China’s State-owned Assets Supervision and Administration Commission (SASAC) has called on central state-owned enterprises (SOEs) to accelerate innovation and strengthen their role in strategic and emerging industries, as part of efforts to meet 2025 targets and prepare for the 15th Five-Year Plan.
At an expanded Party Committee meeting, SASAC emphasized the need to implement key directives from the CPC Central Committee and the State Council, urging SOEs to focus on high-quality development and national strategic priorities. Officials called for a fact-based review of SOE performance under the current 14th Five-Year Plan to help guide future reforms.
The Commission highlighted growing external uncertainties and shifts in global technology and industry, stressing the importance of forward-looking strategies in SOE reform, governance, and Party building. It also urged enterprises to enhance their contribution to “new quality productive forces” and prioritize localization in key sectors.
SOEs were directed to optimize their presence in strategic emerging and future industries, accelerate breakthroughs in critical and core technologies, and reinforce their role in supporting national security, industrial resilience, and technological self-sufficiency.
SASAC also called for greater momentum in advancing major national projects and leveraging SOEs’ capabilities in strategic, foundational, and frontier sectors to consolidate the leadership role of the state-owned economy.
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