The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) emphasized at a meeting of local SASAC heads in Beijing yesterday (15th) the importance of solidly advancing all key tasks for state-owned assets and enterprises in 2026 to ensure a good start and solid foundation for the 15th Five-Year Plan. The focus should be on improving quality and efficiency to stabilize growth, enhancing target guidance, improving growth quality, strengthening market development, tapping growth potential, and ensuring smooth economic circulation. Efforts should also be made to strengthen the role of SOEs in technological innovation, cultivate leading tech enterprises, accelerate the transformation and application of achievements, and foster a good innovation ecosystem. Furthermore, efforts should be made to advance the layout optimization and structure adjustment of the state-owned economy, focusing on promoting the 'Three Concentrations' of state-owned capital, optimizing and enhancing traditional industries and creating emerging pillar industries.
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