中共中央办公厅、国务院办公厅5月26日对外发布《关于完善中国特色现代企业制度的意见》（下称 《意见》）。《意见》共8个部分、19条具体举措，从坚持和加强党的领导、完善公司治理结构、提升 企业科学管理水平、健全企业激励创新制度、建立健全企业社会责任与企业文化体系、优化企业综合监 管和服务体系等方面作出全面系统部署。 国家发改委等部门发布的答记者问称，《意见》是新时代完善企业制度的纲领性文件。重在以制度创新 赋能企业发展，进一步释放微观主体活力，培育更富活力、更具韧性、更有竞争力的现代企业，为以中 国式现代化全面推进强国建设、民族复兴伟业提供有力支撑。 国家发展改革委宏观经济研究院副院长郭春丽分析，《意见》对中国特色现代企业制度进行了顶层设 计，有利于引导企业完善现代企业制度，提高治理效能，把治理优势转变为竞争优势、创新优势和发展 优势，更好地适应市场竞争和转型升级的需要。 健全企业激励创新制度 党的二十大报告指出，完善中国特色现代企业制度，弘扬企业家精神，加快建设世界一流企业。党的二 十届三中全会再次强调，完善中国特色现代企业制度，支持和引导各类企业提高资源要素利用效率和经 营管理水平、履行社会责任。 近年来， ...

21世纪经济报道记者周潇枭 北京报道 5月26日，中共中央办公厅、国务院办公厅对外发布《关于完善中 国特色现代企业制度的意见》（下文简称《意见》）。 《意见》指出，中国特色现代企业制度是中国特色社会主义制度的重要组成部分。《意见》明确了中国 特色现代企业制度的具体内涵，即以坚持和加强党的领导为根本，以产权清晰、权责明确、政企分开、 管理科学为基础，以完善公司治理为重点，以改革创新为动力，弘扬企业家精神，适合国情、符合实 际、满足发展需要的现代企业制度。 国家发展改革委相关负责人在答记者问时表示，《意见》是新时代完善企业制度的纲领性文件。《意 见》共8个部分、19条具体举措，从坚持和加强党的领导、完善公司治理结构、提升企业科学管理水 平、健全企业激励创新制度、建立健全企业社会责任与企业文化体系、优化企业综合监管和服务体系等 方面作出全面系统部署，重在以制度创新赋能企业发展，进一步释放微观主体活力，培育更富活力、更 具韧性、更有竞争力的现代企业。 国务院发展研究中心企业研究所副所长项安波对21世纪经济报道记者表示，"中国特色现代企业制度"除 了过往强调的现代企业制度的一般要素之外，"中国特色"主要体现在加强党的领 ...

5月26日，中共中央办公厅、国务院办公厅发布关于完善中国特色现代企业制度的意见（以下简称《意 见》）。《意见》共8个部分、19条具体举措，从多方面作出全面系统部署，重在以制度创新赋能企业 发展，进一步释放微观主体活力，培育更富活力、更具韧性、更有竞争力的现代企业。 意见提出的主要目标为：经过5年左右，推动具备条件的企业普遍建立适合国情、符合实际、满足发展 需要的中国特色现代企业制度，企业党的建设全面加强，治理结构更加健全，市场化运营机制更加完 善，科学管理水平进一步提高，推动自主创新、支撑产业升级、履行社会责任等作用充分发挥。到2035 年，中国特色现代企业制度更加完善，企业国际竞争力全面提升，为加快建设世界一流企业奠定坚实基 础。 《意见》提出了中国特色现代企业制度的具体内涵，即以坚持和加强党的领导为根本，以产权清晰、权 责明确、政企分开、管理科学为基础，以完善公司治理为重点，以改革创新为动力，弘扬企业家精神， 适合国情、符合实际、满足发展需要的现代企业制度。 《意见》就"健全企业激励创新制度"专设一章，国家发展改革委有关负责同志在答记者问时表示，《意 见》专设"健全企业激励创新制度"一章，从创新组织形式、 ...

