SOE reform in Jilin makes headway
By Wang Xin (China Daily)
Updated: 2006-05-25 09:03
Northeast China's Jilin Province has achieved critical progress in the reform
of State-owned enterprises (SOE), according to Li Laihua, vice-director of the
provincial economic and trade committee.
Statistics show that 816 key
SOEs in the province completed their restructuring into enterprises with a
corporate governance system in 2005.
The equity structures of these
companies were also changed from being wholly State-owned or State-holdings to
varied ownerships, Li said.
With a clearly established ownership system
and well-defined corporate organizing structures including shareholders'
meetings, board of directors and board of supervisors, a modern enterprise
system has basically been set up in Jilin.
"Local authorities have
attached great importance to SOE reform, placing it at the top of the agenda for
revitalizing industries in Jilin," Li said.
A special work team
consisting of the province's top leaders was established to advance the reform,
and 141 work groups made up of 1,420 governmental officials were set up to
promote the programme.
Wang Yunkun, secretary of the Jilin Provincial
Committee of the Communist Party of China, and Wang Min, governor of Jilin, paid
visits to the enterprises and helped resolve any major difficulties the
enterprises encountered.
Li said the provincial government formulated
particular policies covering a wide range of related fields, while offering a
series of operative rules to follow in SOE reform.
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