NHK:

In June, the People's Daily reported that the building of Party organizations had been written into the regulations of more than 3,000 enterprises. Would you please briefly explain this?

Xiao Yaqing:

We appreciate our foreign friends' concern about Party building in SOEs.

Party building and the Party's leadership are a unique political advantage of SOEs, because all their progress has been made under the Party's leadership. For an enterprise with good management and strong competitive strength, the building of its team and top-level managers must be excellent as well. The leadership of the Party plays a very important role in the building of an enterprise's team and its top-level managers.

To give full play of the Party's leadership and its core political role, SOEs should stick to the political principle that all SOEs must be under the Party's leadership, and stick to the ultimate goal of establishing a modern enterprise system. The leadership of the Party should be emphasized during the improvement of SOEs' governance system.

Currently, 98 central SOEs have written Party building into their regulations. Notably, the responsibilities of two positions, the secretary of Party committee and the chairman of the board of directors, are borne by one person. This arrangement will strengthen the governance of enterprises.

In addition, Party building is strengthened during reforms. A series of measures have been taken to implement the responsibility system and simultaneously build Party organizations and working institutions. The heads and working staff of Party organizations are required to go to their duty posts at the same time. Party works are required to focus on enterprises' main business. As a result, the Party works and business operation of enterprises are integrated.

Another important point of Party building is to develop a team of enterprise leaders. We select personnel who possess management capabilities and are innovative, honest, just, and loyal to the Party. They are recruited into the management of SOEs, especially top-level management, so as to train and develop an excellent team of entrepreneurs.

On the other hand, to strengthen Party building within SOEs, we must unswervingly advance clean governance and anti-corruption work. Since the 18th CPC National Congress, we have worked hard in this regard, and achieved unprecedented results.

While deepening the reform of SOEs and increasing the value of State assets, we have strengthened anti-corruption work, which is the guarantee of success of all other works. After the 18th CPC National Congress, three rounds of nation-wide inspections were undertaken. Central SOEs removed a group of corrupt officials and closed loopholes to prevent the loss of State assets. More importantly, by strengthening the work of Party building, we have closed loopholes in the supervision and management system of State assets, thus ensuring the supervision system is sound and effective.

By upholding CPC leadership in SOEs, we should take improving enterprise efficiency and performance as the starting point and the ultimate goal of all Party building work, and treat the fruits of our reforms as a litmus test of the success of Party building. We can already see that enterprises able to undertake a better job in Party building possess a more vibrant staff and a better relationship between administrative personnel and common workers, so as to achieve stronger performance and greater competitiveness.

Japanese enterprises are famous for their unique business culture and personnel management. They have always placed great importance on team construction. Many of their ideas are worth learning.

In conclusion, Party building is an important foundation of SOE reform and development. It provides strong political support for raising the overall competitiveness of SOEs. Thank you.

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