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国资委：5家企业正式转为国有资本投资公司

SASAC: five enterprises have been officially transformed into state-owned capital investment companies

Moomoo 24/7 ·  Jun 20, 2022 07:22
SASAC recently issued the Circular on matters related to the Reform of State-owned Capital Investment companies (State-owned assets Reform (2022) No. 245), which adjusted and optimized the pilot enterprises of state-owned capital investment companies. The notice makes it clear that five enterprises, including China Baowu, CIC, China Merchants Group, China Resources Group and China National Building Material, have officially become state-owned capital investment companies; 12 enterprises, including Aviation Industry Group, State Power Investment, State Energy Group, National Machinery Group, Chinalco, China Ocean Shipping, Cofco, China Minmetals, General Technology Group, China Communications Group, Poly Group and CGN, continue to deepen pilot projects. The notice requires that we should accurately grasp the functional orientation of state-owned capital investment companies, continuously deepen the achievements of reform, effectively play a functional role, and speed up the formation of a development model with distinct characteristics. In the next step, SASAC will guide and promote state-owned capital investment companies to steadily implement comprehensive reforms, speed up the construction of world-class enterprises, and play a greater role in enhancing the competitiveness, innovation, control, influence and risk resistance of the state-owned economy.
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