State‑owned Assets Supervision and Administration Commission (SASAC) held a press conference on 3 June 2017 on recent movements in SOE reform, highlighting
- mixed-ownership reform
- 31 March 2017: National Development and Reform Commission (NDRC) announced that all reform plans to be published before the end of May and June, especially before the 19th Party Congress
- 13 Apr 2017: NDRC revealed that
- the first batch of nine pilots was approved
- the second batch of ten was under State Council review
- the third batch selection work has started and will happen after the oil and gas reform plan (eventually released 21 May 2017)
- 24 May 2017: the third batch of piloting companies list will be expanded to include local SOEs
- 31 March 2017: National Development and Reform Commission (NDRC) announced that all reform plans to be published before the end of May and June, especially before the 19th Party Congress
- SASAC will continue to push forward central SOE restructuring and M&As
- restructuring central SOEs, especially in coal-fired power, heavy equipment manufacturing and steel
- encouraging resource integration among similar businesses of different SOEs
- making full use of the central SOE venture capital fund and restructuring fund to lead state-owned capital into key and strategic emerging industries
- new categories of SOEs to improve resource allocation efficiency, including
- real industry enterprises
- investment enterprises: in key industries and sectors, aiming to push forward clustering and upgrades
- operation enterprises: aiming for higher capital operational efficiency