On June 17th, the State owned Assets Supervision and Administration Commission of the State Council held the second special promotion meeting of the 2025 Action Plan for Deepening and Enhancing the Reform of State owned Enterprises in Shenzhen, Guangdong Province. Li Zhen, member of the Party Committee and Deputy Director of the State owned Assets Supervision and Administration Commission of the State Council, attended the meeting and delivered a speech. China Merchants Group is hosting this conference, which will be held at the China Merchants Industrial Mazhou Island Base.

The meeting emphasized the need to deeply study and implement the important instructions of General Secretary Xi Jinping, deepen the reform of state-owned assets and enterprises, overcome institutional and mechanism barriers, vigorously promote the deep integration of scientific and technological innovation and industrial innovation, and cultivate and develop new quality productive forces.

The meeting requires that efforts should be made to improve the quality of scientific and technological innovation supply, take on responsibilities in building a modern industrial system, make real efforts in collaborative innovation and achievement transformation and application, and strive for breakthroughs in improving innovation evaluation and incentive mechanisms; We should actively promote the transformation of research paradigms led by artificial intelligence in state-owned enterprises, and create and open up strategic high-value application scenarios; We must make the high-quality completion of the deepening and upgrading action the top priority of this year's state-owned enterprise reform, and strive to achieve practical results.

The meeting will be held in the form of "on-site+video". Six units including China Merchants Group and Beijing State owned Assets Supervision and Administration Commission made exchange speeches. Officials from relevant departments, bureaus, and directly affiliated units of the Guangdong Provincial Government and the State owned Assets Supervision and Administration Commission of the State Council, as well as officials from central enterprises and local State owned Assets Supervision and Administration Commission, attended the meeting.

Miao Jianmin, Secretary of the Party Committee and Chairman of China Merchants Group, delivered a speech titled "Leveraging the Functions of State owned Capital Investment Companies to Solidly Promote the Deep Integration of Science and Technology Innovation and Industrial Innovation". Miao Jianmin stated that in recent years, China Merchants Group has deeply studied and implemented General Secretary Xi Jinping's important discourse on the reform and development of state-owned enterprises and Party building, fully implemented the decisions and deployments of the Party Central Committee and the State Council, and in accordance with the work requirements of the State owned Assets Supervision and Administration Commission of the State Council, based on the functional positioning of state-owned capital investment companies, made good use of key reform measures, and focused on connecting the "science and technology industry finance" cycle system, effectively promoting the deep integration of scientific and technological innovation and industrial innovation, and effectively supporting China Merchants Group's "third entrepreneurship".

China Merchants Group always keeps in mind the importance of the country, promotes the deep integration of scientific and technological innovation and industrial innovation from the perspective of serving the overall development of the country, vigorously develops new quality productive forces, focuses on cultivating strategic emerging industries, lays out future industries, and creates a "Malick Curve" for long-term development. It uses scientific and technological innovation to help traditional industries transform and upgrade, and creates a "smile curve" that climbs towards both ends of the value chain; Deepen reform empowerment, build a system and mechanism for the deep integration of technological innovation and industrial innovation, focus on creating a platform for the development of emerging industries, vigorously implement policies to encourage innovation support, and explore a "technology industry finance" integrated development model with the characteristics of China Merchants Group; Highlighting the effectiveness of reform, the deep integration of technological innovation and industrial innovation has achieved phased results, scientific and technological achievements continue to emerge, emerging industries are taking shape, and the transformation and upgrading of traditional industries are powerful and effective.

Next, China Merchants Group will always bear in mind General Secretary Xi Jinping's earnest instructions, implement the spirit of the State owned Assets Supervision and Administration Commission meeting, continue to promote the deep integration of scientific and technological innovation and industrial innovation, and high-quality promotion of the deepening and upgrading of state-owned enterprise reform and the successful completion of the 14th Five Year Plan, striving to achieve new results in the construction of Chinese style modernization.