State capital optimization gets impetus By ZHONG NAN | China Daily | Updated: 2021-02-24 08:56 Share Role-model companies set to foster country's high-quality growth efforts China will accelerate the optimization of State capital and industrial restructuring during the 14th Five-Year Plan period (2021-25) and create role-model companies to foster high-quality growth, senior government officials said on Tuesday. The government will promote the strategic reorganization and professional integration of centrally administered State-owned enterprises and divest their noncore, nonadvantageous and noncompetitive businesses during this period, said Hao Peng, chairman of the State-owned Assets Supervision and Administration Commission of the State Council. "This will help deal with ineffective and low-performing assets, and speed up the digital and smart upgrading of China's SOEs," he said, adding the government will focus on strategic security, industrial advantages, national economy, people's livelihood, public services and other functions while restructuring State capital in the next stage.