The first is to stop bleeding, that is, to further increase the clean-up of non-performing assets, especially loss-making assets enterprise projects. The significance of this work is that after the disposal of non-performing assets and loss reduction, the bleeding hole is blocked, which is a good hemostasis method. In addition, we should strictly control financial integration, high-risk business, debt investment, including international operation and other risks, and strive to stop bleeding.
The second is to enrich blood, expand equity financing through capital market and debt-to-equity swap, introduce all kinds of capital, and carry out mixed reform and equity diversification reform. The reform of mixed ownership is the mutual integration and development of various capitals, which will also bring capital and be conducive to deleveraging. Therefore, further efforts should be made in this regard. Whether it's blood supplement or blood transfusion, do you think it's government blood transfusion? This has nothing to do with the government, it is completely market-oriented, and it uses market-oriented ways and means to increase capital for enterprises.
The third is hematopoiesis. Further promote slimming and fitness, improve quality and efficiency, improve management level and capital use efficiency, enhance value creation ability, and continuously increase business accumulation. At the same time, the State-owned Assets Supervision and Administration Commission will further implement classified management and control, strengthen work supervision, and intensify the assessment of reducing leverage and debt to ensure the implementation of the task of reducing leverage this year.