On December 23, 2023, the 2023 Annual Conference on SOE Management, the 9th State-Owned Enterprise (SOE) Management Conference, was held at Beijing Conference Center. CR Capital MGMT's innovative case in party-building – “the Party-Building Brand “Ben·Ling” of CR Capital MGMT Leads Non-Public Sector Enterprises to Enhance Value Creation" – was honored with the second prize in the 9th SOE Innovation and Achievement on Management.
This conference was organized by China State-Owned Enterprise Management and the SOE Reform and Development Committee of the China Enterprise Management Research Association. It was co-organized by China Branding Institute, China National Knowledge Infrastructure (CNKI), and Innovation World Weekly. Centered around the theme “Creating Modern New SOEs and Enhancing New High-Quality Productivity,” experts, scholars, management from SOEs, and leading figures from innovative teams across the national state-owned asset and enterprise system, engaged in in-depth exchanges and discussions.
In the 2023 (9th) SOE Innovation and Achievement on Management evaluation, over 4,100 achievements (cases) were submitted nationwide. Out of these, 669 passed the initial review, and 202 were selected for the public announcement phase. The achievements of CR Capital MGMT received 73,973 votes, ranking 11th. Ultimately, 196 innovative achievements were approved through the final review. The “Ben·Ling” Party Building Brand innovative achievement of CR Capital MGMT was awarded the second prize and will be featured in the special issue, Annual Report of SOE Innovation and Achievement on Management (2023-2024). In the process of implementing the three-year SOE reform initiative, practicing CR Group's "Four Reshaping Initiatives”, and advancing the "1246" model, CR Capital MGMT's Party General Branch has thoroughly implemented the directives of General Secretary Xi Jinping. These directives emphasize strengthening the Party's leadership in enhancing corporate governance within state-owned and financial enterprises, and bolstering party organization in mixed-ownership and non-public sector enterprises. With a steadfast focus on the greater national interest, and aligning with the strengths of CR, the Branch meets the needs of the invested enterprises, integrating party building with post-investment fund management. Utilizing a party work methodology of "high-level positioning, grounded focus, and innovative thinking," it closely revolves around the central work of the enterprises. By making the preservation and appreciation of state-owned assets the starting point and goal of its party-building efforts, the Branch fully leverages the advantages of party organization in state-owned enterprises, persisting in integrating party building into the capital chain, and actively developing the "Ben·Ling" Party Building Brand.
After nearly three years of practice, the Party General Branch of CR Capital MGMT has developed and refined a strategy encapsulated in the principles of “Thoroughly Master, Inherit and Carry Forward", "Tailored Strategies for Each Enterprise, Precise Empowerment", and "Empowering the Future, Facilitating Upgrades". Based on the needs of the invested enterprises, and this strategy involves implementing multi-layered and categorized empowerment initiatives, designed to comprehensively support the full lifecycle of enterprise growth. This strategy has effectively led to the founding of invested enterprises in five key strategic emerging industries, including DIRUI, Extreme Vision, IKAS, and C&B Eureka, or the enhancement of their party organizations. Besides, it also solidifies the role of party building in guiding high-quality development, significantly enhancing the developmental capabilities of the invested enterprises.
Moving forward, CR Capital MGMT's Party General Branch will seize this award as a pivotal opportunity to thoroughly implement the group's dual-platform strategic mission of “Fund Management Platform + Direct Investment in New Battlefields”. The branch will continuously deepen the development of the “Ben·Ling” Party-Building Brand, empowering and guiding the high-quality growth of invested enterprises. This initiative is aimed at significantly contributing to the enhancement of new high-quality productivity.
