Recently, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a seminar for the heads of central state-owned enterprises (SOEs). The seminar emphasized the need to continuously strengthen the cultivation of emerging industries and the upgrading of traditional industries, vigorously promote the deep integration of technological and industrial innovation, strategically position enterprises in new sectors with both speed and prudence, and accelerate the cultivation and development of new growth drivers. These key strategic deployments by SASAC regarding the construction of a modern industrial system lay a solid foundation and provide strong guarantees for state-owned assets and enterprises to effectively study and implement the guiding principles of the Third Plenary Session of the 20th CPC Central Committee, and to further comprehensively deepen reforms and advance Chinese modernization.

I. Profoundly Recognizing the Great Significance of Constructing a Modern Industrial System

  Constructing a modern industrial system serves as a crucial pillar for fulfilling the mission of the great rejuvenation of the Chinese nation, realizing the strategic objective of the new development paradigm, and achieving the primary task of high-quality development. For state-owned assets and enterprises, this endeavor represents the very essence of their mission, their responsibility, and their value.

  (I) Constructing a modern industrial system is an imperative requirement for fulfilling the mission of the great rejuvenation of the Chinese nation. A modern industrial system constitutes the material and technological foundation of a modern nation. The Third Plenary Session of the 20th CPC Central Committee pointed out that the current period—and the period immediately ahead—is a critical juncture for building a strong nation and achieving the great rejuvenation of the Chinese nation through the path of Chinese modernization. State-owned assets and enterprises must accurately define their mission-oriented positioning, accelerate the construction of a modern industrial system, and contribute their strength to the comprehensive advancement of the great rejuvenation of the Chinese nation through Chinese modernization.

  (II) Constructing a modern industrial system is an imperative requirement for serving the strategic objective of building a new development paradigm. A modern industrial system serves as a vital guarantee for establishing the new development paradigm. The new development paradigm is grounded in a modern industrial system; for economic circulation to function effectively, it requires the orderly linkage and efficient, unimpeded flow of all industries. State-owned assets and enterprises must earnestly shoulder their political, economic, and social responsibilities in this new era and on this new journey. They must act as the "ballast" and "pillar" supporting the overall improvement of macroeconomic performance, utilizing a modern industrial system to serve the construction of the new development paradigm.

  (III) Constructing a modern industrial system is an imperative requirement for vigorously advancing the primary task of high-quality development. A modern industrial system is the key to driving the sustained and healthy economic and social development of the nation. Without the guarantee provided by a modern industrial system, the realization of high-quality development would be impossible. State-owned assets and enterprises must earnestly consolidate the industrial systemic foundation for high-quality development, strive to build a modern industrial system that possesses international competitiveness, and ensure the successful realization of the primary task of high-quality development. 

II. Accurately Grasping the Profound Impact of Comprehensively Deepening Reform on Promoting the Construction of a Modern Industrial System

  The Third Plenary Session of the 20th Central Committee of the Party pointed out that we must closely focus on advancing Chinese modernization to further comprehensively deepen reform, and accelerate the formation of production relations that are better adapted to "new quality productive forces." As the industrial vehicle for these new quality productive forces, a modern industrial system is essential; thus, fostering and developing these forces requires the construction of a modern industrial system that is compatible with and matched to them. To accurately grasp the profound impact that comprehensively deepening reform has on promoting the construction of a modern industrial system, we must—throughout the process of deepening reform—fully consider the inherent characteristics and fundamental requirements for the development of such a system. Furthermore, we must strengthen institutional innovation and policy coordination to provide robust support and powerful momentum for the construction and refinement of this modern industrial system.

  (I) Comprehensively Deepening Reform Provides Robust Support for the Intelligent, Green, and Integrated Development of the Modern Industrial System

  First, it leads and supports intelligent upgrading. Comprehensively deepening reform helps drive the development and application of new technological revolutions—such as artificial intelligence—and promotes the digital and intelligent transformation of the industrial system, thereby offering new approaches for enhancing production efficiency and product quality. State-owned assets and enterprises must seize the opportunities presented by the accelerating evolution of the new round of technological revolution and industrial transformation. They must accelerate their digital transformation and intelligent upgrading to secure the strategic commanding heights of future development, striving to maintain strategic initiative in future global competition.

  Second, it comprehensively supports green transformation. Comprehensively deepening reform helps foster an industrial structure that conserves resources and protects the environment, promotes the green and low-carbon development of energy, and realizes a harmonious coexistence between the economy and the environment. State-owned assets and enterprises must earnestly implement the philosophy of green and low-carbon development, truly integrating green requirements into the entire process and every sphere of their reform and development, and steadfastly follow a path of "ecological priority, green, and low-carbon development."

