Measures will be taken to improve management and promote the combination of internal control and external supervision. A restraint mechanism will be established and then continually improved.

Debt-ridden SOEs will be pushed to bring their asset-liability ratios to reasonable levels as soon as possible.

Participants of the meeting agreed to push forward pilot projects for improving supervision of operating state assets of central Party and government organs and public institutions, stressing the separation of government functions from the management of enterprises and capital.

They called for the establishment of a state capital management platform, as well as efforts to improve state capital structure, ensure the sound development of enterprises, and maintain and increase the value of state assets.

The reform at enterprises under colleges and universities should follow the path of state capital management reform, which should be carried out in line with both education principles and market rules, to enable universities to focus on education, according to the statement.

A central system for basic pension funds of enterprise employees will be established to ensure such funds are used inter-provincially. Through central management, coordination and financial aid, the security and sustainability of pension funds will be maintained, and retirees will receive the full amount of pension funds on time.

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