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China Chengtong held 2020 Work Conference and the First Session of the Third Workers’ Conference

Office of the President     2020-01-15         

From January 13 to 14, China Chengtong held the 2020 Work Conference and the First Session of the Third Workers’ Conference (the Conference) in Beijing. The Conference is guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and thoroughly studies and implements the guiding principles of the 19th CPC National Congress, the Second, the Third and the Fourth Plenary Sessions of the 19th CPC Central Committee, the Central Economic Work Conference and the Conference for the Head of Central State-owned Enterprises. The Conference comprehensively summarises the Group’s work in 2019, meticulously analyses the current situation, and conscientiously assigns the Group’s key tasks in 2020.

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Picture 1: The 2020 Work Conference and the First Session of the Third Workers’ Conference Site

The Conference is attended by Lu Jiang, former Vice Minister of the Ministry of Domestic Trade; Ding Junfa, former Deputy Director of the Bureau of Domestic Trade; Liu Shan, Director, and Kong Fanjie, the First-Level Inspector, of the 5th Bureau of Enterprise Audit of the National Audit Office; the Group’s Outside Directors Jiang Shangjun, Cao Yuanzheng, Jiang Xin; the Group’s leadership Zhu Bixin, Li Hongfeng, Shan Zhongli, Li Yousheng, Tong Laiming, Xiang Hong, Zhang Xianghong, Zhu Yue, Chen Yong; the Group’s former leaders Hong Shuikun, Gu Xiangdong, Zhang Baozhen, Cheng Wu, participated in the Conference. The Party and administrative leadership of the China Railway Materials Group and the Group’s invested companies, general managers of the Group’s budgetary third-tier companies, representatives of the Group’s Workers’ Conference, the 17th Session China Chengtong Stars, and all personnel from the Group’s headquarters.

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Picture 2: Zhu Bixin delivered a keynote speech

Zhu Bixin, China Chengtong’s Secretary of the CPC Committee and Chairman, delivered a report themed Emancipating the Minds and Deepening Reform to Achieve China Chengtong’s High-Quality Development. Zhu Bixin summarised the Group’s work since it has been nominated as the pilot enterprise for state-owned capital operation, meticulously analysed the current domestic and foreign situation, and put forward requirements for the Group’s work in 2020.

Zhu Bixin pointed out that since the Group has been nominated as the pilot enterprise for state-owned capital operation, it has stuck to the Party’s leadership, implemented the national strategy, and established management structure and operational mechanism that facilitate capital operation. The Group has adapted its managing system in line with the requirement of ‘managing capital’, promoted the structural reform and upgrading, and properly dealt with the tough challenge of ‘handling zombie enterprises and helping financially-suffering enterprises’. All these measures have contributed to China Chengtong’s achievements in the process of becoming a first-class state-owned capital operating company. With regard to China Chengtong’s work in 2020, Zhu Bixin underlined that the Group should systematically summarise experience gained from the pilot work, work hard on emancipating the minds and innovation-driven development, on streamlining the business structure and optimizing inventory resources’ integration, and on strengthening the Party’s leadership, consolidating the headquarters’ construction and improving the operational skills. China Chengtong must focus on the following six aspects in 2020. First, China Chengtong must strengthen the Party’s leadership and construction work, and achieve the Group’s quality-driven development through enhanced Party construction work. Second, China Chengtong must implement requirements put forward by SASAC’s Inspection Group and improve the Group’s overall performance accordingly. Third, China Chengtong should emancipate its minds and make breakthroughs in systematic reform. Fourth, China Chengtong should optimise the current operational structure. Fifth, China Chengtong should build a strong headquarters that is professional in capital operation. Last but not least, China Chengtong should continue improving its risk awareness, and prevent and resolve major risks.

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Picture 3: Li Hongfeng delivered the Group’s annual work report

Li Hongfeng, China Chengtong’s Vice Secretary of the CPC Committee and President, made a work report entitled Thoroughly Implementing the New Concept for Development and Deepening the Pilot Reform of the Operating Company to Lift China Chengtong’s Quality-oriented Development to a New Level. Li pointed out that in the past year, the Group has continued to deepen the pilot reform and gained more remarkable achievements. By giving full play to its platform advantage, the Group has played a more prominent role in serving the reform of state-owned assets and state-owned enterprises (SOEs). The Group has also seen improvement in both the quality and efficiency of its development thanks to the implementation of new concept for development, and registered significant advancement in business operation owing to the strengthened overall leadership of the Party. Li Hongfeng pointed out that in 2020, China Chengtong should focus its work on the following six facets: first, deepening the pilot reform of the operating company to achieve landmark results of the reform of state-owned assets and state-owned enterprises; second, improving quality and efficiency to consolidate the basis for the Group’s high-quality development; third, focusing on the compiling of the Group’s 14th Five-Year Strategic Plan and making strategy’s leading role more prominent; fourth, preventing and controlling risks to contribute to the Group’s high-quality development; fifth, strengthening the overall leadership of the Party to ensure the Group’s achievement of high-quality development through high-quality Party building work; sixth, improving the Group’s political awareness and doing a good job in meeting improvement requirements set by SASAC’s inspection Group.

The Conference stressed that 2020 is the year when China will complete the tasks of building a moderately prosperous society in all respects and wrap up the nation’s 13th Five-Year Plan. The year 2020 is also the key year to achieve the country’s first Centennial Goal, to lay a solid foundation for the development of the 14th Five-Year Plan and to prepare for the realisation of the country’s second Centennial Goal. In the meantime, 2020 is a crucial year for China Chengtong, as a pilot state capital operating company, to attain landmark achievements. The Group as a whole should seize all opportunities and take advantage of all favorable factors to sharpen its capital operation ability and elevate management level in an all-round way, and make unremitting efforts to create a more promising situation for the development of quality-oriented state capital operation.

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Picture 4: China Chengtong First Session of the Third Workers’ Conference

In China Chengtong’s First Session of the Third Workers’ Conference, all representatives deliberated the Group’s Work Report and Chairman’s speech, and passed the Resolution on China Chengtong’s Work Report and Resolution on China Chengtong’s First Session of the Third Workers’ Conference.

In the Conference, Zhu Bixin, on behalf of the Group, signed 2020 Responsibility Agreements for Party Building Work with invested companies. Cao Yuanzheng, the Group’s outside director, delivered a speech on China’s macroeconomic situation and beyond. 8 individuals and 1 unit were awarded the 17th Session China Chengtong Stars. And companies which have made outstanding contributions in 2019 were presented special awards in the Conference.

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Picture 5: The 17th Session China Chengtong Stars

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Picture 6: Outstanding Contribution Companies

The Conference calls for all China Chengtong members to unite more closely around the CPC Central Committee with Comrade Xi Jinping as the core. By continuing to emancipate its minds and deepen reform, China Chengtong will seize the day and live it to the full. China Chengtong will continue to work hard and forge ahead to strive for high-quality development, to achieve representative results of state capital operating companies, and to make greater contributions to the realisation of the country’s Two Centennial Goals and the Chinese Dream of the great rejuvenation of the Chinese nation.

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