The State owned Assets Supervision and Administration Commission (SASAC) will further strengthen top-level design, optimize policies and measures such as assessment, investment and financing, personnel selection, and model innovation, play a combined role, guide and promote central enterprises to vigorously develop strategic emerging industries, accelerate the layout of new fields and new tracks of value creation, and create modern industrial clusters led by innovation. "On May 13th, Zhang Yuzhuo, Secretary and Director of the State owned Assets Supervision and Administration Commission of the State Council, said during a survey in Shanghai. The reporter noticed that this is the second time in just three days that the State owned Assets Supervision and Administration Commission has mentioned vigorously developing strategic emerging industries. On May 11th, when the Party Committee of the State owned Assets Supervision and Administration Commission held an expanded meeting, it was pointed out that "it is necessary to guide and promote central enterprises to increase their strategic layout in new generation information technology, artificial intelligence, integrated circuits, industrial motherboards, and other strategic emerging industries, promote the digital, intelligent, and green transformation and upgrading of traditional industries, and lead and drive China's industrial system to accelerate towards the high-end of the industrial chain and value chain Tian Lihui, Dean of the Financial Development Research Institute of Nankai University, stated in an interview with Securities Daily that central enterprises have a strategic and backbone leading role, as well as strong resource allocation and operational capabilities. To promote strategic emerging industries to become new growth points in China's economy, central enterprises need to become "pioneers" and "navigators" of strategic emerging industries. Tian Lihui stated that the State owned Assets Supervision and Administration Commission has repeatedly emphasized the promotion of central enterprises to increase their layout in emerging industries, which means that China urgently needs to catch up in the new generation of information technology, artificial intelligence, integrated circuits, industrial motherboards, and other aspects, strengthen the chain, solve the "bottleneck" problem, and carry out cutting-edge technological development of the times. In fact, in recent years, central enterprises have made remarkable progress in laying out strategic emerging industries. The reporter learned from the State owned Assets Supervision and Administration Commission that during the three-year action of implementing state-owned enterprise reform, since 2020, the average annual investment growth rate of central enterprises in strategic emerging industries such as new energy, new materials, and 5G applications has exceeded 20%. Improve the use of state-owned capital operating budget, invest over 10 billion yuan per year to support the construction of new industries such as automotive chips, and concentrate funds to support the development of key areas. This year, the State owned Assets Supervision and Administration Commission has explicitly proposed to strive for a 13% increase in the proportion of new investment in the manufacturing industry by central enterprises by 2023, and an increase of more than 2 percentage points in the proportion of strategic emerging industry layout. The cultivation of strategic emerging industries in the Zhuang region is related to the position and role of central enterprises in building a modern industrial system. Wang Peng, a researcher at the Beijing Academy of Social Sciences and the Intelligent Social Governance Research Center of Renmin University of China, told reporters that currently, many state-owned enterprises have certain advantages in strategic emerging industries, whether it is technology reserves, financial resources, brand influence, or the control ability of the entire industrial chain ecosystem. In the future, central enterprises need to participate in a more in-depth and three-dimensional manner in vigorously developing strategic emerging industries, focusing on the layout and development of new generation information technology, artificial intelligence, integrated circuits, industrial motherboards and other sub sectors. On the one hand, to achieve the intelligent, digital, and green transformation and upgrading of traditional industries, central enterprises should lead and drive China's industrial system to accelerate towards the high-end of the industrial chain and value chain. On the other hand, central enterprises need to accelerate the layout of new areas of value creation