Core Viewpoint - The issuance of the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics" aims to enhance enterprise management and market competitiveness through institutional innovation, supporting high-quality development and the construction of a high-level socialist market economy [1][2]. Group 1: Background and Content of the Opinions - The opinions serve as a guiding document for improving the enterprise system, consisting of 8 sections and 19 specific measures, focusing on strengthening party leadership, improving corporate governance, enhancing scientific management, and fostering innovation [1]. - The document emphasizes the importance of institutional innovation in empowering enterprise development and releasing the vitality of micro-entities, aiming to cultivate modern enterprises that are more dynamic, resilient, and competitive [1]. Group 2: Characteristics of the Modern Enterprise System - The modern enterprise system with Chinese characteristics is defined by clear property rights, defined responsibilities, separation of government and enterprise, and scientific management, with a focus on reform and innovation [3]. - This system incorporates common features of modern enterprise systems globally while integrating China's market conditions, institutional environment, and cultural traditions [3]. Group 3: Innovation and Governance - The opinions specifically address the need to establish a robust innovation incentive system to shift enterprise development from scale and speed to quality and efficiency, which is crucial for releasing the innovative potential of enterprises [4]. - The China Securities Regulatory Commission (CSRC) has been actively enhancing corporate governance among listed companies, with initiatives leading to a record dividend distribution of 2.4 trillion yuan and share buybacks nearing 150 billion yuan in 2024 [4][5]. Group 4: Implementation and Support for Enterprises - The National Development and Reform Commission (NDRC) will work with relevant parties to implement the opinions, focusing on tailored strategies based on enterprise size, development stage, and ownership type to enhance overall competitiveness [2]. - The State-owned Assets Supervision and Administration Commission (SASAC) aims to integrate party leadership into all aspects of corporate governance and improve governance structures within state-owned enterprises [6]. Group 5: Support for Private Enterprises - The All-China Federation of Industry and Commerce is conducting training and research to help private enterprises understand the importance of the modern enterprise system for sustainable development [7]. - The NDRC plans to optimize the service and support system for private enterprises by addressing market access barriers, ensuring payment of debts owed to private enterprises, and protecting their legal rights [8].

这次中共中央办公厅、国务院办公厅印发《意见》，是新时代完善企业制度的纲领性文 件。《意见》共8个部分、19条具体举措，从坚持和加强党的领导、完善公司治理结构、提 升企业科学管理水平、健全企业激励创新制度、建立健全企业社会责任与企业文化体系、 优化企业综合监管和服务体系等方面作出全面系统部署，重在以制度创新赋能企业发展， 进一步释放微观主体活力，培育更富活力、更具韧性、更有竞争力的现代企业，为以中国 式现代化全面推进强国建设、民族复兴伟业提供有力支撑。 近日，中共中央办公厅、国务院办公厅公开《关于完善中国特色现代企业制度的意见》 （以下简称《意见》）。为使各方面准确把握有关情况，国家发展改革委、国务院国资 委、中国证监会、全国工商联有关负责同志就《意见》回答了记者提问。 问 1 ： 请问《意见》的出台背景是什么？有哪些具体内容？ 答：党中央、国务院高度重视中国特色现代企业制度建设。党的二十大报告指出，完善中 国特色现代企业制度，弘扬企业家精神，加快建设世界一流企业。党的二十届三中全会再 次强调，完善中国特色现代企业制度，支持和引导各类企业提高资源要素利用效率和经营 管理水平、履行社会责任。完善中国特色现代企业制 ...

