The recently released "Report on High-Quality Development of Central Enterprises ()" by the Research Center of the State-owned Assets Supervision and Administration Commission of the State Council shows that in recent years, central enterprises have focused on enhancing core functions and improving core competitiveness, coordinating the advancement of reforms related to functional missions and institutional mechanisms, and accelerating the forging of modern new state-owned enterprises.

According to this report, central enterprises have continuously improved modern corporate governance systems and enhanced their corporate governance capabilities. For example, they have promoted the construction of scientific, rational, and efficient boards of directors in central enterprises and extended this to subsidiary enterprises; the structure of external directors in central enterprises has been continuously optimized, and their quality and capabilities have been steadily improved; by the end of the year, % of central enterprise groups have established external director evaluation and assessment systems.

In deepening the reform of the operating mechanism, central state-owned enterprises have comprehensively promoted market-oriented employment, advanced with high standards and quality in implementing tenure and contractual management for members of the management team, refined and optimized market-exit criteria and channels, and effectively utilized various talents; continuously improved the assessment and incentive system, made good use of incentive policy tools, strengthened positive incentives, and significantly enhanced the vitality and efficiency of enterprises.

In addition, central state-owned enterprises have been deeply advancing strategic restructuring and specialized integration, enhancing the efficiency of resource allocation and promoting the flow of production factors. "Central state-owned enterprises will continue to transform institutional advantages into governance effectiveness, improve the level of modern enterprise management, enhance the vitality of enterprise reform and the momentum for development, and accelerate the construction of world-class enterprises," the report outlines the next steps in the reform of central SOEs.

On the same day, the Research Center of the State-owned Assets Supervision and Administration Commission of the State Council also released the "Report on the Overseas Development of Central Enterprises ( )". The report states that central enterprises are innovating new models for international investment and trade cooperation, continuously enhancing their ability to better utilize both international and domestic markets and resources, further improving their international business operations and global influence, and integrating into the global market with a more open stance.