On December 5th, Mr. Yin Li, Vice Secretary of Sichuan Provincial Committee of the CPC, Governor of People’s Government of Sichuan Province, presided over the 18th executive meeting of the People’s Government of Sichuan Province to convey the key instructions of the important meetings and documents of the Party Central Committee and the State Council, to study work deployments related to industrial development, technological innovation, and the development of China (Mianyang) Sci-Tech City, and to call for rapid construction of the “5+1” industrial financial system to guide investment into the high-quality development of the “5+1” industry and provide targeted support.
In the meeting, the Plan for Constructing a Technology Transfer System in Sichuan Province was passed. It has laid out detailed arrangements for important work like building a demonstration zone for the transfer of scien-tech achievements, creating a unified and open technology market, putting in place technology transfer institutions, invest more talents into the special team for technology transfer, cultivating demonstration enterprises for technology transfer, and erecting platforms for technology transfer, encouraging collaborative cooperation of military-civilian science and technology, transforming more achievements of military-civilian integration, introducing scien-tech achievements to other regions, and ensuring solid protection over intellectual properties and their operations.
In the meeting, the Opinions on Promoting the Construction of "5+1" Industrial Financial System in Sichuan Province was passed. It has made explicit clarifications to provide overall solutions regarding the financial situation of “5+1” industries by allocating financial resources among the five major pillar industries with trillion-worth of market values such as electronic information, equipment manufacturing, food and beverage, advanced materials, energy and chemical industry, as well as the one industry of digital economy. Sichuan will basically finish building a well-equipped and risk-controllable industrial financial system with high efficiency and accuracy in five years’ time to promote the integration and interaction of industry and finance, thus delivering tangible benefits. The Opinions has laid out 23 specific measures in five aspects, namely integrating financial resources, improving financial services, optimizing financing structure, allocating financial resources, and creating a sound financial environment.
In the meeting, the Guiding Opinions for the High-Quality Development of State-Owned Enterprises in Sichuan Province was passed. It has proposed the idea to improve SOEs in three years and tackle key obstacles in five years, and to realize five goals of improving structure, increasing quality to secure more benefits, refining the systems of enterprises, highlighting the functions of capital, and optimizing modern enterprise systems. All measures are performed to make the state-owned capital more powerful and outstanding.
Other matters were also studied in the meeting. Before the executive meeting, Mr. Tang Jiqiang, Professor at the Southwestern University of Finance and Economics, introduced the high-quality development of Sichuan from the perspective of the transformation paths taken by some advanced world economies.
