As State-owned enterprises' reform deepens, efficiency is going to be critical to quality, said Shanghai's top officials at a news conference on Thursday. China's Central Committee for Deepening Overall Reform had reviewed and approved the three-year (2020-22) action plan for SOEs in late June. On Dec 10, Shanghai's municipal government released its own plan for local SOEs. Reform for mixed ownership will be integral to improving SOEs' efficiency, said Dong Qin, deputy Party secretary of the State-owned Assets Supervision and Administration Commission of Shanghai Municipality. Public SOEs in which State-owned shareholders have a higher stake are encouraged to introduce strategic investors as key active shareholders, so that the latter can take part in corporate governance.