国资央企发力2026年：推进并购重组，谋划新兴产业

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) is focusing on promoting mergers and acquisitions, restructuring, and the development of emerging industries among central enterprises by 2026, with a significant emphasis on high-quality development and strategic planning for new industries [1][6]. Group 1: Mergers and Acquisitions - SASAC plans to concentrate on the "three concentrations" of state-owned capital, using restructuring as a key approach to optimize the layout and structure of state-owned enterprises, aiming to build more world-class companies [2][3]. - In 2025, SASAC successfully guided the establishment of China Yajiang Group and China Chang'an Automobile Group, enhancing competition in the automotive industry and promoting high-quality development in smart connected new energy vehicles [2][3]. Group 2: Industry Integration and Innovation - Professional integration is seen as a crucial method for optimizing the layout and structure of the state-owned economy, with SASAC supporting strong innovative enterprises to conduct horizontal and vertical integrations within the same industry [3][4]. - SASAC is facilitating high-quality mergers and acquisitions to acquire core elements and seize technological advantages, thereby accelerating the development of strategic emerging industries [3][4]. Group 3: Focus on Emerging Industries - SASAC is prioritizing sectors such as artificial intelligence, aerospace, quantum technology, and new materials, with plans to enhance the capabilities of central enterprises in these areas [4][5]. - The upcoming "AI+" initiative aims to advance the integration of artificial intelligence into various sectors, including energy and logistics, while promoting data resource openness for model optimization and application [4][5]. Group 4: Strategic Planning for New Industries - SASAC is drafting a document to guide central enterprises in cultivating emerging pillar industries, aiming for a leap in the overall layout of state-owned economy through significant project investments and breakthroughs in key areas [6][7]. - The new strategy will likely introduce innovative assessment mechanisms for long-term investments in key sectors, addressing the conflict between long-term strategies and short-term financial performance [6][7]. Group 5: Implementation Mechanisms - SASAC emphasizes a differentiated approach for various types of emerging industries, focusing on core tasks and implementation paths to create a resilient industrial ecosystem [7]. - The commission plans to deepen collaboration across the innovation chain and enhance the support for technological innovation through initiatives like industry collaborative innovation consortia and technology application demonstration scenarios [7].