Top leaders on July 4 gave important instructions on the reform of State-owned enterprises in Beijing.

President Xi Jinping said State-owned enterprises (SOE) are the important powers to expand national comprehensive strengths and secure people’s common benefits, so their vigor, influences and risk prevention abilities should be gradually increased to keep and increase the values.

China should firmly deepen the reform of State-owned enterprises, speed up the building of modern enterprises system and take advantage of the talents to spur the vigor of all elements, said the President.

Based on the development concept of innovation, coordination, environmental friendly, open-up and sharing, the reform should focus on structural adjustment, innovation development and arrangements optimization to make the State-owned enterprises play leading roles in the supply-side structural reform, he said.

He also urged to strengthen supervision to prevent the loss of State-owned assets, strictly rule the Communist Party of China, improve the Party’s lead to the enterprises, and fully take advantage of the political core function of Party organizations in the reform.

Party committees and governments at all levels should firmly remember the responsibilities to improve the State-owned enterprises and expand the State-owned economy, strengthen the organization lead of the reform and make new achievements in the important fields and chains as soon as possible, the President urged.

Premier Li Keqiang said that for a long time, SOEs has made great contributions to promote economic and social development and enhance the comprehensive national strength. At present, facing the new normal and new situation, we should implement government decisions and set up new concept of development to push forward SOE reform.

• [Editor:penny]