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SASAC Chairman Xiao Yaqing Meets with Saudi Arabia PIF Managing Director Yasir Othman Al-Rumayyan

Updated: 2019-05-07

On April 25, Xiao Yaqing, Chairman of State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Yasir Othman Al-Rumayyan, Managing Director of the Saudi Arabia's Public Investment Fund (PIF).

Xiao briefed on the latest progress of China's state-owned assets supervision and administration and Chinese central state-owned enterprise (SOE) reform. He pointed out that SASAC encourages Chinese central SOEs, while upholding openness, collaboration, and win-win outcomes, to enhance cooperation with overseas companies such as PIF, seek new collaboration modes, promote capital and funding cooperation, deepen reform through opening up, improve corporate efficiency and performance through collaboration, further boost the Belt and Road Initiative, and realize high-quality development.

Yasir said that Saudi-Arabia and China enjoy a long-term friendship, and PIF is willing to enhance communication and seek new opportunities in investment and cooperation with Chinese central SOEs.

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Xiao Yaqing (R), Chairman of State-owned Assets Supervision and Administration Commission of the State Council (SASAC), meets with Yasir Othman Al-Rumayyan, Managing Director of the Saudi Arabia's Public Investment Fund (PIF), on April 25. [Photo/sasac.gov.cn]



(Executive editor: Li Shuling)

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