State-owned Assets Supervision and Administration Commission: We must plan the next steps of deepening the reform of state-owned assets and state-owned enterprises with a high starting point.

On May 15th, the Leading Group for Deepening Reform of the State-owned Assets Supervision and Administration Commission of the State Council held its first plenary meeting for 2025. The meeting emphasized the need to strategically plan the next steps in deepening the reform of state-owned assets and enterprises, advancing China's modernization in the new era, adapting to the requirements of a high-level socialist economic system, balancing between flexibility and control, addressing the institutional and systemic barriers that hinder the high-quality development of state-owned enterprises, establishing production relations that are more compatible with the new productive forces, promoting the strengthening, optimization, and growth of state-owned capital and enterprises, enhancing their core functions, and improving their core competitiveness, so as to better fulfill their strategic mission.