State-owned enterprise reform energy storage equipment manufacturing

Why do China's state-owned enterprises need a centrally administered SOE?

XU CHANG/XINHUA As China deepens reforms of its State-owned enterprises, centrally administered SOEs are set to allocate more resources to develop strategic emerging industries in order to support national efforts and enhance their competitiveness, market analysts and business executives said.

What are SOE reforms?

A systematic, well-thought-out series of SOE reforms have been underway since 1978 and have mainly gone through four stages with an emphasis on management methods, corporate systems, supervision and management of State-owned assets, and deepening reforms.

When will SOE reform be approved?

The comments came after the 14th meeting of the Central Committee for Deepening Overall Reform reviewed and approved the three-year action plan for SOE reform (2020-22) on June 30, according to information released by the State-owned Assets Supervision and Administration Commission of the State Council.

Is mixed-ownership reform a breakthrough component of SOE reform?

Mixed-ownership reform, a breakthrough component of overall SOE reform, has seen considerable progress in the past year. More than 1,000 new mixed-ownership enterprises were added and more than 150 billion yuan ($21.23 billion) of social capital introduced via the capital market and other financing measures, according to data from SASAC.

What percentage of SOE revenue will come from strategic emerging industries?

Under the government plan, revenue from strategic emerging industries is projected to make up 35 percent of the total revenue of central SOEs by 2025.

How will the next three years affect the SOE reforms?

The next three years will be crucial for the country's SOE reforms, the meeting said, stressing efforts to optimize the layout and structure of the State-owned economy to make it more competitive, innovative, controllable, influential, and more resilient to risks.