Deputy Director of the State-owned Assets Supervision and Administration Commission (SASAC) under the State Council Shao Ning recently met with director of the Government of Singapore Investment Corporation (GIC) Dr Teh and his delegation.

Shao introduced in the interview the latest situation on the reform and development of central enterprises, particularly separating secondary lines of business from core business and turning secondary lines into independent companies, and stated that central enterprises still lack experience in capital market operation and internalization. SASAC bolsters GIC to strengthen cooperation with central enterprises and GIC is welcome to participate in the reorganization of central enterprises.