What they say

China welcomes foreign businesses to participate in reform of Stateowned enterprises, which will diversify their ownership structure and is considered an important part of their development. Xiao Yaqing, chairman of the State-Owned Assets Supervision and Administration Commission China is resorting to SOE mergers and acquisitions to create more global powerhouses with a competitive edge and to further supply-side structural reform. Yu Xubo, deputy to the 13th National People’s Congress and president of China National Cereals, Oils and Foodstuffs Corp How to improve the quality of made-in-China goods, increase the added value of products and make them more technology-driven are the major issues that confront many SOEs. Ning Gaoning, member of the 13th National Committee of the Chinese People’s Political Consultative Conference and chairman of Sinochem Group SOE reform will enter deeper waters this year as the government expects them to play a larger role in leading the reduction of excess capacity, keeping the debt ratio under control and driving highquality economic development. Wang Dujuan, NPC deputy and chief engineer of China Railway Engineering Equipment Group The government is conducting research into the preferred stock mechanism and the State special share system, and we expect to have a clear direction by the end of this year. Peng Huagang, deputy secretarygeneral of the State-Owned Assets Supervision and Administration Commission