On this day, 26 years ago, September 22, 1999 (August 13, 1999 in the lunar calendar), the Fourth Plenary Session of the 15th Central Committee of the Communist Party of China was held. The Fourth Plenary Session of the 15th Central Committee of the Communist Party of China was held in Beijing from September 19 to 22, 1999. The plenary session reviewed and approved the "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning the Reform and Development of State-owned Enterprises." The plenary session believed that promoting the reform and development of state-owned enterprises is an important and urgent task. State-owned enterprises are the backbone of the national economy. To complete the grand tasks of my country's cross-century development set by the 15th National Congress, establish and improve the socialist market economic system, and maintain the sustained, rapid and healthy development of the national economy, we must vigorously promote the institutional reform, mechanism transformation, structural adjustment and technological progress of state-owned enterprises. At present, the reform and development of state-owned enterprises are in a critical period, and some deep-seated contradictions and problems must be resolved. It is timely and necessary for this plenary session to focus on the problems of state-owned enterprises. The plenary session spoke highly of the important role of state-owned enterprises in promoting my country's economic and social development and consolidating the socialist system. They agreed that in the 50 years since the founding of New China, especially since the reform and opening up, our party has led the people of all ethnic groups to work tirelessly to transform our country from a poor and backward agricultural country into a socialist country that is about to enter a moderately prosperous society and make great strides towards the goals of industrialization and modernization. country. This is a great historic leap in the development process of the Chinese nation. State-owned enterprises and the working class have made indelible and significant contributions to this end. Faced with fierce international competition at the turn of the century, we must enhance the country's economic strength, national defense strength and national cohesion. We must seize the opportunity to promote the reform and development of state-owned enterprises as a whole, promote the development and growth of the state-owned economy, and enable the state-owned economy to play a better role in the national economy. Play a leading role. The plenary session determined the main goals and guidelines that must be adhered to for the reform and development of state-owned enterprises from now until 2010. The plenary session emphasized that to complete this historical task, we must first do our best to achieve the three-year goal of reforming and rescuing state-owned enterprises. It is necessary to proceed from the reality of different industries and regions and in accordance with the objective process of unbalanced development, focus on focusing on key industries, key enterprises and old industrial bases, combine the solution of current outstanding problems with long-term development, and create favorable conditions for the cross-century development of state-owned enterprises. The plenary session pointed out that the strategic adjustment of the layout of the state-owned economy must be combined with the optimization and upgrading of the industrial structure and the adjustment and improvement of the ownership structure, insisting on advancing and retreating, doing something but not doing something, and improving the control of the state-owned economy. The state-owned economy must dominate important industries and key areas that are related to the lifeline of the national economy. In other industries and fields, through asset reorganization and structural adjustment, we can concentrate efforts, strengthen key points, and improve the overall quality of the state-owned economy. Actively explore multiple effective forms of public ownership, vigorously develop joint-stock and mixed-ownership economies, and hold important enterprises controlled by the state. Continue to implement strategic reorganization of state-owned enterprises, give full play to the role of market mechanisms, focus on cultivating large enterprises and enterprise groups, and liberalize and revitalize state-owned small and medium-sized enterprises. We must attach importance to the important role of small and medium-sized enterprises of all types of ownership in promoting economic and social development, actively support technology-based enterprises, and cultivate a service system for small and medium-sized enterprises. The state must increase its support for the adjustment of the state-owned economic layout and enterprise reorganization in old industrial bases, central and western regions, and ethnic minority areas. The plenary session pointed out that establishing a modern enterprise system is the direction of state-owned enterprise reform and an effective way to combine public ownership with the market economy. It is necessary to continue to promote the separation of government and enterprises, and actively explore effective forms of state-owned asset management in accordance with the principles of state ownership, hierarchical management, authorized operation, and division of labor supervision. Implement standardized corporate reform for large and medium-sized state-owned enterprises, establish and improve the corporate governance structure, and strive to transform operating mechanisms for the market. Establish an income distribution system that is compatible with the modern enterprise system and form an effective incentive and restraint mechanism. We must effectively strengthen enterprise management, attach importance to the study of enterprise development strategies, improve and improve various rules and regulations, strictly manage enterprises, pay close attention to weak links, and widely adopt modern management techniques, methods and means to improve economic efficiency. The plenary session believed that improving the asset-liability structure of state-owned enterprises and reducing the social burden on enterprises must be combined with deepening internal reforms of enterprises, establishing new mechanisms, and strengthening scientific management. According to the macroeconomic environment and national financial resources, we will distinguish different situations, take practical and effective measures to resolve them step by step, help enterprises increase capital and reduce debt, and promote debt and asset restructuring. Governments at all levels must actively support and steadily advance the separation of enterprises from running society. Continue to do a good job in reducing staff and increasing efficiency, re-employment and social protection, open up employment opportunities, guide employees to change their concept of career selection, and form a market-oriented employment mechanism. The plenary session pointed out that to adapt to the general trend of global industrial structural adjustment and changes in domestic and foreign market demand, it is necessary to accelerate the technological progress and industrial upgrading of state-owned enterprises. It is necessary to be market-oriented, use advanced technology to transform traditional industries, and strengthen the technological transformation of existing enterprises around increasing varieties, improving quality, improving efficiency and expanding exports. In emerging industries and high-tech industries, state-owned enterprises must occupy an important position, master core technologies, and play a leading role. Adopt effective policies and measures to increase investment in technological transformation in key industries, key enterprises, and key products. It is necessary to form an enterprise-centered technological innovation system, promote the integration of industry, academia and research, and promote the transformation of scientific and technological achievements into real productivity. Continue to do a good job in macro-control and related supporting reforms, maintain the basic balance of the total economic volume, expand opening up to the outside world, improve the legal system of the socialist market economy, develop various markets, maintain economic order, and create a good external environment for the reform and development of state-owned enterprises. The plenary session emphasized that strengthening and improving the party's leadership is the fundamental guarantee for accelerating the reform and development of state-owned enterprises. We must establish a leadership system and organizational management system for state-owned enterprises that are in line with the laws of the market economy and our country's national conditions, strengthen the construction of enterprise leadership teams, give full play to the political core role of enterprise party organizations, and adhere to the policy of relying wholeheartedly on the working class. Adhere to and improve the enterprise democratic management system with employee congresses as the basic form. Promote the construction of spiritual civilization in enterprises and strengthen and improve ideological and political work. Efforts must be made to build a team of high-quality business managers, standardize and improve the methods for cultivating, selecting, managing, assessing and supervising business managers, and create a social environment for the healthy growth of business managers and entrepreneurs. Party committees and governments at all levels must firmly stand at the forefront of reform, emancipate their minds, seek truth from facts, proceed from the reality of state-owned enterprises in all walks of life, unite and lead the cadres and the masses to face difficulties and forge ahead.