SASAC Holds Symposium on Deepening Reform of State-Owned Enterprises and Capital

36Kr learned that on November 3, SASAC convened a symposium in Beijing with local authorities to discuss further deepening the reform of state-owned enterprises and capital. The meeting aimed to exchange progress updates, solicit opinions and suggestions, and outline key upcoming tasks. Emphasis was placed on more effectively promoting the deep integration of technological and industrial innovation, strengthening coordination of basic research, increasing incentives for researchers, supporting enterprises in tackling key core technologies and industry-wide common technologies based on realistic capabilities, and facilitating the conversion of research outcomes into practical productivity through a focus on application-driven research. The symposium also called for resolute rectification of common outstanding issues, ensuring comprehensive coverage in problem identification and remediation during reform efforts, developing mechanisms that address both symptoms and root causes to institutionalize long-term results, and advancing comprehensive strict governance within state-owned enterprises. This includes integrating party building with production and operations through reform measures, using comprehensive strict governance to drive enterprise-wide discipline, thereby providing strong political guarantees for strengthening, optimizing, and expanding state-owned enterprises and capital.