This year is the end of the three-year reform of state-owned enterprises. All central enterprises and localities pay attention to shifting the focus of their work from focusing on the progress of reform to improving quality and seeking effectiveness, and promote the work of complementing strengths and weaknesses accurately, dynamically and efficiently. By the beginning of September, the completion rate of the reform work accounts of all central enterprises and local governments had exceeded 98%. The system and mechanism have been continuously improved. 99 state-owned enterprises have entered the 2022 World Top 500, including 47 central enterprises supervised by the State owned Assets Supervision and Administration Commission of the State Council; The main efficiency indicators of the central enterprises in the power generation, shipping, shipbuilding and other industries have reached the world-class level; A batch of world-class innovation achievements have emerged in aerospace, deep-sea, energy, transportation and other fields... The strength and vitality of state-owned enterprises continue to increase, which is inseparable from the in-depth promotion of three-year actions and the continuous improvement of the system and mechanism. ——The modern enterprise system with Chinese characteristics has become more mature and finalized. China Coal Group comprehensively combed and evaluated the quality of the "two items list" of decision-making and pre research discussion of the party committees of all enterprises, and urged the enterprises to revise and improve the list against the problems such as insufficient integration of the list content with the actual situation and weak operability. At the same time, we introduced systems such as guidelines for full-time directors to constantly improve the ability of directors to perform their duties, and better play the role of the Board of Directors in "determining strategies, making decisions, and preventing risks". In the first seven months of this year, China Coal Group achieved revenue of 173.5 billion yuan, up 15.4% year on year. The key to corporate governance lies in a clear division of rights and responsibilities. In the three-year action, FAW made great efforts to straighten out the management relationship between parent and subsidiary companies, adhere to the principle of "two hands, two hands hard" of authorization and supervision, and define the two categories of lists of headquarters' approval matters and authorized subsidiaries' matters in 18 areas such as strategy, products and engineering. Since the 18th National Congress of the Communist Party of China (CPC), state-owned enterprises have fully completed the "incorporation of Party building into the Constitution". The vast majority of enterprises have formulated a list of major business and management issues for pre research and discussion by the Party committee (leading group of the Party). The board of directors has basically completed its work and external directors account for the majority. The governance mechanism of all governance subjects is in the process of forming, featuring statutory rights and responsibilities, transparent rights and responsibilities, coordinated operation, and effective checks and balances. ——Solid progress was made in the reform of the three systems. In China Datang, the contractual management of the tenure system of the members of the management has achieved full coverage, and the withdrawal ratio of the managers has increased from 0.43% in 2021 to 2.79% at present; Accelerate the implementation of market-oriented employment system, and achieve full coverage of labor contract, post contract management and full staff performance appraisal. The market-oriented exit rate of employees reached 1.3%; The distribution mechanism was improved. The difference between the increase and decrease of the per capita salary of secondary enterprises reached 20%, and the maximum and minimum ratio of the annual salary of the heads of subsidiaries reached 2.04 times and 2.86 times respectively. At present, the three system reforms have broken the ice on a large scale in state-owned central enterprises. The next step will be to strive for universal and normalized operation in enterprises at all levels. In the three years of steady progress in professional integration, state-owned central enterprises focused on serving the national strategy, promoting the optimization of the layout and structure of the state-owned economy, promoting high-quality economic development, striving to improve the efficiency of state-owned capital allocation, and implemented a number of professional integration projects. Some are carried out among different central enterprises. On August 25, the inspection and testing enterprises affiliated to China Certification&Inspection Corporation and General Technology Group officially implemented professional integration, and the equity diversification reform of China Certification&Inspection Corporation started at the same time.