Nearly ten years later, a new set of regulations on the management of state-owned enterprises' functions is about to be released, breaking the ice once again.

Sina Finance News on March 30th, a reshaping related to the "identity" and "mission" of trillions of yuan worth of state-owned assets is quietly entering its final crucial stage. According to multiple exclusive sources close to the state-owned assets regulatory authorities, a "Central Enterprise Function Definition and Management Measures" aimed at filling the gaps in the state-owned assets regulatory system is expected to be officially launched in the near future. Nearly ten years have passed since the completion of the last round of central enterprise function definition and classification work. Unlike the previous classification scheme whose main purpose was to "divide the playing field", the upcoming measures focus on solving a deeper issue: when state-owned enterprises are required to balance safety and profitability, how can we scientifically and accurately measure the value of a state-owned enterprise? How can those strategic values created by it that cannot be directly reflected in the profit and loss statement obtain their rightful "status" in the regulatory system? A state-owned assets professional involved in the discussion of the measures frankly admitted to Economic Observer that the existing assessment system has long been plagued by institutional conflicts when dealing with public welfare enterprises. This "institutional conflict" requires state-owned enterprises to do both profitable and unprofitable businesses. The introduction of the new measures will, for the first time at the level of departmental regulations, break this deadlock and further refine the "calculation method for the value-added of state-owned enterprises". This may have far-reaching implications for the investment decisions, assessment orientation, and accounting presentation of central enterprises.