5 central SOEs turned into state-owned capital investment companies

Seetao 2022-06-23 09:55
  • State-owned capital investment companies play the role of investment guidance and structural adjustment
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Recently, the State-owned Assets Supervision and Administration Commission of the State Council issued the "Notice on Matters Concerning the Reform of State-owned Capital Investment Companies". The "Notice" clarified that five companies, including China Baowu, SDIC, China Merchants Group, China Resources Group and China National Building Materials, were officially converted into state-owned capital investment. It is reported that after the above-mentioned enterprises are "regularized", their investment strategies will be more in line with national strategies and will be closer to strategic core businesses.

12 enterprises including Aviation Industry Corporation, State Power Investment Corporation, State Energy Corporation, SINOMACH, China Aluminum Corporation, China COSCO Shipping, COFCO Corporation, China Minmetals, General Technology Corporation, China Communications Corporation, Poly Group and China General Nuclear Power Corporation continued to deepen the pilot program. .

In the next step, the SASAC will guide and promote the steady implementation of comprehensive reforms 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 anti-risk capabilities of the state-owned economy.Editor/Ma Xue