Strengthening the Backbone: Building World-Class State-Owned Enterprises
We guide SOEs through the complex journey of reform and modernization. From mixed-ownership restructuring to market-oriented mechanisms, we help transform state assets into competitive, efficient global champions.
Core Practice Areas
Strategic Restructuring & Mixed-Owners
Resource Integration · Mixed-Ownership · Professionalized Operation
Optimizing layout, adjusting structure.Strategic Positioning & Restructuring: Clarifying main responsibilities and core businesses; integrating resources to avoid fragmentation and “hollowing out.”
Mixed-Ownership Reform (MER) Design: Introducing strategic investors, designing equity structures, and establishing market-based governance mechanisms.
Professionalized Subsidiary Operation: Transforming administrative branches into market-oriented operating entities.
Corporate Governance & Board Excellence
Modern Enterprise System · Board Diversity
From “Management by Administration” to “Management by Capital”.Governance Structure Optimization: Clarifying the boundary between government and enterprises; establishing standardized boards with external directors.
Board Capability Building: Assessing board effectiveness and training directors on fiduciary duties and strategic decision-making.
Marketization & Incentive Mechanism
Three System Reforms · Tenure System · ESOP
Unleashing the vitality of human capital.Three System Reforms: Breaking the “Iron Rice Bowl”; implementing market-based recruitment, performance appraisal, and salary distribution.
Manager Tenure & Contracting: Signing performance contracts with professional managers, clarifying accountability and exit mechanisms.
Medium & Long-Term Incentives: Designing ESOPs, dividends sharing, and stock options for key talents in qualified SOEs.
Capital Operation & Investment Management
State Capital Investment Companies · M&A & Listing · Supervision System
Transitioning from managing enterprises to managing capital.State Capital Investment/Operation Company Pilot: Redesigning headquarters functions, authorizing powers, and establishing fund management platforms.
Listing & M&A Strategy: Guiding SOEs through IPOs, asset injections, and strategic acquisitions to optimize asset securitization.
Investment Supervision & Risk Control: Establishing “Three Major Supervisions” systems (Strategic, Budget, Performance) to prevent state asset loss.
World-Class Benchmarking & Digital Transformation
Benchmarking Global Leaders · Digital SOE · Innovation System
Accelerating high-quality digital transfromation.World-Class Benchmarking: Selecting global peer benchmarks; diagnosing gaps in management, innovation, and branding.
Digital SOE Transformation: Building digital management platforms for finance, HR, and supply chain to enhance transparency and efficiency.
Innovation Mechanism Design: Establishing R&D incentives, innovation funds, and collaboration models with universities.
