Liu Peng said that in recent years, with the continuous deepening of reforms, particularly the deepening of the reform of state-owned enterprise SOEs, our country’s enterprise management theory is also continuously progressing. First, at the level of state-owned enterprises, there emerged assets from management to capital management. The transformation, the state-owned capital investment operation company was established, and pilot projects were promoted in Shenhua, COFCO and other enterprises.
Second, the mixed ownership system was launched. At Unicom, a pilot project was conducted. Various initiatives including employee stock ownership emerged.
Third, the reform of the corporate governance structure of state-owned enterprises requires that all companies establish a board of directors and implement a professional manager system. Managers' income must be closely combined with business performance, and further marketization.
Fourth, the compliance management industry has received attention. Liu Peng introduced that the China Enterprise Confederation, the China Council for the Promotion of International Trade, and the Institute of Multinational Corporations have established the National Enterprise Compliance Coalition. He said that after the ZTE Incident came out, the state paid more attention to compliance issues.