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10

Nov

2021

Qi Zhijun zhu, Dan Fan, Yongtao: Focus on the deepening of economic reform, actively improve the results of reform of State-owned enterprise

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    The recently issued Three-year Action Plan for The Reform of State-owned Enterprises in Beijing (2020-2022) has further clarified the timetable and roadmap for the reform of state-owned assets and state-owned enterprises in Beijing.

    Qi Zhijun, a researcher from the School of Law, China University of Political Science and Law, Zhu Dan, a researcher at the National Academy of Development and Strategy (NADS) at Renmin University of China (RUC), and Fan Yongtao from the Shenyang area management Committee of the China (Liaoning) Pilot Free Trade Zone, pointed out three priorities for further deepening the reform of state-owned enterprises.


    First, we need to improve the modern enterprise system with Chinese characteristics. We should further strengthen the party's overall leadership over state-owned enterprises, focus on the reform of state-owned enterprises to further improve the modern enterprise system and intensify efforts to solve difficulties and problems left over by history.


    Second, we need to firmly focus on market-oriented reform of state-owned enterprises. We should stick to deepening the market-oriented reform of state-owned enterprises and give full play to the institutional advantages of state-owned economy. We will accelerate the establishment and improvement of market-based operating mechanisms to further enhance the competitiveness of state-owned enterprises.


    Third, we need to focus on the implementation of the central government's strategic plans. We should grasp the new space created by the construction of Beijing Free Trade Zone and actively explore the mode of standardization and internationalization of state-owned enterprise governance. We should focus on the new driving force of the Beijing National Service Industry Comprehensive Demonstration Zone for Further Opening Up; We should strengthen market-oriented innovation of state-owned enterprises; We should seize the new opportunity of establishing the Beijing Stock Exchange to promote the reform of mixed ownership of state-owned enterprises.


    At the same time, they stressed that in the reform of state-owned enterprises, we should seize the new opportunity of The Beijing Stock Exchange through equity diversification and mixed ownership reform, make full use of the capital market to cultivate listed enterprises, and promote merger and reorganization and strategic combination. We should give full play to the driving role and important influence of state-owned enterprises on the healthy development of private enterprises and industries, and promote the formation of a socialist market economic structure with Chinese characteristics.