On August 29th, Secretary Xie Manhua and Deputy Secretary Zhang Yifang of the Party Committee of our school went into the teaching front line, walked into the teaching classroom, carried out teaching inspections in the new semester, and got a comprehensive understanding of the classroom teaching situation on the first day of school.

Secretary Xie Manhua and Deputy Secretary Zhang Yifang conducted a comprehensive inspection of several professional programs, fully understood the situation of faculties' teaching, students' attendance, classroom teaching order, teaching facilities operation and teaching environment, and communicated cordially with faculties and students.

On the afternoon of August 22nd, 2022, the executive meeting of the EMBA Alumni Council of the School of Business, Sun Yat-sen University was successfully held in the South Campus of Sun Yat-sen University.

This meeting was divided into two parts, including the work report of the EMBA Alumni Council of the School of Business, Sun Yat-sen University, and the discussion on how to do a good job of the school's alumni work in the new context.

Associate Dean Zhang Junsheng fully affirmed the importance of the EMBA Alumni Council, and believed that with the joint efforts of the school leaders and alumni, the work of EMBA alumni will surely develop better and better.

Dean Wang Fan introduced the development status and achievements of the school to the members of the Alumni Council, as well as the school's development plan during the "14th Five-Year Plan" period.

Dean Wang Fan focused on introducing the school's development plan in terms of digital transformation and the medical and health sector, and explained the school's original intention and vision for setting up a professional degree office. At the same time, the school has established a new alumni work office, which will serve alumni more in depth, integrate resources and build bridges.

Qiu Yuhua - Executive Director of the EMBA Alumni Council of the School of Business, said that after one and a half years of development attempts, the Alumni Council has already implemented a lot of work.

Executive Secretary Lu Zhongwei summarized and reported the work of the Alumni Council in 2021-2022 with the theme of "Empowering the Future".

At the meeting, members of the EMBA Alumni Council and the school leaders had in-depth discussions on how to improve the organizational structure and daily management of the council, and how to promote the establishment and operation of the new association.

Secretary Xie Manhua made a concluding speech and put forward suggestions and expectations for the future work of the EMBA Alumni Council and the Alumni Work Office.

On August 15th, the "Guangdong State-owned Economic Research Think Tank" jointly established by Sun Yat-sen University and the State-owned Assets Supervision and Administration Commission, the People's Government of Guangdong Province was inaugurated. Chen Liangxian - Vice Governor of Guangdong Province, Peng Huagang - Member of the Party Committee and Secretary General of the State-owned Assets Supervision and Administration Commission of the State Council, Ren Xiaotie - Deputy Secretary-General of the Guangdong Provincial People's Government, Liu Sheng - Secretary and Director of the Party Committee of State-owned Assets Supervision and Administration Commission, the People's Government of Guangdong Province, Li Shanmin - Vice President of Sun Yat-sen University, Wang Fan - President Assistant of Sun Yat-sen University, Dean of the School of Business, and others attended the opening ceremony.

Guangdong State-owned Economic Research Think Tank was mainly constructed by the Enterprise Research Institute of Sun Yat-sen University. The Sun Yat-sen Institute of  Enterprise Research (SIER) is a high-end think tank for the reform and development of state-owned assets and state-owned enterprises based on the A+ discipline of Business Administration of the School of Business, Sun Yat-sen University and the national "double first-class" discipline construction. It is a decision-making consulting and research base in Guangdong Province.

On the morning of July 19th, the School of Business held the appointment meeting for members of the new administrative leadership team at S131.

At the meeting, Comrade Yang Xiaomeng - Director of the Organization Department of the Party Committee, read out the decision on the appointment and removal of cadres on behalf of the Party Committee of the university, and appointed Wang Fan as the Dean of the School of Business, and Zhang Junsheng, Li Weiwen and Qin Xin as the Associate Deans of the School of Business.

Subsequently, Comrade Yu Minbin - Deputy Secretary of the Party Committee of the university, issued appointment letters to the members of the new administrative leadership team, and congratulated them on behalf of the Party Committee of the university.

