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Xiao Yaqing meets with Peter Nolan, Director of the China Center of Jesus College, University of Cambridge

Updated: 2018-10-02

On Sept 27,Xiao Yaqing, Chairman of State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Professor Peter Nolan, Director of the China Center of Jesus College, University of Cambridge.

SASAC Chairman Xiao Yaqing (R) meets with Professor Peter Nolan, Director of the China Center of Jesus College, University of Cambridge in the office building of SASAC in Beijing on Sept 27..jpg

SASAC Chairman Xiao Yaqing (R) meets with Professor Peter Nolan, Director of the China Center of Jesus College, University of Cambridge in the office building of SASAC in Beijing on Sept 27. [Photo/sasac.gov.cn]

Xiao briefed Nolan on the progress of China's SOE reform and state-owned assets, adding that SASAC will pay more attention to capital management to intensify state-owned asset management, further optimize the layout of state-owned capital and improve the efficiency of its allocation to give enterprises a solid foundation for long-term development. 

Central SOEs, as independent market entities, will further expand opening-up and enhance their innovation ability and vitality by cooperating with enterprises under all forms of ownership and taking part in fair market competition, Xiao stated.

He said that SASAC will deepen cooperation with China Center, improve training, foster a group of international talents with global vision and lay a solid foundation for accelerating the cultivation of world-class enterprises with global competitiveness.

According to Nolan, the training program of the benchmarking research on the core competitiveness of world class enterprises has had positive results and become an important way for the world to know more about SASAC and central SOEs. 

He said the center is willing to further strengthen exchanges and cooperation and contribute more to China's SOE reform.

Xiao and Nolan also exchanged ideas on SOE reform at the meeting.




(Executive editor: Li Shuling)


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