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Refile: China's state planner head holds meeting with SOEs on reform, energy security

REFILE-China's state planner head holds meeting with SOEs on reform, energy security

Fixes typo

- China's state planner head held a symposium on Tuesday with executives from seven state-owned enterprises (SOEs), focusing national priorities including SOE reform and energy security.

  • Zheng Shanjie, the head of the National Development and Reform Commission (NDRC), said SOEs should promote green and low-carbon development, improve the clean and efficient use of coal, drive industries' transition to low-carbon models and effectively ensure energy security.

  • The meeting was attended by executives from SOEs including COSCO Shipping, China Coal Technology & Engineering Group, Air China Cargo 001391.SZ and China Shenhua Coal to Liquid and Chemical, a subsidiary of China Shenhua 601088.SS.

  • This marks a rare dedicated symposium focused solely on state-owned enterprises, unlike previous meetings Zheng held that primarily targeted private companies.

  • China has called for faster development of a new energy system to safeguard energy security, as geopolitical tensions in the Middle East heighten supply concerns.

  • At Tuesday's meeting, Zheng also called for optimising the state-owned economy's structure and enhancing SOEs' capabilities in innovation, industry control, and security support function.

  • Other topics including the construction of a unified national market were also discussed, according to a statement from the NDRC.


(Reporting by Shi Bu and Liz Lee
Editing by Nick Zieminski)

((Shi.Bu@thomsonreuters.com;))

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