The Information Office of the People's Government of Shandong Province held a press conference on November 7 to introduce the deepening reform of provincial-level enterprises and their operation in the first three quarters.

It is learned that Shandong will implement "Ten Actions" including "Special Action for Improving the Scientific and Technological Innovation Capability of Key State-owned Enterprises", establish and improve "Ten Mechanisms" such as "Diversified R&D Investment Mechanism", and build "Eight Platforms" such as "High-level R&D Platform". The reform aims to realize the following goals, by 2025, the R&D investment intensity of provincial-level key manufacturing enterprises will reach more than 5%, the revenue of strategic emerging industries of provincial-level enterprises will reach 18%, and the proportion of total assets in key sectors such as energy resources, food supply, infrastructure, and digital economy will increase by approximately 2 percentage points.

The generation of investment driving effect should be accelerated. In the first three quarters, the fixed-asset investment of provincial-level enterprises reached 129.26 billion yuan, with a growth of 8.4%. The construction of key industrial projects such as Shandong Energy Bozhong Offshore Wind Power Project and Sinotruk New Energy Heavy Truck was accelerated, and major infrastructure projects such as Jinan Airport Phase II and Qingdao Port Qianwan Port Area Automation Terminal Phase III were fully promoted.