Comrade Yu Minbin expressed his full affirmation and heartfelt thanks to the achievements made by the previous leadership team, and hoped that the three new comrades in the team will quickly work in their roles, adapt to their positions, and show their talents and contribute to the further development of the School of Business.

Comrade Yu Minbin hoped that the School of Business would strengthen political construction, focus on talent cultivation, and promote the high-quality development of the school. He also hoped that the faculty and staff of the school would work harder and forge ahead to make new breakthroughs in the development of the school.

Afterwards, the members of the previous administrative leadership team, former Associate Dean Liu Jingyan and Zheng Guojian, respectively delivered their sincere resignation speeches.

Comrade Wang Fan delivered a speech on behalf of the new administrative leadership team. He expressed his gratitude to the previous leadership team for their concerted efforts and fulfilling their duties. The new administrative team will help the school to reach a new height of development.

Comrades Zhang Junsheng, Li Weiwen, and Qin Xin gave speeches in turn. They said that they would cooperate closely with the team members, do a solid job in service work, and work to bring out the full potential of the school's various undertakings.

Finally, comrade Xie Manhua made a statement on behalf of the Party Committee of the school. She thanked comrades Liu Jingyan and Zheng Guojian for their hard work and dedication to the development of the school, and congratulated the members of the new administrative leadership team, wishing them a great success and achievements.

The article "From Market Value Management to Value Creation Management: Exploring the Extended Growth Path of State-owned Enterprises" written by professor Chen Yugang and Ph.D. student Lu Jihua (National Social Science Fund project - periodical research results of "Study on Reform and Innovation of State-owned Enterprises Supervision System And Innovation", led by professor Xin Yu), after being published full-text in Economic Information Daily, Guangming Online and other mainstream media, it has achieved positive social effects.

The summary of the article is as follows:

In accordance with the work plan and requirements of the Central Leading Group for Comprehensively Deepening Reform, the SASAC issued the "Plan for Reforming the Authorized Operating System of State-owned Capital" (hereinafter referred to as the "Plan"). The "Plan" institutionalized the requirements of the 19th National Congress of the CPC on managing capital. The core of the change from managing enterprises to managing capital is to adjust the production relations, from managing enterprises and corporate governance to capital operation and management. The change of production relations, on the one hand, by investing in high-quality bids, it has improved the efficiency of the use of state-owned capital,  seized the development opportunities of strategic emerging industries and further liberated and developed productivity; On the other hand, through the orderly withdrawal methods such as de-capacity, funds were withdrawn for investment, the flow of state-owned capital was improved, and the sustainable development of state-owned capital has been realized.

At the same time, needless to say, due to the combined effects of various subjective and objective factors, in the process of the transformation of state-owned assets from managing enterprises to managing capital, many contradictions existing in the stage of managing enterprises will evolve and develop with the advancement of the reform, and eventually a series of new contradictions will also arise in the stage of managing capital. At this point, with a down-to-earth spirit and starting from the current situation, we believe that state-owned asset managers can adopt a new method of "value creation management" to help their investment decisions. Value creation management will provide state-owned assets managers a set of scientific and effective investment analysis system, enhance their professional skills and help them make correct investment decision, and innovate the original "market value management" model in the process of changing from managing enterprises to managing capital, to realize the transformation from "low capital efficiency" industries to "high capital efficiency" industries and from "low strategic value" industries to "high strategic value" industries, and further liberate and develop productivity.

Comparing market value management with value creation management, it can be seen that value creation management takes the maximization of capital utilization efficiency as the primary goal and focuses on quality, that is, not only the "quantity" of market value, but also the "quality" of value creation. The SASAC will change from focusing on the market value management of each enterprise to focusing on the value creation of each enterprise, so as to realize the entry and withdrawal of state-owned capital and complete the management of state-owned capital. The SASAC will realize the withdrawal of state-owned capital from inferior enterprises and invest state-owned capital in enterprises with strategic investment significance and large profit margins.

The SASAC and state-owned assets managers should take further liberating and developing productivity as the main goal in the process of changing from managing enterprises to managing capital, take into account the adjustment of production relations based on the level of residual value, transform the original market value management into a new value creation management, and take a new path for the state-owned capital to reply on both the endogenous growth of its own funds and the extended development of private equity investment funds.