By Yuan Dongming, Research Team on “State-Owned Capital Investing and Operating Companies”, Enterprise Research Institute, DRC

Research Report, No. 43, 2020 (Total 5787) 2020-3-18

Abstract: Since the Third Plenary Session of the Eighteenth CPC Central Committee, all provinces have been proactively promoting the piloting program of state-owned capital investing and operating companies. Over the last five years, notable experience and results have been achieved in the aspects of defining the functions and roles of state-owned capital investing and operating companies, establishing authorization systems, innovating governance structure and operating mechanism. However, the pattern of driving the overall reform of local state-capital and state-owned enterprises with state-owned capital investing and operating companies at core is yet to be established in most of the provinces, and the role of state-owned capital investing and operating companies as an “isolation layer” in optimizing the investment layout of local state capital and vitalizing enterprises still remains to be given full play. In the next stage, work needs to be done to strengthen the awareness of promoting overall reform with state-owned capital investing and operating companies at its core, and further efforts are needed to define its functions and roles in optimizing state-owned capital investment layout. Through real authorization, changing roles and capacity building, state-owned capital investing and operating companies should truly play their parts in optimizing state-owned capital investment layout, vitalizing state-owned enterprises and enhancing the competitiveness of the public sector of the national economy.

Key words: state-owned capital investing and operating companies, progress of pilot program, local government