Shanghai set for big role in next SOE redo
Print Edition
SHANGHAI should “continue to play a leading role” in the next round of state-owned enterprises reform, Shao Ning, vice chairman of the Financial and Economic Affairs Committee under the National People’s Congress, said yesterday in Shanghai.
“The city has been a pioneer in reforms of state-owned enterprises,” Shao said during the Shanghai State-Owned Capital Forum, co-organized by Jiefang Daily, the Shanghai State-Owned Capital Operation Research Institute and the Shanghai Economic Management College.
“Better capital management is the key target of the latest round of reforms, and we expect the city to continue to play a leading role,” he said.
In 2014, Shanghai published a guide offering 22 major suggestions for reforming the city’s SOEs. The guide was used by the country as a basis to draft the national blueprint last year.
“China will accelerate reform next year, and it will be a key issue in the 13th Five-Year (2016-2020) Plan,” Shao said.
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