Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) has issued the "Central Enterprises Development Planning Management Measures," establishing a three-level planning system for state-owned enterprises to enhance planning management and align with national strategies [1][2][3] Group 1: Planning System - The new measures emphasize the importance of a three-level planning system: overall development planning, key task planning, and enterprise planning, focusing on industrial optimization and adjustment [3] - The planning management system aims to create a full-process, monitorable, and evaluable framework to ensure effective execution and assessment of development plans [3][4] Group 2: Strategic Alignment - The measures provide a unified strategic direction for central enterprises, ensuring their development aligns with national strategies and enhances core competitiveness [2][3] - By implementing a more precise resource allocation through the three-level planning system, central enterprises can develop personalized plans within the overall strategic framework [2] Group 3: Management Mechanism - The measures introduce a closed-loop management mechanism for planning, execution, evaluation, and adjustment, ensuring comprehensive oversight at both the SASAC and enterprise levels [3][4] - The SASAC will enforce strict compliance with development plans, linking them to investment supervision, financial budgeting, and performance assessments [4]

Core Points - The State-owned Assets Supervision and Administration Commission (SASAC) has issued the "Central Enterprises Development Planning Management Measures," which emphasizes three main aspects: industry orientation, closed-loop management, and rigid constraints Group 1: Industry Orientation - The new measures establish a three-tier planning system consisting of "overall development planning for central enterprises + key task planning + enterprise planning," focusing on optimizing and adjusting industries. This aims to concentrate state-owned capital in sectors crucial to national security, the economy, public services, emergency capabilities, and strategic emerging industries [1] Group 2: Closed-loop Management - The measures enhance the closed-loop management mechanism at both the SASAC and central enterprise levels, covering planning formulation, execution, evaluation, adjustment, and assessment. This includes a "one enterprise, one policy" approach to review enterprise planning, ensuring alignment with national and industry planning indicators and key tasks [1] Group 3: Rigid Constraints - The measures strengthen hard constraints on institutional execution, making development planning a critical foundation for investment supervision, financial budgeting, capital operation budgeting, professional integration, performance assessment, and accountability. Issues such as significant deviations in development direction, severe delays in execution progress, and low development quality will lead to accountability actions as per relevant regulations [2]