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Central Government: To Promote the Recombination of Industries Including Stainless Steel and Establish New SEOs When Appropriate
Jan 19, 2022 16:32CST
Source:国资委
Peng Huagang, the spokesman of SASAC (State-owned Assets Supervision and Administration Commission of the State Council), said that it is necessary to promote the recombination and professional integration of state-owned enterprises in order to facilitate optimal industry development.

SHANGHAI, Jan 19 - Peng Huagang, the spokesman of SASAC (State-owned Assets Supervision and Administration Commission of the State Council), said that it is necessary to promote the recombination and professional integration of state-owned enterprises in order to facilitate optimal industry development.

In terms of strategic restructuring, the Administration will closely follow national strategies such as structural reform on the supply side, innovation-driven development and building of a manufacturing power. It will also steadily push forward the restructuring and integration of iron and steel and other fields step by step, and establish new SEOs in relevant fields in due course.

In terms of professional integration, the Administration will aim to strengthen and refine the businesses, and position the enterprises as the mainstay to actively promote the professional integration in areas such as grain reserve and processing as well as port terminals, so as to effectively enhance the efficiency of resource allocation and the core competitiveness of enterprises.

industry recombination
iron
steel

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