises had been basically completed. Among the enterprises managed by the Central Party and government organs and institutions directly under the central government, corporate enterprises accounted for 97.7% and local state-owned enterprises accounted for 99.9%, achieving a historic breakthrough.
On January 14, the people’s Daily published a commentary on the three-year action for the reform of state-owned enterprises, pointing out that 2022 is the year for the three-year action for the reform of state-owned enterprises. In order to ensure that all reform tasks are fully completed by the end of the year, we need to deepen the reform of state-owned enterprises with practical actions, become stronger and better, become a big country with capital and state-owned enterprises, constantly enhance the vitality, influence and anti risk ability, and build a more solid economic foundation for expanding the country’s comprehensive strength and protecting the common interests of the people.
Hao Peng, Secretary of the Party committee and director of the state owned assets supervision and Administration Commission of the State Council, said at the meeting that since this year, the state owned assets supervision and Administration Commission of the State Council and central enterprises have paid close attention to the three-year action of state-owned enterprise reform and promoted the continuous release of reform efficiency. At present, 70% of the scheduled tasks of the three-year action target of state-owned enterprise reform have been successfully completed, It provides a strong driving force for the high-quality development of enterprises.
It can be said that the word “reform” has always been the theme of the macroeconomic outlook of our China Greatwall Securities Co.Ltd(002939) macro group in 2022. Under the background that the market still vigorously advocates a high growth model, broad credit expectations, and even revisits the argument that debt promotes development, we have always advocated “reform”, while the economic system is old and new, The transformation of the driving force of economic growth from the old extensive model to high-quality development is a reform method we strongly advocate. As described in our special report macroeconomic outlook for 2022: old and new, storing grain for the winter, only reform is the starting point of high-quality development, the driving force to step out of the middle-income trap, and the path to make a big cake for common prosperity.
Risk tip: China’s macroeconomic policy is not as expected; The reform of state-owned enterprises is less than expected; Monetary policy exceeded expectations; Covid-19 outbreak again.
