Weng Jieming Attends Roundtable with SASAC at China Development Forum 2021

Weng Jieming, Member of the CPC Committee of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and Vice Chairman of SASAC, attends the Roundtable with SASAC at China Development Forum 2021 in Beijing on March 19. [Photo/sasac.gov.cn]

Weng Jieming, Member of the CPC Committee of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and Vice Chairman of SASAC, attended the Roundtable with SASAC at China Development Forum 2021 in Beijing on March 19. He delivered the keynote speech titled "SOE Reform in the New Era: Achievements and Outlook".

Weng said that Chinese state-owned enterprises (SOEs) have grown up in the course of reform, developed through competition and constantly enhanced as they integrated with the market economy.

In particular, since the 18th National Congress of the CPC, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, the SOE reform in the new era took the liberation and development of productive forces as its key criteria, upheld the basic economic system, followed the reform direction of the socialist market economy, ensured that all SOEs act in accordance with regulations and procedures, and pursued systematic integration and in-depth growth.

Meanwhile, noticeable achievements and progress were made in the reorganization into corporate system and functional classification of SOEs, as well as in establishing a modern enterprise system with Chinese characteristics, improving market-oriented operation mechanisms, withdrawing from undertaking social functions and solving problems left over by history, and promoting high-quality SOE development. 

Weng added that more efforts will be made to further deepen SOE reform, inject vitality into business operations, press ahead with scientific and technological innovation, and strengthen opening-up and cooperation so that SOEs will serve as an active force in promoting economic growth, green development and global economic recovery. 

Other speakers at the roundtable included Ning Gaoning, Chairman of Sinochem Group Co., Ltd. and China National Chemical Corporation Ltd., Denis Depoux, Global Managing Director at Roland Berger, Xu Niansha, Chairman of China Poly Group Corporation Ltd., Peter Nolan, professor of Cambridge University, Lu Yimin, General Manager of China General Technology (Group) Holding Co., Ltd., and Angela Chao, Chair and CEO of Foremost Group.

The roundtable drew the attendance of representatives from over 40 enterprises both at home and abroad, either online or offline.

(Executive editor: Hao Wen)