SOEs will be pressed to produce

State Council leaders to streamline administrative operations of some

China will press ahead with the reform of State-owned enterprises to provide a greater driving force for high-quality economic development with State capital, according to a decision made by those at the State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

The meeting participants - who heard a report on the reform, supervision and inspection of central SOEs by the Supervisory Board of Key Large State-Owned Enterprises - decided that the management system of State-owned assets will be improved. In addition, it was decided a list of powers and obligations on State assets supervision and management will be formulated to enable precise category-by-category supervision. Enterprises will be given effective autonomy in their operations as the government deepens the reform to streamline administration, enhance compliance oversight and provide better services.