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Xiao Yaqing, Yan Xiaofeng attend luncheon for Chinese central SOEs and President of Serbia

Updated: 2018-10-02

Xiao Yaqing, Chairman of State-owned Assets Supervision and Administration Commission of the State Council (SASAC), and Yan Xiaofeng, Secretary General of SASAC, attended a luncheon for Chinese central state-owned enterprises (SOEs) and a Serbian governmental delegation led by Serbian President Aleksandar Vucic at the Summer Davos 2018 in Tianjin on Sept 19.

Xiao said important remarks made by President Xi Jinping on expansion of China's opening-up and economic globalization and the speech made by Premier Li Keqiang at the opening of Summer Davos 2018 have shown the direction for international cooperation in various fields by Chinese central SOEs. 

The guests at the luncheon for Chinese central SOEs and the Serbian delegation at Summer Davos 2018 .jpg

The guests at the luncheon for Chinese central SOEs and the Serbian delegation at the Summer Davos 2018 in Tianjin on Sept 19. [Photo/sasac.gov.cn]

He introduced the basic information of Chinese SOEs and state-owned assets and the goals of SOEs' market-oriented reform and international development, stressing that SASAC encourages SOEs to become independent market players who enjoy independent management, and are responsible for their profits, losses and risks. SOEs should exercise self-governing and enjoy self-development. They should also participate in international competitions on an equal footing to fulfill their social responsibilities and realize win-win development.

SASAC and Chinese central SOEs will grasp the new opportunities brought by alignment of China and Serbia's development strategies and implement the cooperation projects based on mutual benefit and win-win outcomes with the guidance of the consensuses reached by President Xi and President Vucic, Xiao noted. 

Vucic said that Chinese enterprises have carried out many successful cooperation projects in Serbia and contributed to the country's economic and social development. He added that Serbia has good economic fundamentals and enjoys sound development momentum, and that the government is taking various measures to build a friendlier business environment for overseas investment. He hopes more Chinese enterprises, including Chinese central SOEs, will carry out pragmatic cooperation in various forms in Serbia.

Senior executives of 12 Chinese central SOEs, including Sinopec Group and CHN Energy, briefly introduced their enterprises and businesses in Serbia, showing their willingness to strengthen communication with Serbia and expand cooperation.

Other delegates, such as Serbian Vice Premier and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic, as well as officials from the country's Ministry of Finance, Ministry of Energy and Mining and National Bank of Serbia also attended the luncheon and explained measures encouraging overseas investment in Serbia.

The luncheon was a high level  exchange activity planned by SASAC and the World Economic Forum and attended by Chinese central SOEs and foreign leaders. It was held during the Summer Davos for the first time, and aimed to offer face-to-face interaction for Chinese central SOEs and foreign state leaders to communicate and further tap the potential for partnership, promote wider and deeper cooperation between the two sides.

(Executive editor: Li Shuling)


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