5 central enterprises were officially converted into state-owned capital investment companies

On June 20, I learned from the State-owned Assets Supervision and Administration Commission of the State Council that the State-owned Assets Supervision and Administration Commission recently issued a notice to adjust and optimize the pilot enterprises of state-owned capital investment companies.
(Group) Co.
, Ltd.
and China National Building Materials Group Co.
, Ltd.
and other five enterprises were officially converted into state-owned capital investment companies
.

According to this "Notice on Matters Concerning the Reform of State-owned Capital Investment Companies", Aviation Industry Corporation of China, State Power Investment Corporation, National Energy Investment Group Co.
, Ltd.
, China National Machinery Industry Corporation, China Aluminum Corporation Company, China COSCO Shipping Corporation Limited, COFCO Corporation, China Minmetals Corporation, China General Technology (Group) Holding Co.
, Ltd.
, China Communications Construction Group Corporation, China Poly Group Corporation, and China General Nuclear Power Corporation 12 companies including the company continued to deepen the pilot program
.

The notice requires that we accurately grasp the functional positioning of state-owned capital investment companies, continue to deepen reform results, effectively play their role, and accelerate the formation of a development model with distinctive features
.

It is understood that the next step of the SASAC will guide and promote the steady implementation of comprehensive reforms by state-owned capital investment companies, accelerate the construction of world-class enterprises, and play a greater role in enhancing the competitiveness, innovation, control, influence and anti-risk capabilities of the state-owned economy
.

The reorganization and establishment of state-owned capital investment and operation companies is an important measure to promote the reform of the state-owned capital authorized operation system
.

The relevant person in charge of SDIC said that in the next step, SDIC will follow the unified deployment of the State-owned Assets Supervision and Administration Commission of the State Council, firmly grasp the responsibilities and positioning of state-owned capital investment companies, earnestly implement various tasks and requirements, continue to deepen and consolidate the results of reform, and make better use of state-owned capital investment.
The company's functional role, strive to form a more distinctive development model, and walk in the forefront of the reform and development of central enterprises
.