Bai Yingzi Meets with Wu Yibing, Temasek's Head of China and Joint Head of Enterprise Development Group

Bai Yingzi, Chief Accountant of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Wu Yibing, Temasek's Head of China and Joint Head of Enterprise Development Group, in Beijing on Aug 21.

The two sides exchanged ideas on reform of Chinese state-owned enterprises (SOEs) and further cooperation.

Bai outlined the overall situation of Chinese SOEs' operation and progress in the reform of these enterprises since the beginning of this year.

She said that SASAC is currently accelerating the implementation of the new tasks and requirements proposed by the 19th National Congress of the Communist Party of China (CPC) on deepening SOE reform.

Focusing on capital management, SASAC will perform its responsibilities as the investor in Chinese central SOEs and continue to adhere to the principle of openness and cooperation, guide these enterprises to strengthen the reform of mixed ownership and promote their innovative development.

Wu said that it is admirable that the Chinese economy has achieved a good performance despite the current complicated international situation.

He added that Temasek will continue to increase investment in China and he hoped that SASAC will help Temasek to enhance practical cooperation with Chinese SOEs in related fields.

Bai Yingzi, Chief Accountant of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), meets with Wu Yibing, Temasek's Head of China and Joint Head of Enterprise Development Group, in Beijing on Aug 21. [Photo/sasac.gov.cn]

(Executive editor: Hao Wen and Zhang Tianyuan)