On April 28, the State Council's State-owned Assets Administration Commission held an on-site promotion meeting on state-owned enterprise reform, deepening and upgrading actions in Zhuzhou, Hunan. Wang Hongzhi, deputy director of the State Council's State-owned Assets Administration Commission, said at the meeting that superior resources will be gathered to develop strategic emerging industries. On the basis of identifying industrial entry points in conjunction with reality, we must insist on progress and retreat, adjust the structure, and free up resource space to develop new industries by revitalizing inefficient and ineffective assets and idle land. We need to make good use of leverage and leverage more social capital to develop new industries collaboratively. It is necessary to make flexible use of mergers, acquisitions and restructuring, listing financing, industrial collaboration, and joint research methods to develop new industries. Based on the actual situation of industrial development, it is necessary to quickly enter industries with an urgent development situation through mergers and acquisitions, etc., to gain valuable strategic opportunities. It is necessary to do a good job of integration after mergers, acquisitions and restructuring to provide the new model, new mechanism, and new atmosphere necessary for the development of new industries. (Securities Times)