State Grid vows to wrap up reforms

State Grid Corp of China, the nation's electric power giant, has pledged to complete key internal corporate reforms by November, as part of its efforts to make the utility company more streamlined, efficient and market-focused.

Company spokeswoman Wang Yanfang told a news conference on Monday that State Grid is confident that it will improve its corporate governance structure and streamline its management hierarchy, in order to deepen internal restructuring, and help create effective corporate governance and an efficient management structure.

The reforms would be completed on schedule, while the new structure would help clear institutional barriers and enhance the company's operational efficiency, she said.