Hao Peng Meets with Yakovenko Vadim, Head of the Federal Agency for State Property Management, the Ministry of Economic Development of the Russian Federation

On Nov 20, Hao Peng, Party Secretary of the CPC Committee of State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and Chairman of SASAC, met with Yakovenko Vadim, Head of the Federal Agency for State Property Management, the Ministry of Economic Development of the Russian Federation, in Beijing.

The two sides shared their experiences in the supervision and regulation of state-owned assets and enterprises and exchanged opinions on further pragmatic cooperation.

Pavlov Alexey, Deputy Head of the Federal Agency for State Property Management, also attended the meeting.

Hao extended a warm welcome to the Russian delegation led by Vadim on behalf of SASAC and briefed them on reform and development of China's state-owned assets and enterprises supervision and administration.

Hao stated that as this year marks the 70th anniversary of the establishment of China-Russia diplomatic relations, the heads of state of both countries have made joint efforts to consolidate the China-Russia comprehensive strategic partnership of coordination for a new era, and elevate bilateral ties to a new historical height.

SASAC will further carry out the spirit of the instructions made by President Xi Jinping, continue with the reform of state-owned assets and enterprises, advance high-level opening up, strengthen investment cooperation between Chinese central state-owned enterprises (SOEs) and Russian enterprises in energy, aerospace, chemical engineering and machinery manufacturing to ensure sound results and contribute to steady progress in bilateral cooperation in economy and trade.

Hao pointed out that there are many similarities between the two institutions in supervision concepts and administration approaches. Increasing exchanges on the supervision and management of state-owned assets and enterprises benefit both sides as they can learn from each other and better fulfill their duties.

Hao said he hoped that a long-term communication mechanism can be established to enhance their exchanges and coordination, encourage enterprises in both countries to conduct high-level cooperation in wider fields, and contribute to further economic and trade cooperation.

Vadim introduced major functions of the Federal Agency for State Property Management and its experiences in the management of state-owned assets and enterprises. He mentioned that the Chinese economy has maintained a consistent and healthy development in recent years, and noticeable achievements have also been made by China in reform and development of its SOEs.

Vadim expressed his wish to deepen exchanges and cooperation with SASAC, learn from China's experience in the supervision and administration of state-owned assets and enterprises, and advance pragmatic cooperation between Chinese and Russian SOEs for mutual benefits and win-win results.

Hao Peng, Party Secretary of the CPC Committee of State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and Chairman of SASAC, meets with Yakovenko Vadim, Head of the Federal Agency for State Property Management, the Ministry of Economic Development of the Russian Federation, in Beijing on Nov 20. [Photo/sasac.gov.cn]

(Executive editor: Wang Ruoting)