Guess who's stepping up the innovation game? China just revealed its first-ever list of the most innovative central State-Owned Enterprises (SOEs), and it's a big deal! 🎉
On Wednesday, the State Council's State-owned Assets Supervision and Administration Commission (SASAC) honored 26 SOEs as top sci-tech innovators of 2023. Big names like China Mobile, China National Nuclear Corporation, and Commercial Aircraft Corporation of China, Ltd. made the cut. 🚀
These companies are heavy hitters in energy, telecommunications, and aerospace. For instance, China Mobile, one of the leading telecom operators, is seriously investing in future tech. Last year alone, they pumped about 28.7 billion yuan (that's around $4 billion!) into research and development—an increase of nearly 60% from the previous year. 🌐
SASAC is pushing these giants to accelerate their innovation efforts. At a recent seminar, they emphasized building a comprehensive sci-tech innovation assessment system and fostering new growth drivers. Last month, central SOEs established 17 new innovation consortiums in areas like industrial software, computing power networks, new energy, and advanced materials. This brings the total number to 24! 🔋🖥️
Why should you care? Well, China's central SOEs are major players in global tech and innovation. Out of the 2023 Fortune 500 companies, 46 are central SOEs from China. In the past two years, they've invested over 1 trillion yuan in R&D, achieving breakthroughs in key technologies across various industries. Talk about making waves! 🌊
To keep the momentum going, China is stepping up support for these enterprises. A new policy allows more eligible SOEs to offer medium and long-term incentives to spur innovation among their research teams. They're also improving the institutional framework to encourage original innovation and continuing reforms in state capital investment and operation companies. 💡
Zhang Yuzhuo, chairman of the SASAC, stated this week that the regulator will provide more institutional support for novel areas of innovation. He highlighted the importance of integrating central SOEs into the national innovation system and building a reserve system for enterprise R&D, promoting full-chain innovation from fundamental research to industrial applications. 🧬
The future looks bright for China's innovation landscape, and these central SOEs are at the forefront of this exciting journey! 🌟
Reference(s):
China unveils inaugural list of most innovative central SOEs
cgtn.com
