On October 29, the SASAC Party Committee of The State Council held an expanded meeting.

The meeting pointed out that General Secretary Xi Jinping made important instructions on the establishment of China Resources Recycling Group, and Prime Minister Li Qiang gave instructions, which fully reflected the Party Central Committee and the State Council's far-sightedness in improving a green, low-carbon, circular development economic system and their ardent expectations for China Resources Recycling Group. It points out the direction and provides fundamental guidance for state-owned central enterprises to rely on China Resources Recycling Group to accelerate the development of the resource recycling industry.

It is necessary to resolutely unify thoughts and actions to the spirit of General Secretary Xi Jinping’s important instructions, further enhance the sense of responsibility, mission and urgency to do a good job in all work, guide China Resources Recycling Group to deeply understand its mission and responsibilities, and firmly grasp its functional positioning , continue to deepen reforms, strive to smooth the resource recycling chain, create a national and functional resource recycling platform, and promote the continuous improvement of the quality and level of national economic recycling.

The meeting emphasized that the establishment of China Resources Recycling Group is of great significance for maintaining the security of national strategic resources and enhancing the resilience of the industrial chain and supply chain. We should focus on national strategies, give full play to the role of China Resources Recycling Group as a national and functional platform, build a multi-level, three-dimensional and efficient resource recycling and reuse system in combination with the development of the industry, and accelerate the construction of a world-class resource recycling and reuse industry group. We must insist on focusing on the main responsibilities and main business, strengthen technological innovation, management innovation and business model innovation, continue to increase innovation and research and development efforts, improve the level of resource recycling, and promote the formation of a number of deep processing industry clusters in the field of circular economy.

The State-owned Assets Supervision and Administration Commission of the State Council will continue to guide and promote enterprises to accelerate the improvement of organizational systems, do a good job in linking up with various requirements of state-owned assets supervision, guide enterprises to focus on layout in the fields of waste power batteries, waste electronic and electrical products, establish an integrated online and offline recycling network, explore and form a development model with clear business, professional operation and efficient management, and accelerate the realization of high-quality development.