China wants to build world-class SOEs
China hopes to build a group of world-class, role-model, State-owned enterprises that lead in high quality development, said Weng Jieming, deputy head of the State-owned Assets Supervision and Administration Commission, on Saturday during a media conference.
In the past, regulators paid more attention to the scale of a SOE's revenue, but for the next stage, more attention will be placed on SOEs' return on areas such as net assets, revenue margin, investment on research and development, and added value, so that a SOE will not only be a leader in terms of revenue scale, but stands out for development quality and efficiency, he said.