Overall Requirements - The core viewpoint emphasizes the importance of improving the modern enterprise system with Chinese characteristics as a crucial part of the socialist system, guided by Xi Jinping's thought and the principles of the 20th National Congress of the Communist Party of China [2][3] Group 1: Objectives and Goals - The main goal is to establish a modern enterprise system suitable for China's national conditions within approximately five years, enhancing corporate governance, market-oriented operational mechanisms, and management levels [4] - By 2035, the modern enterprise system is expected to be more refined, with improved international competitiveness of enterprises, laying a solid foundation for building world-class companies [4] Group 2: Strengthening Party Leadership - The system for party leadership in state-owned enterprises will be improved, clarifying the boundaries for party committees in discussing major issues and enhancing the quality and efficiency of preliminary research [6] - Non-public enterprises will be guided and supervised to comply with laws and regulations, promoting healthy development through improved communication and collaboration between party organizations and management [6] Group 3: Improving Corporate Governance Structure - The enterprise property rights structure will be refined, ensuring clear ownership and efficient operational mechanisms, particularly for state-owned enterprises [7] - The governance of state-owned enterprises will be enhanced, establishing a transparent and accountable governance mechanism with defined roles for the board of directors and management [7][8] - Private enterprises will be encouraged to adopt various organizational forms and improve internal governance rules, ensuring alignment between articles of association and investment agreements [8] Group 4: Enhancing Scientific Management Levels - Enterprises will be guided to develop strategic plans that align with the new development pattern, enhancing resource allocation capabilities [10] - Internal management systems will be strengthened, promoting independent internal control and legal institutions to improve management efficiency [10] - Risk management mechanisms will be established to prevent domestic and international investment risks, particularly for state-owned enterprises [10] Group 5: Fostering Innovation - Enterprises will be encouraged to establish new research and development institutions and enhance collaboration for innovation [12] - A high-efficiency allocation mechanism for innovation elements will be developed, facilitating talent flow between enterprises and research institutions [12] - Incentive mechanisms focused on innovation will be established, promoting long-term value creation and empowering project teams [13] Group 6: Corporate Social Responsibility and Culture - A system for fulfilling corporate social responsibility will be developed, integrating social responsibility into all aspects of business operations [14] - The income distribution system will be improved, ensuring reasonable salary growth and performance evaluation for senior management [14] - Excellent corporate culture will be cultivated, promoting values such as integrity and innovation within enterprise management practices [14] Group 7: Optimizing Regulatory and Service Systems - A comprehensive regulatory system for enterprises will be established, enhancing cross-departmental joint regulation and improving the predictability of regulatory policies [15] - The state-owned asset supervision system will be refined, focusing on capital management and guiding state-owned enterprises to emphasize long-term value [15] - A service system for enterprises will be improved, facilitating market access and support policies for business operations [16] Group 8: Implementation Measures - Local governments and departments are urged to implement these opinions effectively, recognizing the significance of improving the modern enterprise system for high-quality development [17] - Relevant laws and regulations will be improved to support enterprises in operating legally and managing effectively [17]

Core Viewpoint - The issuance of the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics" is a significant step towards enhancing corporate governance and management efficiency, aiming to support high-quality development and the construction of a socialist market economy [2][4]. Group 1: Background and Importance - The central government emphasizes the importance of improving the modern enterprise system to enhance resource utilization and management levels, as highlighted in the 20th National Congress report and the 20th Central Committee's third plenary session [2][3]. - The modern enterprise system is crucial for supporting high-quality development and establishing a high-level socialist market economy [3][4]. Group 2: Key Features of the Modern Enterprise System - The modern enterprise system is characterized by clear property rights, defined responsibilities, separation of government and enterprise, and scientific management, as established since the 14th Central Committee [5][6]. - It integrates the leadership of the Communist Party, emphasizes corporate governance, and encourages innovation and social responsibility [6][7]. Group 3: Innovation and Corporate Governance - The "Opinions" stress the importance of enterprises as key players in technological modernization and innovation, advocating for a shift from scale-driven growth to quality and efficiency [8][9]. - Specific measures include creating innovative organizational forms, improving the allocation of innovation resources, and establishing incentive mechanisms for innovation [9]. Group 4: Role of Capital Markets - The capital market is recognized as a vital force in enhancing corporate governance, requiring listed companies to maintain sound organizational structures and governance mechanisms [10][11]. - Recent actions by the China Securities Regulatory Commission have focused on improving corporate governance standards and enhancing investor returns, with significant increases in dividends and share buybacks [11]. Group 5: State-Owned Enterprises (SOEs) and Governance - The State-owned Assets Supervision and Administration Commission has implemented reforms to strengthen the leadership of the Communist Party in SOEs and improve their governance structures [12][13]. - Future efforts will focus on optimizing governance frameworks, enhancing decision-making processes, and promoting entrepreneurial spirit within SOEs [14]. Group 6: Support for Private Enterprises - The private sector is seen as a crucial driver of modernization and high-quality development, with initiatives aimed at guiding private enterprises to establish modern governance structures [15][16]. - The All-China Federation of Industry and Commerce is leading efforts to provide training and support for private enterprises to enhance their governance practices [16]. Group 7: Service System for Enterprises - The "Opinions" and the recently implemented "Private Economy Promotion Law" emphasize the need to improve the service and support systems for private enterprises [17][18]. - Future actions will focus on removing market entry barriers, protecting the rights of private enterprises, and fostering a supportive environment for their growth [19].

