Guizhou: Implementing a new round of state-owned enterprise reform actions to comprehensively improve the efficiency of state asset management.

The General Office of the People's Government of Guizhou Province recently issued "Several Policy Measures on Cultivating and Strengthening the Main Entities of Operation". The "Measures" propose to implement a new round of state-owned enterprise reform. Continuously deepen the reform of labor, personnel, and distribution systems, improve the classified assessment and evaluation system, improve the "one enterprise, one strategy" assessment mechanism, and comprehensively enhance the effectiveness of state-owned asset supervision. Promote the orderly integration and restructuring of provincial, municipal, and county state-owned enterprises with high relevance to the province's dominant industries, promote optimal allocation of resources, and comprehensively enhance core competitiveness. Promote the reform and transformation of financing platforms. Promote the market-oriented, entity-based, and rule-of-law-based transformation of financing platforms in an orderly manner, support the implementation of enterprise integration and restructuring based on the principles of "peer mergers and industry connections", and promote the transformation of platforms into market-oriented businesses such as urban operations and industrial investment. Guide financial institutions to support the resolution of existing debt risks in accordance with laws and regulations. Guide cities and counties to formulate and improve reform and restructuring plans after the exit of financing platforms, strictly prohibit the establishment or transformation of various types of financing platforms.