CSCEC Gains Achievements in SOE Reform

China State Construction Engineering Corporation (CSCEC) signed new projects valued at 3.2 trillion yuan ($495.36 billion) in 2020 thanks to its efforts in implementing the Three-Year Action Program (2020-2022) for SOE reform.

Optimize management control

Adhering to the Three-Year Action Program for SOE reform, CSCEC made a detailed layout which included 105 missions and measures in eight aspects.

The company improved management mechanisms and modern enterprise regulations to inspire enterprise vitality.

It also highly valued mixed-ownership reform, a key to SOE reform.

For example, the company joined hands with Ultrapower, a private company, and established a joint venture focusing on development of high-tech intelligent technologies.

CSCEC's Second Construction Co., Ltd. of China Construction First Group increased its capital and shares, taking its registered capital to 533 million yuan.

In addition, CSCEC also handled subsidiaries that were showing low efficacy.

Performance assessment and compensation allocation systems were a highlight in the company's reform as it strove to make full use of talents and encourage their enthusiasm for their work.

Improve technological innovation

CSCEC has emphasized development of key technologies to improve its core competitiveness since the start of the Three-Year Action Program for SOE reform.

Responding to the outbreak of the COVID-19 pandemic in early 2020, the company completed the Huoshenshan and Leishenshan makeshift hospitals in Wuhan, Central China's Hubei Province, in 10 and 12 days respectively, making use of its rapid construction technology for anti-pandemic facilities.

It later built 119 medical facilities with high quality applying its integrated technology of anti-pandemic project construction and integrated whole industrial chain capacity, which provided strong support for pandemic prevention and control.

Self-reliant technology has been a strategic principle of CSCEC.

It took a lead in new type building technology development, promoted green, smart, and industrialized construction and played a role in urban upgrading, comprehensive treatment of basin regions, smart city construction, underground logistics, and robot and smart technology development.

It also released a plan which cleared the company's main research directions and missions and made 30 measures to strengthen technological innovation capacity and promote its internal high-quality development.

What's more, the company also built professional talent groups, sped up construction of technological innovation platforms, and improved its technological management system and capacity as well as its investment mechanism of research and development.

Promote modern industrial supply chain

Construction supply purchase in China has been impacted by over-elaborate contract modes, complicated management methods and scattered project sites for a long time.

To ease the problem, CSCEC launched a joint purchase mode and built a virtual regional purchase center, both of which now play roles in material purchasing.

Take the joint purchase of reinforcing steel bars in East China in November 2020 as an example. With a purchase amount of more than 40 billion yuan, the project, which included purchase demands for 10 million tons of rebar from four provinces and a city, completed the entire bidding within an hour.

CSCEC also made progress in digital transformation.

A pioneer in digital economy development, the company built an e-commerce platform for the construction industry that gained 930 billion yuan in trading volume in 2020.

It also constructed a national real-name registration system for building workers. The roughly 29.05 million workers and 284,000 projects registered on it now have their immigrant workers' legal rights and interests protected.

Last but not least, CSCEC also independently developed a smart construction site platform which applies such cutting edge technologies as artificial intelligence, sensor technology and virtual reality to engineering, machinery and construction sites, creating an internet of things and promoting digitalization in the construction industry.

(Executive editor: Wang Ruoting)