  Third, it provides deep support for integrated development. Comprehensively deepening reform helps break down industry barriers and promotes the deep integration of modern service industries with advanced manufacturing and modern agriculture. It also fosters the deep integration of technological innovation with industrial innovation, thereby enhancing the overall efficiency and competitiveness of the industrial system. State-owned assets and enterprises must deepen mechanisms for collaborative cooperation across relevant industries, facilitating efficient synergy across different industrial sectors, geographical regions, and enterprise groups, and fully unleashing the inherent vitality of the industrial network.

(II) Comprehensively Deepening Reform Infuses Powerful Momentum into Building a Complete, Advanced, and Secure Modern Industrial System

  First, *amassing collective strength to ensure completeness*. Comprehensively deepening reform fosters the diversification and comprehensiveness of industrial development, enabling the holistic development and coordination of the industrial system, thereby enhancing its completeness. State-owned assets and enterprises must fully leverage their role as "chain leaders" within modern industrial chains—facilitating integration and driving growth—to address weak links, extend strong links, and forge new links. They must optimize the alignment of supply and demand and share innovative outcomes to ensure that industrial chains remain orderly, efficient, and unhindered.

  Second, *boosting momentum to enhance advancedness*. Comprehensively deepening reform drives industrial technology to maintain a leading position, elevating overall competitiveness and sustainable development capabilities, thereby enhancing the advanced nature of the industrial system. State-owned assets and enterprises must remain committed to establishing themselves as "cradles of original technology," allowing innovation to take deep root in the soil of industrial development. They must independently explore new industrial frontiers, focus on constructing new engines for growth, and continuously shape new drivers for development.

  Third, *improving efficiency to consolidate security*. Comprehensively deepening reform raises the security coefficient of the industrial system and refines emergency management systems and risk prevention mechanisms, thereby enhancing the overall security of the industrial system. State-owned assets and enterprises must consistently heighten their sense of vigilance regarding potential risks and adhere to a "bottom-line thinking" approach. They must enhance their capabilities in independent technological innovation, domestic product substitution, and industrial chain security control, thereby firmly keeping the lifelines of development in their own hands.

III. Comprehensively Building a Modern Industrial System for the High-End Equipment Manufacturing Sector

  To accelerate the construction of a modern industrial system—advancing on two fronts simultaneously—state-owned assets and enterprises must focus, on one hand, on the transformation and upgrading of existing businesses, and on the other, on the development and expansion of strategic emerging industries. In this new era and on this new journey, the high-end equipment manufacturing sector must strive to forge "national strategic assets" and continuously burnish its reputation as a "national calling card."

  First, *upholding the principle of consolidating core businesses to make them stronger and better*. State-owned assets and enterprises must firmly grasp the pulse of the real economy's development and remain unwavering in their commitment to becoming stronger, better, and larger. They must continuously drive development toward high-end, intelligent, and green standards, solidly reinforcing their core foundations to ensure that their "primary livelihood"—their core business—remains secure and stable.

  Second, *upholding the principle of making progress while maintaining stability and adhering to independent autonomy*. State-owned assets and enterprises must respect the inherent laws and logic of industrial development. Aiming for balanced growth and sustainable development, they should avoid blind expansion, break free from the predicaments of "path dependence" and "low-end locking," mitigate the risks of "decoupling and supply chain disruption," and ensure the independent and autonomous sourcing of technology.

  Third, uphold the principles of leadership,带动, and integrated development. State-owned assets and enterprises must strengthen collaborative development with enterprises of all ownership structures, cultivate more leading enterprises within industrial chains, and fully leverage their role in driving and guiding the sector. They should deeply implement initiatives for the integrated and collaborative development of industrial chains, promote the deep integration of emerging technologies with industry, and accelerate the formation of new engines for economic growth.

  Fourth, uphold the principles of value enhancement and transformational upgrading. Given that the primary assets of state-owned enterprises are concentrated in traditional industries where they hold a comparative advantage, they must enhance their levels of intelligence and eco-friendliness through avenues such as equipment renewal, process upgrading, digital empowerment, and management innovation. By doing so, they will achieve continuous optimization and upgrading of their industrial structures, steadily climbing toward the higher ends of both industrial and value chains.

  Fifth, uphold the principles of open cooperation and mutual benefit. State-owned assets and enterprises should strategically leverage both domestic and international markets and resources. Adopting a more open stance as they "go global," they must continuously elevate the sophistication of their international operations. By participating deeply in the global division of labor, they can achieve mutually beneficial outcomes and contribute greater wisdom and strength to the promotion of global economic prosperity and development.