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Xiao Yaqing meets with Namibian Minister of Public Enterprises Hon. Leon Jooste

Updated: 2018-10-25

Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Hon. Leon Jooste, Namibian Minister of Public Enterprises, on Oct 17 during his visit to Namibia, and exchanged ideas on strengthening cooperation between the two countries' state-owned enterprises (SOEs) and SOE reform experience sharing.

Xiao said that Chinese President Xi Jinping delivered a keynote speech at the 2018 Beijing Summit of the Forum on China-Africa Cooperation and reached a series of consensuses with Namibian President Hage Geingob, setting out the direction for strengthening cooperation between the two countries' state-owned assets regulators and SOEs.

SASAC Chairman Xiao Yaqing poses for a photo with Namibian Minister of Public Enterprises Hon. Leon .jpg

SASAC Chairman Xiao Yaqing poses for a photo with Namibian Minister of Public Enterprises Hon. Leon Jooste on Oct 17. [Photo/sasac.gov.cn]

China will resolutely implement the "two unswerving" principles, insist on the separation of enterprise management from government administration, the separation of state ownership functions from public and social administration functions, and the separation of ownership and management, and continuously deepen SOEs reform, Xiao said.

He went on to say that SASAC will further strengthen exchanges with Namibian Ministry of Public Enterprises, share reform experience, encourage and support Chinese central SOEs and Namibian SOEs to carry out pragmatic cooperation for mutual benefit and win-win results, and make greater contributions to the in-depth development of bilateral relations.

Jooste pointed out that Namibia is promoting the centralized and unified supervision of SOEs, and the Ministry of Public Enterprises is set to undertake greater responsibilities.

He hoped to learn from the successful experience gained in the reform and development of Chinese SOEs, especially effective practices in mixed ownership reform, corporate governance, and promotion of structural readjustment of state-owned assets.

SASAC Chairman Xiao Yaqing conducts on-site inspection on the international operation, reform.jpg

SASAC Chairman Xiao Yaqing conducts on-site inspection on the international operation, reform, development and party building of central SOEs. [Photo/sasac.gov.cn]

Jooste also expressed his hope to promote mutually beneficial cooperation between the two countries' SOEs and the in-depth development of bilateral relations on the basis of further strengthening exchanges and cooperation between the state-owned assets supervision departments of the two countries.

During Xiao's visit to Namibia, he went to the sites of Walvis Bay's New Container Terminal, Oil Storage Terminal and Pipeline Project of China Communications Construction Company Limited (CCCC) and China General Nuclear Power Corporation (CGN)'s Husab Uranium Ore Project in Namibia, conducting on-site inspection on the international operation, reform, and development of the above central SOEs.

Zhang Yiming, Chinese Ambassador to Namibia, and representatives of CGN, CCCC and SASAC attended the event.


(Executive editor: Hao Wen)


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