SCIO briefing on reform of SOEs

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Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission of the State Council

Hu Kaihong, spokesperson of the State Council Information Office

Sept. 28, 2017

Hu Kaihong:

Ladies and gentlemen, good morning. Welcome to the press conference. As we know, many people are paying close attention to the reform of state-owned enterprises (SOEs), and are eager to know what has happened so far.

Today, we are delighted to invite Mr. Xiao Yaqing, the chairman of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, to introduce the progress of reforms since the 18th National Congress of the Communist Party of China (CPC). He will also answer some of your questions.

Also present at the press conference are: Ms. Huang Danhua, SASAC vice chairwoman, and Mr. Peng Huagang, SASAC deputy secretary-general and spokesperson.

Now, let's welcome Mr. Xiao Yaqing to make his briefing.

Hu Kaihong, spokesperson of the State Council Information Office. [Photo/]

Xiao Yaqing:

Thank you. Ladies and gentlemen, good morning. It's a great pleasure for me to be here with you.

Now, I would like to present a brief introduction to the reform of SOEs, especially centrally-administered SOEs, since the 18th CPC National Congress.

The CPC Central Committee attaches great importance to the reform and development of SOEs. Since the 18th CPC National Congress in 2012, the CPC Central Committee with Comrade Xi Jinping at its core has specified the direction and plans for the reform. The Committee pushed it forward with unprecedented determination and strength, as demonstrated by the series of major decisions it has made. General Secretary Xi Jinping has given a number of important speeches and instructions on the direction of the reform. Premier Li Keqiang has also clarified on multiple occasions the requirements for the reform and development of SOEs.

Subdivisions of the SASAC at every level and all SOEs, especially those centrally-administered SOEs, have worked in accordance with these plans and requirements. Remarkable results have been achieved in comprehensively advancing the reform and making breakthroughs in key areas.

Over the past five years, we have essentially completed top-level design of SOE reform and paid extra attention to implementing systematic, integrated and coordinated reforms. The Party Central Committee and the State Council have put in place a framework that consists of the Guidelines on Deepening Reform of SOEs as well as 22 supplementary documents, which have played an important role in guiding and leading practice at the grassroots level. Central and local SOEs have kept to a problem-oriented approach, adopted work plans and detailed implementation rules in view of their own circumstances, and intensified reform of SOEs.

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