In early trading today, Shanghai enterprise reform concept stocks rose and strengthened. As of press release, Johnson & Johnson Holdings (600662-CN) rose 9.4% to 4.54 yuan, Shibei Hi-Tech (600604-CN) rose 6.02% to 5.11 yuan, Kaichuang International (600097-CN) rose 4.71% to 11.34 yuan, and Shanghai Commodity Trade (600882-CN), Changjiang Investment (600119-CN), and leading shares (600630-CN) all rose nearly 4%.

According to the news, the first meeting of the State Council's State-owned Enterprise Reform Leading Group was held in Beijing on July 26. The conference pointed out that reforming the authorized management system for state-owned capital, actively and steadily advancing mixed ownership reform through hierarchical classification, speeding up the optimization of the layout and restructuring of central enterprises, speeding up the formation of a corporate governance structure with effective checks and balances and a flexible and efficient market-based management mechanism, promoting information disclosure to build a “Sunshine State Enterprise”, fighting to prevent and resolve major risks, and strengthen party building and anti-corruption efforts.

Lisa Zhou, an associate researcher at the State Council's State-owned Assets Administration Commission Research Center, said that in the first half of the year, the country continued to push forward supply-side structural reforms, and corporate leverage ratios and costs continued to decline, laying a good foundation for further progress in subsequent reforms. Reforms will be further deepened in the future. These include: central enterprises have strengthened debt constraints, and the investment scale of high-debt enterprises has steadily declined; the scale of equity financing has increased rapidly through multiple channels, the scale of equity financing has increased, mixed reform efforts have been increased, and social capital has been widely introduced; the reform of state-owned enterprises will be revitalized, asset operation efficiency will be improved, and market-based reform measures will be actively promoted to improve enterprise efficiency.