SOE Mixed-ownership Trials Will Press Ahead in 2018: SASAC

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The head of China’s State-owned Assets Supervision and Administration Commission says that mixed-ownership trials of state-owned enterprises in key areas will forge ahead in 2018.

In a recently published essay SASAC head Xiao Yaqing (肖亚庆) emphasised the need to further advance mixed-ownership reform trials in key areas, and steadily advance the strategic restructuring of central state-owned enterprises (SOE’s) in sectors such as manufacturing, coal, energy, telecommunications and chemicals.

Xiao said that key business targets for 2018 would include achieving steady growth in SOE efficiencies, maintaining and increasing the value of state-owned assets, further raising rates of return for shareholders, further increasing the turnover rate of enterprise liquid assets, and further reducing the debt-asset ratios.

SASAC will also continue to remote resource integration in the coal, steel, maritime equipment and environmental protection sectors, and reduce reduplications.

 

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