声音 | 剧锦文：国资新重组体现国家战略引领

Core Viewpoint - The recent restructuring of state-owned enterprises (SOEs) in China, specifically the merger of China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Group, reflects a continuation of strategic reorganizations aimed at optimizing the state-owned economy in alignment with national strategies [3][13]. Group 1: Ensuring Economic Security - The restructuring aims to safeguard the operation of the national economy amidst increasing external complexities and uncertainties, emphasizing the importance of economic security [4][14]. - The merger of Sinopec and China Aviation Oil is particularly focused on enhancing energy security, as Sinopec is the world's largest refining company and a major aviation fuel producer, while China Aviation Oil is the largest aviation fuel service provider in Asia [4][14]. Group 2: Improving Asset Allocation Efficiency - The restructuring seeks to enhance the efficiency of state asset allocation, addressing the need for improved operational efficiency within SOEs, which have historically prioritized stability [5][15]. - The total assets of central enterprises under the State-owned Assets Supervision and Administration Commission (SASAC) are projected to reach 90 trillion yuan by 2025, highlighting the necessity for better asset allocation [5][15]. Group 3: Cultivating World-Class Enterprises - The goal of fostering globally competitive world-class enterprises has been reiterated in multiple national congresses, with a focus on characteristics such as product excellence, brand strength, innovation leadership, and modern governance [6][16]. - The merger of Sinopec and China Aviation Oil is expected to set a benchmark in the petrochemical sector, enhancing resource allocation, technological leadership, and industry influence [6][16]. Group 4: Responding to Technological and Industrial Revolutions - The restructuring is also a response to the new technological and industrial revolution, emphasizing the need for SOEs to integrate and invest in strategic emerging industries [7][17]. - The focus on high-tech sectors such as renewable energy, artificial intelligence, quantum technology, and 6G is crucial for advancing the capabilities of SOEs, leveraging their strengths in data and power supply [7][17].