Central enterprises are expected to play a pivotal role in demonstrating and leading high-quality economic development within the national economyThe current economic landscape underscores the importance of expanding domestic demand, which is crucial for stabilizing economic growth and promoting an internal economic cycle

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Expanding effective investment has emerged as a strategic initiative to bolster domestic demand and is seen as a critical move in this direction.

"Effective investment" is distinguished from blind speculation or indiscriminate funding approaches; rather, it requires strategic targeting and effectively utilizing policies associated with "New Infrastructure" and "New Consumption." These areas not only represent the direction of future economic growth but also play a significant role in driving industrial upgrades and innovationBy leveraging these policies, capital can be steered toward projects characterized by high growth potential and innovative capabilities, injecting fresh vigor into economic development.

Moreover, increasing investment in significant projects and key areas is pivotal for expanding effective investmentMajor projects often entail large-scale investments with substantial ripple effects on the economy, rapidly generating jobs and stimulating growthIn contrast, key areas such as high-end manufacturing and emerging strategic industries are essential for enhancing the country’s core competitivenessTo facilitate the execution of these projects, inter-departmental cooperation must be strengthened, approval processes streamlined, and overall work efficiency improved to ensure timely, quality, and quantity-compliant project completion.

Investment must focus on technological attributes, technological value, and emerging sectors, in alignment with the trends of our eraWith rapid technological advancements, innovation has transformed into a core component of economic development

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Implementing critical projects aimed at reinforcing industrial chains will help improve the autonomy and control over key industries while enhancing China's voice within the global industrial chainFor instance, greater investment in the semiconductor sector's vital technology research and production can effectively address key issues within the chip industry, thus bolstering the overall competitiveness of the domestic semiconductor market.

In addition to expanding effective investment, continuously improving the quality of central enterprise-controlled publicly-listed companies is equally vitalThese publicly-listed enterprises are fundamental actors in the capital market, and their quality directly influences the stability and health of the marketEnhancing market capitalization management is an important strategy for boosting the quality of centrally-controlled companiesRather than simply striving for an increase in stock prices, it requires aligning market capitalization with the intrinsic value of the enterprise to achieve a reasonable match.

Supporting value investing, rational investing, and long-term investment encourages investors to adopt appropriate investment philosophies, steering clear of short-term market fluctuations and speculative activitiesThis not only maintains market stability but also ensures that companies receive steady financial support for long-term growth.

Many industry insiders believe that market capitalization management will remain a crucial focus for central enterprises in the upcoming years, targeting 2025 as a pivotal moment

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The State-owned Assets Supervision and Administration Commission (SASAC) is actively promoting the importance of market capitalization management within state enterprises, a strategic move with expansive implicationsSome central enterprises have already established market capitalization management systems, paving the way for fruitful explorations and practices that provide valuable references for other state enterprises.

Emphasizing a scientific approach to market capitalization management will prompt central enterprises to consider various facets such as development planning, operational performance, and market image from a strategic standpointBy optimizing corporate governance structures, enhancing information disclosure, and elevating brand value, the drive for increasing enterprise value can be furtheredFor example, strengthening technological innovation can enhance core competitiveness, subsequently improving profitability and market valuationAdditionally, fulfilling social obligations becomes essential to build a positive corporate image, thus bolstering investor confidence.

To sum up, maximizing the demonstration effect of central enterprises while simultaneously expanding effective investments and enhancing the quality of listed companies is indispensable for propelling China’s high-quality economic growth and stabilizing the capital marketsAs policies and strategies continue to unfold, central enterprises are poised to play an increasingly significant role in the national economy, ultimately contributing to the sustainable development of the country's economy.