Jun 20, 2022 07:29 PM (GMT+8) · EqualOcean
The state owned assets supervision and Administration Commission (SASAC) recently issued the notice on matters related to the reform of state owned capital investment companies (gzgzgz [2022] No. 245), which adjusted and optimized the pilot enterprises of state owned capital investment companies. The notice clearly states that five enterprises, including China Baowu, China investment, China Merchants Group, China Resources Group and China building materials, have officially become state-owned capital investment companies; 12 enterprises including aviation industry group, state power investment, national energy group, state machinery group, Chinalco, COSCO Shipping, COFCO, China Minmetals, general technology group, CCCC, Poly Group and CGNPC continued to deepen the pilot. The circular requires us to accurately grasp the functional orientation of state-owned capital investment companies, continuously deepen the reform results, effectively play its role, and accelerate the formation of a development model with distinctive characteristics. Next, SASAC will guide and promote the steady implementation of comprehensive reform by state-owned capital investment companies, accelerate the construction of world-class enterprises, and play a greater role in enhancing the competitiveness, innovation, control, influence and risk resistance of the state-owned economy.

This text is a result of machine translation.