In the past two years, a number of new state-owned enterprises have been established across the country through strategic restructuring and other means. This not only reflects the unswerving determination of all localities to strengthen, improve and expand state-owned capital and

Shanghai Data Group, Shandong Talent Group, Henan Zhongyu Credit Improvement Co., Ltd.... In the past two years, a number of new state-owned enterprises have been established across the country through strategic restructuring and other means. Unlike the past, local state-owned enterprises focused on transportation infrastructure, energy resources, advanced manufacturing and other fields, these newly unveiled state-owned enterprises have revealed a new idea from their company names to their core businesses. This not only reflects the unswerving determination of all localities to strengthen, improve and expand state-owned capital and state-owned enterprises, but also reflects the new measures and trends of the regional economy in promoting the high-quality development of .

The establishment meeting of Shandong Talent Fund Alliance was held in Jinan in July. Data photo

Releases the value of data, talents and other factors

At the end of September this year, Shanghai Data Group Co., Ltd., a brand new municipal state-owned enterprise in Shanghai, with a registered capital of 5 billion yuan, was unveiled, attracting attention from all walks of life.

The Fourth Plenary Session of the 19th Central Committee of the Communist Party of China first proposed to participate in the allocation of data as production factors. In April 2020, the CPC Central Committee and the State Council issued the " Opinions on Building a More Perfect System and Mechanism for Market-based Allocation of Factors", which clearly stated that it is necessary to accelerate the cultivation of the data factor market. As a factor of production, data is a new driving force for promoting high-quality economic development. The market-oriented allocation of data elements not only requires spontaneous participation from the market side, but also requires active layout from the government side.

"The establishment of Shanghai Data Group is an important measure for Shanghai to accelerate the creation of a core carrier for market-oriented allocation of data elements." Shanghai Data Group President Zhu Zongyao told reporters that there are still some data that has not been well applied in social form. The establishment of Shanghai Data Group will accelerate the factorization process of public data and state-owned enterprise data, activate data resources, and at the same time drive the aggregation and integration of social data, and export data value to the outside world through market-oriented operation.

For example, after the medical data of major hospitals is collected, cleaned and desensitized, on the basis of ensuring safety, can it be used for medical insurance cost control and the research and development of new drugs in biomedical ? How can market entities’ tax payment, social security, water and electricity use data better be applied to risk control in financial institutions? These are all topics that Shanghai Data Group is exploring and are also important contents for Shanghai to promote urban digital transformation.

Like data, talent is also an important factor of production. Aiming at the goal of "building a platform to empower and gathering talents to promote Shandong" and improving the market-oriented allocation of talent resources, Shandong Talent Group was established in 2021.

" Shandong Provincial Government has given the group the functional positioning of the 'four platforms', namely, a functional implementation platform that gathers high-end talents at home and abroad, a one-stop service platform that runs through the talent development chain, a market-oriented support platform that stimulates the vitality of innovation and entrepreneurship of talents, and a comprehensive operation platform that creates the best talent ecosystem." Wang Weizhong, Chairman of Shandong Talent Group, introduced.

has been established for more than a year. Shandong Talent Group has insisted on the "dual-wheel drive" of direct talent attracting and flexible talent attracting. It has successively selected and hired 70 talent attracting ambassadors and recommended the introduction of more than 10,000 talents of various types. We have successively promoted the establishment of four talent funds. The first phase of the Marine Talent Development Fund with a scale of 500 million yuan was the first to be established in Qingdao . The 450 million yuan Shandong University Science and Technology Achievements Transformation Fund has been successfully operated. The scale of under-managed funds reached 8 billion yuan, and more than 100 high-quality talent projects were reserved.

activates factor market to accelerate the cultivation of new development momentum. "New state-owned enterprises" established across the country shoulder a new mission.

Hubei Agricultural Development Group, established at the end of 2021, will concentrate the agricultural sectors scattered in different provincial state-owned enterprises to form a joint force. The goal is to build a modern agricultural full-industry chain production service provider that integrates from breeding to processing and trade; Yuxin Electronic Technology Group Co., Ltd., established in the second half of 2022, is a strategic platform for Henan's digital government construction and the development of digital economy . Zhongyu Credit Enhancement Co., Ltd., which was listed at the same time, is the first credit enhancement company in Henan. It will provide Henan enterprises with credit enhancement, guarantee, market-making and other services. It is a financial innovation move in Henan Province to support high-quality enterprises through market financing.

Explore a replicable business model

The newly established Shanghai Data Group is the first local state-owned enterprise with functional guarantee attributes at the provincial level in my country with data as its core business.

"In terms of promoting the social development and utilization of public data, we are feeling the stones and there is no ready-made experience for reference. Currently, all parts of the country are promoting the digital transformation of . Shanghai has the characteristics of rich data, large scale and many application scenarios. We have the responsibility to try first and explore a replicable and popularizable path for data to participate in the allocation of factors." Zhu Zongyao said.

According to the plan, Shanghai Data Group has four major businesses: one is the construction and operation of data infrastructure, that is, the construction and operation of infrastructure such as data collection, storage, sharing, and transmission; the second is the supply and transaction of digital assets, that is, based on franchise and authorization, to provide compliant and secure data products to the demand side; the third is to provide data consulting, solutions and other value-added services for enterprises, industries and cities to digitalize; the fourth is to build a data industry ecosystem, strengthen investment functions, and promote the development of related industrial clusters.

Zhu Zongyao compared data to "water system". In his opinion, through cooperation with "national teams" such as UnionPay and Railway, as well as major Internet platforms, whether it is "small streams" or "big rivers", data can exert different values ​​under different combinations, just like processing natural water systems, which can be turned into industrial water or high-quality drinking water. "Of course, ensuring data security is a bottom line. We always believe that data security is made, not protected."