Core Viewpoint - The article discusses the implementation of the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics," emphasizing the importance of enhancing corporate governance and promoting high-quality development in various enterprises across China [2][6][8]. Group 1: Regulatory Framework and Governance - The China Securities Regulatory Commission (CSRC) is focused on improving corporate governance among listed companies, implementing various measures to enhance compliance and operational standards [3][15]. - The CSRC has initiated a two-year special action plan to address deep-seated governance issues, including the reform of independent director systems and stricter delisting standards [3][15]. - In 2024, the total dividends distributed by the market reached 2.4 trillion yuan, and share buybacks amounted to nearly 150 billion yuan, both setting historical records [3][15]. Group 2: Implementation of the Opinions - The National Development and Reform Commission (NDRC) will work with relevant parties to ensure the implementation of the Opinions, focusing on tailored strategies based on enterprise size, development stage, and ownership type [2][8]. - The Opinions consist of 19 specific measures aimed at enhancing corporate governance structures, improving management levels, and fostering innovation within enterprises [8][26]. Group 3: Role of State-Owned Enterprises - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the integration of party leadership into corporate governance and the optimization of governance structures within state-owned enterprises [4][18]. - SASAC aims to enhance the effectiveness of state-owned enterprises by refining their governance mechanisms and promoting the entrepreneurial spirit among leaders [4][18]. Group 4: Support for Private Enterprises - The All-China Federation of Industry and Commerce is leading initiatives to guide private enterprises in establishing modern enterprise systems, emphasizing the importance of governance and risk management [5][19]. - By 2025, pilot programs will be implemented in selected enterprises to promote the establishment of modern enterprise systems, encouraging broader participation from private companies [5][20]. Group 5: Innovation and Management - The Opinions highlight the need for enterprises to enhance their innovation capabilities and management practices, focusing on creating a collaborative innovation ecosystem [12][32]. - Specific measures include improving the allocation of innovation resources and establishing incentive mechanisms that promote long-term value creation [12][32]. Group 6: Social Responsibility and Corporate Culture - The article stresses the importance of integrating corporate social responsibility into business operations, encouraging enterprises to contribute positively to society while pursuing profitability [33]. - It advocates for the cultivation of a corporate culture that aligns with traditional Chinese values, promoting integrity and innovation within business practices [33].

Group 1 - The Chinese supply chain is undergoing a reshaping and restructuring process as companies expand overseas, requiring them to develop new capabilities and organizational structures [2] - 52TOYS is struggling to replicate the high-profit model of Pop Mart, indicating challenges in the toy industry [3] - The perception of Chinese electric vehicles as "cheap" by Western media highlights the need for better positioning in international markets [4] Group 2 - The Chinese government aims to enhance the modern enterprise system by 2035, focusing on improving international competitiveness and governance structures [5] - Meituan's new business segment reported a revenue increase of 19.2% to RMB 22.2 billion, with operating losses narrowing by 17.5% to RMB 2.3 billion [6] - The surge in shipping demand due to reduced tariffs between China and the U.S. has led to a significant increase in freight rates, with prices rising over 40% [7] Group 3 - SoftBank's Masayoshi Son proposed the establishment of a U.S.-Japan sovereign wealth fund for large-scale investments in technology and infrastructure, potentially requiring around $300 billion in initial capital [8] - Tesla's CEO Elon Musk has returned to a full-time work schedule, focusing on key projects, while a former Tesla executive criticized the suitability of the Optimus robot for factory work [8] - The establishment of a new round of financing for ZhiYuan Robotics, backed by JD.com and other investors, indicates growing interest in robotics technology [9] Group 4 - GAC Group launched its "Brazil Action" strategy, introducing five new car models in Brazil, aiming to strengthen its market presence [9] - Four Chinese companies are interested in investing in electric vehicle manufacturing in Indonesia, reflecting the growing global interest in EV production [9]

Core Points - The All-China Federation of Industry and Commerce (ACFIC) is leading the research and development of guidelines for establishing and improving a modern enterprise system with Chinese characteristics [1] - ACFIC is conducting training and exchange activities aimed at entrepreneurs and senior executives to enhance their understanding of the importance and necessity of a modern enterprise system for sustainable and healthy development [1] - ACFIC plans to pilot the establishment of this modern enterprise system in 2025 among its executive member enterprises and selected provincial and municipal level enterprises, encouraging county-level federations to participate as well [1] Summary by Categories - **Research and Development** - ACFIC is spearheading the formulation of guidelines for modern enterprise governance [1] - The initiative aims to create a framework that supports the healthy development of enterprises [1] - **Training and Awareness** - ACFIC is organizing training sessions to help entrepreneurs recognize the significance of a modern enterprise system [1] - The focus is on fostering a deeper understanding of governance modernization among business leaders [1] - **Implementation and Pilot Programs** - ACFIC aims to implement pilot programs in 2025 within its member enterprises and selected provincial federations [1] - The initiative seeks to provide a model for private enterprises to enhance their governance structures [1]