Recently, the General Office of the Communist Party of China Central Committee and the General Office of the State Council issued the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics". What is the modern enterprise system with Chinese characteristics? What are the key points in the Opinion? The relevant person in charge introduced that the characteristics of the modern enterprise system with Chinese characteristics are mainly reflected in the leadership system, property rights structure, corporate governance, corporate innovation, social responsibility, corporate culture, and other aspects. This Opinion proposes 8 aspects and 19 specific measures in response to these characteristics. It is explicitly stated that after about 5 years, it is necessary to promote the establishment of a modern enterprise system with Chinese characteristics that is suitable for the national conditions, in line with reality, and meets development needs among eligible enterprises, and to fully play the role of promoting independent innovation, supporting industrial upgrading, and fulfilling social responsibilities. By 2035, the modern enterprise system with Chinese characteristics will be further improved, and the international competitiveness of enterprises will be comprehensively enhanced, laying a solid foundation for accelerating the construction of world-class enterprises. Strengthening the governance of state-owned enterprises to ensure the preservation and appreciation of state-owned assets. The reporter found that in multiple chapters of the "Opinions", the focus is on the governance of state-owned enterprises to ensure the preservation and appreciation of state-owned assets. What are the specific requirements? The relevant person in charge introduced that in the "Opinions", emphasis is placed on the institutional mechanism of the Party leading state-owned enterprises, clarifying the boundaries of the Party committee (Party group) in major decision-making, and exploring the model of combining the principles of Party management of cadres and talents with market mechanisms. At the same time, establish and improve risk warning and prevention mechanisms to ensure the preservation and appreciation of state-owned assets. At present, the proportion of central enterprise management personnel competing for positions has exceeded 60%, and the medium and long-term incentives have been expanded and improved, with a total of 368000 people incentivized. Next, the State owned Assets Supervision and Administration Commission of the State Council will guide state-owned enterprises to promote the integration of Party leadership into various aspects of corporate governance, ensure that the board of directors plays a central role in decision-making, implement the system of authorization from the board of directors to the management, and improve mechanisms for cultivating, selecting, appointing, assessing, and evaluating outstanding entrepreneurs. The Opinion released this time focuses on further stimulating the innovation vitality of enterprises, with a dedicated chapter on "Improving the Enterprise Incentive Innovation System". So, how to use incentive measures to promote enterprises to enhance their innovation capabilities? The relevant person in charge stated that we need to promote the transformation of enterprise development mode from scale and speed oriented to quality and efficiency oriented. Encourage large enterprises to open up innovation resources to small and medium-sized enterprises, improve the efficient allocation mechanism of innovation elements, and at the same time, establish a sound incentive mechanism for innovation orientation, give project teams full autonomy, and promote the transformation of talent advantages into innovation momentum. The reporter found that in the newly implemented "Private Economy Promotion Law", it is also proposed to encourage qualified private economic organizations to establish and improve the modern enterprise system with Chinese characteristics. The relevant person in charge introduced that as of the end of March this year, the number of registered private enterprises in China exceeded 57 million, with a large quantity and wide distribution, varying in scale, industry fields, and development stages. Therefore, it is necessary to promote entrepreneurs to fully understand the importance and necessity of improving the modern enterprise system with Chinese characteristics for the sustainable and healthy development of enterprises. At present, there are about 270000 executive committee enterprises of the National Federation of Industry and Commerce at the national, provincial, municipal, and county levels in the system. The vast majority of these executive committee enterprises are large in scale and have a good foundation. They are representatives of private enterprises and can play a demonstrative and leading role in institutional construction and governance reform. In the future, a series of training and exchange activities on modern enterprise system for entrepreneurs and corporate executives will be held, and pilot projects will be established in some executive companies with good working conditions to further drive more private enterprises to actively improve the modern enterprise system with Chinese characteristics. (New Society)