State Council SASAC discusses SOE reform work

The State-owned Assets Supervision and Administration Commission of the State Council – China's Cabinet – held a symposium in Chengdu, capital of Southwest China's Sichuan province, on May 13-14.

The symposium discussed the national policies on the reform of State-owned enterprises, or SOE, reform and invited more than 80 SASAC department representatives from 27 provincial capitals.

Peng Huagang, secretary-general of the SASAC of the State Council, addressed the event. Peng said the provincial capitals were the main areas for SOE reform – as the cities were major contributors to the regional economy, with a large scale of State-owned assets.

Peng stressed that all the provincial capitals should enhance their mixed ownership reform, clarify the responsibilities of State-owned assets supervision organizations and plan the supervision work of State-owned assets.

He said all the provincial capitals should follow the requirements of the SASAC of the State Council and accomplish 70 percent of their three-year SOE reform targets in this year.

During the symposium, officials from Chengdu, Hangzhou, Jinan and Guangzhou exchanged their experiences in SOE reform.

The reform office and regulation bureau of the SASAC of the State Council explained policies on improving the State-owned asset supervision system, as well as promoted the centralized and unified supervision of for-profit State-owned assets.