In a special People’s Daily report titled “Ten SOE Leaders on Deepening Reform of State-Owned Assets and Enterprises”, Sun Yongcai, Party Secretary and Chairman of CRRC, detailed the company's strategy to accelerate the development of "new quality productive forces" through governance-led reform.
In the featured article “Reinforcing Four Pillars to Build a National Pillar Industry”, Sun outlined how CRRC is strengthening four core areas — organizational structure, operational mechanisms, talent, and management — to drive innovation and support high-quality growth.
Organizational Strengthening: CRRC is building an integrated five-tier innovation framework that connects headquarters, national innovation institutes, technology platform companies, collaborative innovation teams, and subsidiaries to streamline R&D efforts.
Mechanism Optimization: To tackle core technologies, the company has introduced special compensation mechanisms for key tech talent, including performance-linked bonuses and a three-year incentive action plan tied to leadership evaluations.
Talent Development: CRRC prioritizes the selection and development of world-class technology leaders. The company has established a new innovation hub in Beijing and is creating a nationwide talent network centered in Beijing and supported by sites in Changchun, Dalian, Qingdao, Zhuzhou, and Changsha — forming a “1+4+X” talent development model.
Management Enhancement: The company will maintain R&D spending at over 6% of revenue. In 29 original tech projects, CRRC is deploying competitive “open challenge” and “horse-race” mechanisms to energize innovation.
Sun reaffirmed CRRC’s commitment to being a leader in advancing China’s self-reliance in science and technology, modernizing its industrial system, and scaling high-end rail and clean energy equipment manufacturing — all through a foundation of responsible, reform-driven corporate governance.
