CCTV News: On January 17, the State Information Office held a series of press conferences on "The achievements of China's high-quality economic development" to introduce the relevant situation of the high-quality development of central enterprises. A reporter asked: We learned through some data that central enterprises' investment in the fourth quarter of last year was increasing. Can you introduce to us the overall situation of central enterprises' investment in 2024? In addition, what other areas will be increased in 2025?

Dai Xi, director of the Planning and Development Bureau of the State-owned Assets Supervision and Administration Commission of the State Council, said that state-owned central enterprises attach great importance to expanding effective investment, and believe that it can not only expand capacity and storage for their high-quality development, but also hope to play a leading and driving role in the investment of the whole society. Since September last year, the CPC Central Committee and the State Council have stepped up efforts to launch a package of incremental policies. The State-owned Assets Supervision and Administration Commission of the State Council simultaneously launched a special work on stabilizing investment in the fourth quarter and introduced 8 incremental measures to guide and promote central enterprises to stabilize investment and expand investment based on scientific argumentation. They use real money to drive economic growth, which mainly presents three characteristics:

First, the scale of investment has grown steadily, and take the lead in stabilizing expectations and confidence. In 2024, the growth rate of fixed asset investment in central enterprises reached 3.9%, especially the investment pace in the fourth quarter accelerated significantly, an increase of 11.3% year-on-year. At the same time, central enterprises also manage national-level funds, special funds and industrial funds with actual paid scale of over one trillion yuan, and their investment efforts are also increasing, further stabilizing market expectations and boosting social confidence.

Secondly, the investment structure has been further optimized and has made due contributions to the construction of a modern industrial system. Central enterprises completed 2.7 trillion yuan in strategic emerging industries throughout the year, an increase of 21.8% year-on-year, accounting for 40% of the total investment for the first time, and investment in the implementation of old equipment renewal and digital green transformation exceeded 800 billion yuan. Many central enterprises are looking for the "second curve" of growth in their investment layout, and enterprise groups in traditional business areas are actively deploying new fields and new tracks such as new materials, biomanufacturing, and intelligent connected vehicles. Recently, we have also jointly introduced policies and measures to promote the high-quality development of venture capital funds for central enterprises, hoping that central enterprises will promote production through investment, drive a group of high-quality start-ups to grow together, and make more contributions to my country's forging new quality productivity and winning the initiative in development.

The third aspect is that investment efficiency continues to improve, and the foundation for industrial development is continuously consolidated. Central enterprises continue to expand infrastructure investment in power grids, communication networks, oil and gas pipelines, etc., which have large investments and long returns cycles, but have wide impact and strong radiation effects. Power grid power companies invest 1.9 trillion yuan in backbone network construction and power resource guarantee; telecommunications companies implement the special action of "signal upgrade", and the mobile network continuously covers 47,000 kilometers of railways, 370,000 kilometers of highways, and more than 240 subways. These similar investments effectively reduce the production costs of the whole society and enhance the overall competitiveness of the industry.

Dai Xi said that in 2025, the State-owned Assets Supervision and Administration Commission of the State Council will continue to promote central enterprises to take the lead and take the initiative, adhere to the equal emphasis on "expansion" and "effectiveness", calculate financial accounts and more strategic accounts, emphasize more on the benefits and value of investment, emphasize more on growing together with partners, and take the lead in improving market expectations. Specifically, it is mainly to increase efforts in industrial renewal, promote the implementation of the strategic emerging industry investment doubling plan, continue to plan on new industries and new tracks, concentrate resources to increase investment, accelerate cultivation, and strengthen coordination; increase efforts in scientific and technological innovation, focus on scientific and technological attributes, technical value, and emerging fields, promote the implementation of a number of key projects that strengthen and supplement chains, insist on investing in new, early, small, and hard technology, and cultivate a group of technology enterprises with core competitiveness; increase efforts in equipment renewal, insist on demonstration and leading and leading, and lead the entire industry to form a scale effect and drive the investment growth of the whole society.