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        Three year action plan for the reform of state-owned enterprises in China


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The latest meeting of the leading group for the reform of state-owned enterprises under the State Council of China indicated that the market-oriented reform of state-owned enterprises should be carried out unswervingly, and the next three years will be the key historical stage. The top-level design for the reform of state-owned enterprises should be implemented, the three-year action plan for the reform of state-owned enterprises should be studied and formulated as soon as possible, and the reform objectives, timetable and roadmap should be clearly put forward.
According to the meeting on Tuesday, chinagov.cn, it is necessary to put forward clear tasks and measures, and formulate specific quantitative and assessable indicators in key areas and key links, such as promoting the reform of mixed ownership, strengthening the supervision of state-owned enterprises with state-owned assets, enhancing the ability of R & D and innovation, strengthening financial hard constraints, cutting and regulating subsidies, improving incentive mechanisms, and improving labor productivity and return on capital 。
The meeting requested that the action plan for the reform of state-owned enterprises should start from the overall national strategy, focus on liberating and developing productivity, and comprehensively enhance the competitiveness, innovation, control, influence and anti risk ability of the state-owned economy in accordance with the requirements of establishing a modern enterprise system with Chinese characteristics.


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