Mei Ri Jing Ji Xin Wen·2025-10-10 05:32Core Viewpoint - The article emphasizes the focus of state-owned enterprise (SOE) reform during the "14th Five-Year Plan" period on building a high-level socialist market economy, with key pillars including deepening SOE reform, promoting the development of the private economy, advancing the construction of a unified national market, and facilitating domestic and international dual circulation [1] Group 1: SOE Reform Focus - The direction of SOE reform will concentrate on optimizing functional positioning, enhancing R&D investment, and building innovation capabilities, as well as improving the regulatory system for state assets with Chinese characteristics [1] - Specific measures include a refined classification system for differentiated regulation of competitive, strategic, and public welfare enterprises, and the establishment of a modern corporate governance system that clarifies the responsibilities and boundaries of shareholders, boards, and management [1] Group 2: Market Mechanism and Incentives - The reform will promote market-oriented operational mechanisms, fully implement the professional manager system, and increase incentives for technology-driven enterprises by developing diversified long-term incentive tools [1] - The construction of a unified national market will enhance the supply of regulatory systems, strengthen fair and collaborative market supervision, accelerate infrastructure connectivity reforms, and promote overall regional integration reforms to optimize resource allocation and stimulate market vitality [1] Group 3: ETF and Index Overview - The Central Enterprise Win-Win ETF (517090) tracks the FTSE China SOE Open Win-Win Index (W00553), which selects state-owned enterprise securities with global layout and sustainable development characteristics to reflect the overall performance of Chinese SOEs in an open and win-win context [1] - The index components cover multiple industries and emphasize the long-term stable operating capabilities and social responsibility fulfillment of enterprises [1]