In the morning of January 27th, the Fourth Session of the Twelfth People's Congress of Shandong Province was opened solemnly in Jinan. Mr. Li Xiyong, delegate of Provincial People’s Congress, General Manager of the Board and Deputy Secretary of the Party Committee of Yankuang Group, attended the meeting. In the group discussion of Jining delegation that was held in that afternoon, Mr. Li Xiyong made a key speech.
On reform of state-owned enterprises, Mr. Li Xiyong expressed his idea to clear the scope of stated-owned assets supervision, give enterprises more autonomy, and use everyone-holding-shares in mixed ownership economy with caution. As to the internal reform of state-owned enterprises, the parent company should be gradually transformed to an investment-holding company, with its focus on strategic investments and major decisions, improve the Board’s support mechanism, operating procedures, rules of procedure, and fully grant the secondary company authority of production and management.
Mr. Li Xiyong also participated in a news media forum held by Yankuang Group, during which, he gave a comprehensive introduction to the company's achievements in 2014, accepted a joint interview with Xinhua News Agency, People's Daily, Public Daily, Shandong Province Broadcasters and ten more mainstream media and more than 20 reporters from Hong Kong and Shandong Province, exchanged views frankly on issues with public concern such as Yankuang Group’s losses reducing and profits increasing, enterprise reform, and work arrangements in 2015 as well as in the future.
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