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Shenzhen’s SOE reform implementation plan approved by China’s State Council

August 22, 2019


Abstract : The Shenzhen version of the implementation plan on state-owned assets and enterprises reform has been recently approved by the leading group for state-owned enterprise (SOE) reform under China’s State Council.

BEIJING, Aug. 22 (Xinhua) -- The Shenzhen version of the implementation plan on state-owned assets and enterprises reform has been recently approved by the leading group for state-owned enterprise (SOE) reform under China’s State Council.

Shenzhen, in south China’s Guangdong Province, will launch 39 measures in nine aspects, to build “high ground” of the reform with strong leadership of the Communist Party of China, highly-efficient supervision, fully-energized SOEs, increasingly innovation-driven growth and all-round implementation of national strategies, according to the plan.

The city set the target for total assets of municipality-owned enterprises at 4.5 trillion yuan by 2020.

Shenzhen will also cultivate more top-class international enterprises and form a pattern with infrastructure and public sector as the main body that occupies 85 percent state-owned capital, financial sector and strategic emerging industries as the two wings.

It will foster one or two world’s top 500 enterprises, six to seven enterprises with over 100 billion yuan of assets and two listed companies with over 100 billion yuan of market value.

(Edited by Yang Qi, kateqiyang@xinhua.org)

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Keyword: Shenzhen SOE reform

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