Shanghai Huangpu District Unveils 15th Five-Year Plan for State-Owned Enterprise Reform
Shanghai's Huangpu District government issued its 15th Five-Year Plan for state-owned enterprise reform, aiming to enhance the quality of listed companies. The plan supports firms like Laofengxiang to consolidate industry leadership and become a benchmark in the gold and jewelry sector, while encouraging New World and Yimin to adapt to consumption trends. It also promotes refinancing for supply chain strengthening and improved governance, disclosure, and market value management.
The General Office of the People's Government of Huangpu District, Shanghai, issued the "15th Five-Year Plan for the Reform and Development of State-Owned Assets and Enterprises in Huangpu District" on September 1, proposing to improve the development quality of listed companies. The plan specifies support for listed companies to optimize their functional layout and enhance core competitiveness; encourages Laofengxiang Co. , Ltd. to consolidate its leading industry advantage, enhance brand influence, industrial integration capability, and value creation level, and build itself into a benchmark enterprise in the gold and jewelry industry; and encourages New World Co. and Yimin Co. to adapt to new consumption trends, advance brand reinvention and business format optimization, and elevate the development capacity of their core businesses.
The plan also proposes supporting enterprises to lawfully and compliantly use capital market refinancing tools to strengthen and supplement their supply chains, as needed for development; and guiding listed companies to improve mechanisms for standardized governance, information disclosure, investor relations management, and ESG construction, while refining the performance evaluation system for market value management, so as to continuously enhance operational quality, governance standards, and their image in the capital market.