On February 24, China Minmetals held a launch meeting for the "Management Improvement Year" campaign. The meeting involved an in-depth study and implementation of General Secretary Xi Jinping’s key discourses on the reform, development, and Party building of SOEs. It aimed to fully implement the requirements set during the China Minmetals 2026 Annual Work Meeting. By benchmarking against world-class management standards and building upon the achievements of the 2025 "Management Standardization Year," the meeting conducted a systematic deployment and comprehensive mobilization for the "Management Improvement Year" campaign.

Chen Dexin, Secretary of the Party Leadership Group and Chairman of China Minmetals, presided over the meeting and delivered a speech. Zhu Kebing, Deputy Secretary of the Party Leadership Group, Director, and General Manager of China Minmetals, presented the implementation plan for the special action. Other members of the China Minmetals leadership team attended the meeting.

The meeting re-examined and deepened the understanding of General Secretary Xi Jinping’s important speech at the 2016 National Conference on Party Building in SOEs. It was noted that the "Management Improvement Year" campaign is a concrete step to uphold the principle of strengthening Party leadership while improving corporate governance and a vital tool for integrating Party building with production and operations. It serves as a key measure to transform the Party’s political and organizational strengths into development and competitive advantages for the enterprise.

China Minmetals must align their thinking, build consensus, and ensure rigorous implementation, utilizing the effectiveness of management improvement to drive high-quality development.

In his speech, Chen Dexin pointed out that the "Management Improvement Year" campaign carries great significance and practical urgency. It is an essential requirement for implementing General Secretary Xi Jinping’s key instructions, a pivotal move to fulfill the "Three Mores" requirements, and a necessary response to the "confluence of the three periods" (the period of shifting growth rates, structural adjustment, and the digestion of previous stimulus policies).

Through this special action, enterprises at all levels are encouraged to accelerate the construction of a modernized management system characterized by legally defined powers and responsibilities, clear processes, rigid execution, penetrating supervision, digital-intelligent support, and efficient synergy. The Group aims to enhance its capacity to support national resource security, lead industrial upgrading, and safeguard steady operations. It will strive for three major breakthroughs: solving internal development puzzles, fixing management weaknesses, and solidifying the foundation for high-quality development.

Chen emphasized that the Group must focus on system construction and rigid execution. A correct perspective on performance must guide the sense of mission and responsibility. Using SASAC Order No. 46 as a benchmark, the Group must strictly adhere to compliance red lines. It should take proactive initiative by consolidating the results of management standardization and deepening digital transformation.

The "Must do, Never do, and Strive to do" requirements must be understood systematically and practiced holistically. By anchoring goals, strictly guarding bottom lines, and advancing in a step-by-step manner, the Group will drive a phased leap in management systems and capabilities through collective hard work. This will accelerate the upgrade of corporate governance from "tangible coverage" to "effective coverage."

The meeting also conducted a briefing on the Administrative Measures for Accountability of Central SOEs for Unauthorized Operations and Investment (SASAC Order No. 46).

The meeting was held in a hybrid format, with participants attending both in person and via video link. Attendees included heads of the Disciplinary Inspection and Supervision Group stationed at China Minmetals, leadership members and experts from headquarters departments, external directors, and leadership teams of directly managed enterprises and key subsidiaries.