In 2018, the reform focused on the national strategy The reform of state-owned enterprises basically completed last year

Yesterday, the “Central Enterprises and Local SASAC Heads Meeting” was held and the “construction drawing” of the state-owned enterprises reform in the new year was unveiled.

Xiao Yaqing, director of SASAC, said yesterday that in 2017, the state-owned enterprise reform in China made a breakthrough and the market-based enterprise was further strengthened. The restructuring of the central and sub-enterprise corporations was basically completed.

Perfect mix and change management mechanism

Data from the SASAC show that at present, provincial-level SASACs supervise the reform of the first-level enterprise system by nearly 97%, while the first-level enterprises under SASAC in Liaoning and Fujian have fully completed the restructuring.

Xiao Yaqing said that the reform of the system of state-owned enterprises is only the first step in the reform. The key is to continuously improve the state-owned enterprises to improve the modern enterprise system and improve the corporate governance structure.

He said that in 2018, it is necessary to promote the establishment of a standardized board of directors at the central level of the state-owned enterprises and enhance the decision-making ability and overall functions of the board of directors. Explore the establishment of an effective way to embed the corporate party structure into the corporate governance structure, and constantly improve and perfect the system of modern state-owned enterprises with Chinese characteristics. In 2017, the reform of mixed ownership of state-owned enterprises has basically taken the shape of a “breakthrough”: a pilot program of mixed reform in electric power, petroleum, natural gas, civil aviation, telecommunications and military industries has been introduced. More than 40 investors of all kinds have been introduced and the capital has exceeded 90 billion yuan.

Xiao Yaqing, director of the State Council SASAC, said at the meeting that this year, it will choose qualified central enterprises to promote diversification of shareholdings at the group level and explore different governance mechanisms and regulatory modes that are different from state-owned wholly-owned companies.

At the same time, he said that he will actively promote the restructuring and transformation of commercial state-owned enterprises whose main industries are in full competition with industries and fields and further promote the pilot projects of mixing and reforming in key areas. Perfect mix and change of corporate governance mechanism, to explore preferred shares, special management unit system.