[New Era, New Action, New Chapter] Zhenjiang, Jiangsu： Deep integration of state-owned enterprises ＂party building + business＂ empowers development

On January 11, 2021, in Zhenjiang, Jiangsu, the local State Control Group held a unique "Party Building + Business" project review meeting. "Party Building + Concept Turning Losses", "Pioneering New Channels to Reduce Costs and Increase Efficiency", "Paper Straw Base Paper Series Product Development" and other 14 party building leading projects made a wonderful appearance, demonstrating the effectiveness of the deep integration of party building work and enterprise production and operation.

"Which problems and difficulties need to be solved urgently, the’target ‘of the party branch of the enterprise will point to where. The’party building + business’ project is gathering the demonstration force of the integrated development of party building and reform of the state-controlled group, showing the multi-dimensional style of the development of the state-controlled group." Zhou Yi, secretary of the party committee and chairperson of Zhenjiang State-controlled Group, said.

In recent years, the party committee of Zhenjiang State Control Group has given full play to the leadership core and political core role of "guiding the direction, managing the overall situation, and ensuring the implementation", actively guiding party organizations at all levels to carry out the "integrated" party building work method, taking business development and transformation breakthroughs as important tasks, strengthening the main business, protagonist, and initiative consciousness of party building, and promoting high-quality development of enterprises with strong leadership.

Set the direction, that is, set the direction of reform and development. Zhenjiang State Control Group actively promotes the group’s market-oriented reform and transformation, and promotes the physical operation of the Financial Investment Group; promotes the reform and reorganization of subordinate enterprises, and completes the share-for-share reform and reorganization of Taibai Group, the reform of the operating institutions of the Energy Corporation, the equity reorganization of Chechi Commercial Vehicle Company, and the equity reorganization of Jingkou Petroleum Company; establish a project co-investment system to effectively control the risk of project investment and improve the quality of project investment; adhere to the principle of party management of cadres, deepen the reform of the personnel compensation system, and actively promote the pilot system of professional managers for SDIC entrepreneurship and Dongpu Technology.

Manage the overall situation, that is, manage the overall situation of investment and operation. As the main body of state-owned asset investment and operation in Zhenjiang City, Zhenjiang State Control Group unswervingly implements the strategy of "Industrial Strong City" in Zhenjiang City, fully serves the major provincial and municipal project – BAIC Magna New Energy Vehicle, and sets up a functional industry and finance party branch. In the form of a red assistant, it provides equity adjustment, planning and design, engineering construction, equipment procurement and other services for the project, injecting "red power" into the development of the enterprise. In October 2020, BAIC’s high-end intelligent new energy brand ARCFOX Extreme Fox α T was listed and released.

Not only that, Zhenjiang State Control Group actively connected with the capital markets, grasped the investment rhythm, controlled the quality of the project, implemented Mindray Medical, Maijie Technology, Bank of Jiangsu convertible bonds and other projects, expanded the fund investment business, and achieved remarkable results. Among them, Mindray Medical project withdrew, achieving ROI of 63.13 million yuan and value-added of 1.4 times.

To ensure the implementation, that is, to ensure the implementation of major decisions and deployments. At the beginning of 2020, the COVID-19 epidemic suddenly broke out. Party organizations and party members at all levels of Zhenjiang State Control Group fully supported the front line of the fight against the epidemic, and promoted the resumption of work and production in a safe and orderly manner. On February 29, 2020, 2 negative pressure monitoring ambulances urgently produced by Feichi Automobile Group, a subsidiary of State Control Group, were successfully delivered to assist Huangshi, Hubei. It took only 6 days from receiving the task to completing the delivery, fully demonstrating the responsibility of party members and cadres of state-owned enterprises.

Zhenjiang State Control Group has also actively responded to and deepened the action of "Ten Thousand Enterprises, Ten Thousand Villages, and Take the Road of Zhenxing" in Jiangsu Province. After thorough market survey and cooperation negotiations, Zhenjiang State Control Group and Jiangsu Tiangong Group, located in Qianxiang Village, Danbei Town, Danyang City, have carried out high-quality cooperation in industrial projects. At present, 90 million yuan has been invested to support the overall capital operation plan of Tiangong Group and promote the development of the enterprise’s entity industry. (Shi Jian, Zhu Jie)