新时代完善企业制度纲领性文件发布 发挥资本市场对完善公司治理的推动作用

Core Viewpoint - The document outlines the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics," emphasizing the need for institutional innovation to empower enterprise development and enhance competitiveness in the context of national modernization and rejuvenation [1][2]. Group 1: Company Governance Structure - The document highlights the importance of improving corporate governance structures, with four out of nineteen specific measures dedicated to this area, including enhancing property rights, supporting the optimization of governance structures in private enterprises, and leveraging capital markets to improve governance [1][5]. - The China Securities Regulatory Commission (CSRC) has initiated a two-year special action to address deep-seated issues in corporate governance, including the implementation of independent director systems and stricter delisting standards for companies with significant operational deficiencies [2][3]. Group 2: Innovation and Incentives - The document emphasizes the need to establish a robust innovation incentive system, proposing measures to adapt organizational forms to modern technological innovation needs and to encourage collaboration between large and small enterprises [3][4]. - Specific initiatives include improving talent flow mechanisms between enterprises and research institutions, enhancing technology transfer management, and encouraging long-term value creation through project team autonomy [4]. Group 3: Role of State-Owned Enterprises - The document stresses the importance of adhering to the principle of "two unwavering" regarding property rights and optimizing equity structures to stimulate innovation and internal motivation across various types of enterprises [5]. - The State-owned Assets Supervision and Administration Commission (SASAC) plans to enhance corporate governance by integrating party leadership into governance processes and attracting talented individuals to participate in state-owned enterprise governance [5]. Group 4: Training and Implementation - The All-China Federation of Industry and Commerce is conducting training and exchange activities for entrepreneurs and executives to promote understanding of the importance of improving the modern enterprise system [6]. - A pilot program is set to be launched in 2025 to establish and improve the modern enterprise system in selected enterprises, aiming to provide a good example for private enterprises and encourage governance reforms [6].