As the importance of scientific and technological innovation is increasing day by day, the efficient allocation of talent resources has also become the only way for regional economic development.

"We define ourselves as the 'general contractor of local talent work', which is an extension and expansion of government business environment services, and is also a platform for the creation of innovation and entrepreneurship ecosystems and the exchange and cultivation of talent resources." Wang Weizhong said that as an enterprise, Shandong Talent Group can reasonably allocate manpower and material resources according to needs, and at the same time seamlessly connect with multiple government departments, so that talents can obtain full-process and full-cycle services only if they face one enterprise.

At present, Shandong Talent Group has established stable cooperative relationships with Jinan, Qingdao, Tai'an , Weifang , Rizhao and other cities. The business model of "hunting + education + investment" has gradually become clear: innovate high-end hunting services, export customized services to enterprises and institutions, and provide a package of talent solutions to local party committees and governments; innovate education and training services, introduce first-class resources, and carry out training for entrepreneurs, professional and technical talents, and high-skilled talents; innovate equity and project investment services, focus on the implementation of high-level talent projects such as academicians, and provide support through direct equity investment, fund investment, etc.

"The establishment of Shandong Talent Group has opened up a new path to solve talent problems using market-oriented means, representing a new trend in the high-quality development of the human resources industry." said Wang Jianhua, president of , China Talent Exchange Association.

Henan Zhongyu Credit Promotion Co., Ltd., which was unveiled this year, has successively signed strategic cooperation agreements with several financial institutions such as the Henan Branch of China Construction Bank, the Henan Branch of Industrial and Commercial Bank of China, Zhongyuan Bank , Zhengzhou Bank , and built the first batch of financial circles of friends. In the future, all parties will establish in-depth cooperation in multiple aspects such as non-performing asset acquisition, risk management, diversified financing, resource sharing, etc., to achieve complementary advantages and coordinated empowerment.

More than one person in the financial industry commented that my country's bond issuance volume and custody balance are showing a rapid growth trend, and credit enhancement has become an important guarantee for the majority of bond issuing entities to carry out direct financing. The establishment of China-Yu Xinnong can improve the financing environment for Henan enterprises, maintain regional economic and financial stability, and provide strong support for the innovative development of direct debt financing.

Add new momentum for regional development

2022 is the final year of the three-year action plan for state-owned enterprise reform. The successive establishment of new state-owned enterprises has demonstrated the new atmosphere of reform and development of state-owned enterprises, and added a strong mark to the final year.

As a local state-owned asset center, in 2021, the total assets of local state-owned enterprises in Shanghai, , , operating income and profits reached 26.27 trillion yuan, nearly 4 trillion yuan and 352.66 billion yuan respectively, accounting for about 1/7, 1/9 and 1/6 of local state-owned enterprises in the country. According to the Shanghai State-owned Assets Supervision and Administration Commission, in addition to Shanghai Data Group, Shanghai has also established a number of new industrial groups such as Shanghai Agricultural Investment Group and Shanghai Health Care Group this year, focusing on ecological green agriculture and healthy elderly care services, further enhancing the operational function of state-owned assets investment and operational and industrial linkage synergy.

In addition to establishing the Shandong Talent Group, Shandong Province has also established Shandong Yiyang Health Industry Development Group, Shandong Cultural Tourism Group, etc. in recent years. For Shandong Province, which is known for heavy chemicals and manufacturing industries, these newly established state-owned enterprises not only optimize the local industrial structure, but also further meet the residents' increasingly upgraded health care and leisure tourism needs.

"These newly established state-owned enterprises will further activate new factor markets such as data and talents, and at the same time promote the deep integration of manufacturing and service industries. This is not only a new trend in the reform and development of state-owned enterprises, but also adds new impetus to the high-quality development of the regional economy." China Enterprise Reform and Development Research Association Vice President Li Jin said.

There are also many new state-owned enterprises that shoulder the important task of enhancing core competitiveness. In accordance with the principles of main business allocation, asset allocation and industrial classification, Hunan Province reorganized and integrated 10 provincially-regulated enterprises into 5. In July this year, five newly established provincial state-owned enterprises in Hunan Province - Hunan Construction Investment Group, Hunan Agricultural Development Investment Group, Hunan Nonferrous Industrial Investment Group, Hunan Sunshine Huatian Tourism Development Group, and Hunan Xingxiang Investment Holding Group made a concentrated debut.

statistics show that after the restructuring and integration is completed, the number of directly supervised enterprises in the State-owned Assets Supervision and Administration Commission of Hunan Province adjusted from 24 to 19, and the average household assets, operating income and profits increased from 54.3 billion yuan to 76 billion yuan, from 22 billion yuan to 30 billion yuan, and from 1.26 billion yuan to 1.5 billion yuan, respectively. The State-owned Assets Supervision and Administration Commission of Hunan Province stated that taking cultivating core competitiveness and building world-class enterprises as the starting point and end point, it will ensure that the business, management, system and culture are integrated after the enterprise reorganization, and achieve the "1+12" effect.

Through a series of measures such as establishing new state-owned enterprises, the layout of state-owned capital has been optimized, and local high-quality development has also been stronger. Bai Tinghui, director of the Shanghai State-owned Assets Supervision and Administration Commission, said that in the future, Shanghai state-owned assets and state-owned enterprises will continue to carry out six actions in terms of developing enterprises through science and technology, revitalizing enterprises through reform, scientific governance of enterprises, strengthening enterprises through finance, promoting enterprises with talents, and opening up, accelerate the cultivation of a group of world-class enterprises, and contribute state-owned enterprises to Shanghai's construction of a socialist modern international metropolis with world influence. (He Xinrong, Chen Hao, Hu Jiefei)

Source: Economic Reference News