Zhang Yuzhuo investigates the development of strategic emerging industries of central enterprises in Shanghai.

From July 25th to 26th, Zhang Yuzhuo, the Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), conducted research in Shanghai on the layout and development of strategic emerging industries of central enterprises. He emphasized the need to thoroughly study and implement General Secretary Xi Jinping's important expositions on the development of new productive forces, accurately grasp the opportunities of the new round of technological revolution and industrial transformation, focus on national strategic needs and industrial upgrading needs, adhere to strategic orientation and long-termism, properly handle the relationship between traditional industries and emerging industries, effective investment and reasonable layout. The focus is on expanding strategic emerging industries and future industries, striving to open up the "second curve" of enterprise growth, continually enhancing core functions, improving core competitive advantages, and better playing a leading role in building a modern industrial system. During his visit, Zhang Yuzhuo also visited Kai Cytosine Biological, a strategic investment of China Merchants Group, and Yinoesi, a subsidiary of China National Pharmaceutical Group, exchanging ideas with R&D laboratories and research backbones, and getting a detailed understanding of the development effects in areas such as synthetic biology technology and "AI + new drug R&D". He pointed out that in recent years, China Merchants Group and China National Pharmaceutical Group have conducted in-depth research on industry situations, industry trends, and market trends, adhering to the real economy, focusing on biomanufacturing, medical health, artificial intelligence, and other niche tracks, actively exploring a development model that combines research and development, industrial mergers and acquisitions, and professional operations, forging core capabilities, and creating industry leaders. The SASAC will focus on exploring effective ways for investors to promote technological innovation and industrial innovation, strengthen institutional supply in new fields and new tracks, support central enterprises in enhancing innovation resilience, increase the scientific content of high-quality development, and cultivate more emerging pillar industries that lead the industry upgrade and seize the future development high grounds. Zhang Yuzhuo emphasized that to strengthen and expand state-owned capital and state-owned enterprises, it is necessary to firmly promote towards "new" forces, continuously improve technological innovation capabilities, apply technological innovation achievements to specific industries and industrial chains, transform and upgrade traditional industries, nurture and expand emerging industries, strengthen collaborative research and development with various types of enterprises in the industrial chain, and create a batch of marketable and competitive products and services. It is necessary to adhere to connotative development, high-quality M&A, focus on key investment areas selected in accordance with national industrial policies and the market orientation, invest early, invest in small, invest in hard technology, play the roles of long-term capital, patient capital, and strategic capital, and lead the integrated development of new tracks and new industries. It is necessary to accelerate the formation of production relations that are in line with new quality productive forces, complete the deepening and upgrading of state-owned enterprise reform with high quality, improve a sharp market perception mechanism, inspire enterprise development vitality and dynamic through enterprise leaders who dare to innovate and employees who dare to initiate. It is necessary to adhere to the leadership of the Party, strengthen Party building, regard the development of new productive forces as an important goal of enterprise party building work, promote the deep integration of party building work with production and operation and technological innovation work with high-quality party building to lead and guarantee the high-quality development of enterprises. During his visit to Shanghai, Zhang Yuzhuo was invited to attend the opening ceremony of the 2025 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence. Relevant leaders from the SASAC participated in the research.