SASAC urged government-owned companies to sharpen overseas investment playbooks and bolster security safeguards as Beijing looks to widen the global footprint of its state enterprises. The announcement appeared on the agency's website on Saturday.
The regulator called for deeper international cooperation spanning technology, equipment and standards. It also said central state-owned enterprises should align overseas expansion with China's broader opening-up agenda, coordinate the use of domestic and international markets, pursue ties that benefit both China and partner countries, and support peaceful development.
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SASAC pressed central SOEs to reinforce Communist Party leadership, raise accountability, and ramp up anti-corruption efforts. It asked Party organizations and their members to set the standard on major projects and important tasks. Following this week's fatal blaze on a foreign cargo ship at Beihai Shipbuilding in Qingdao that killed 25 people, the agency pressed companies to learn from the incident and intensify safety checks. It also asked the company involved to work with rescuers and investigators and to fix the problems identified.
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