Sichuan Promotes the Formulation of Provincial Three-year Plan for SOE Reform
The people's government of sichuan province2020-01-03

As the central government is about to issue the three-year plan for SOE reform, Sichuan Province seizes new opportunities in the crucial period of SOE reform and continue to deepen reform. According to news from the State-owned Assets Supervision and Administration Commission of Sichuan Province, Sichuan will accelerate the formulation of the Sichuan version of the three-year plan for SOE reform, further developing its state-owned enterprises.

To deepen reform in the crucial stage, the State-owned Assets Supervision and Administration Commission of Sichuan Province has defined that it will promote reform to establish mixed ownership systems in an active and prudent way, take solid steps to promote the establishment and improvement of corporate governance structure and market-oriented management mechanism in SOEs, promote restructuring and integration,  continue to improve the securitization of assets in SOEs, and work faster to deal with "zombie enterprises", manage enterprises in dire straits and resolve other longstanding issues.

It will also be one of the key tasks for SOEs next year to actively play their role as the backbone of national economy and strengthen the areas of weakness in development. On the second day after the closing of the economic work conference of the CPC Sichuan Provincial Committee, the State-owned Assets Supervision and Administration Commission of Sichuan Province held the commencement ceremony of major projects in the fourth quarter of 2019; a total of RMB 10.8 billion was planned to be invested in 13 newly-commenced projects, showing an obvious trend to strengthen the areas of weakness.

Since 2019, Sichuan's state-owned enterprises have been giving full play to the leading role of project construction, especially the leading role of key infrastructure projects in strengthening the areas of weakness, which have persistently promoted the construction of major projects. By the end of November, a total of RMB 66.09 billion had been invested in 113 key projects under construction, with a percentage complete of 78%. According to the plan, Sichuan's SOEs will continue to appropriately expand effective demands, endeavor to strengthen the weaknesses in key areas, and cooperate with all parties concerned to carry out Sichuan's 700 key projects and 100 provincial key projects in 2020.

The year 2020 is the year of finishing building a moderately prosperous society in all aspects. Relying on measures such as "SOEs entering Liangshan" and "SOEs entering Kham Tibetan areas", Sichuan's state-owned assets and state-owned enterprises will continue to focus on poverty alleviation as the top priority, spare no effort to work on industrial poverty alleviation and targeted poverty alleviation, and eradicate poverty in poverty-stricken areas as scheduled, so as to finish building a moderately prosperous society in all aspects in step with the rest of China.