Northeast China's Jilin Province has achieved critical progress in the reform of State-owned enterprises (SOE), according to Li Laihua, vice-director of the provincial economic and trade committee.

Statistics show that 816 key SOEs in the province completed their restructuring into enterprises with a corporate governance system in 2005.

The equity structures of these companies were also changed from being wholly State-owned or State-holdings to varied ownerships, Li said.

With a clearly established ownership system and well-defined corporate organizing structures including shareholders' meetings, board of directors and board of supervisors, a modern enterprise system has basically been set up in Jilin.

"Local authorities have attached great importance to SOE reform, placing it at the top of the agenda for revitalizing industries in Jilin," Li said.

A special work team consisting of the province's top leaders was established to advance the reform, and 141 work groups made up of 1,420 governmental officials were set up to promote the programme.

Wang Yunkun, secretary of the Jilin Provincial Committee of the Communist Party of China, and Wang Min, governor of Jilin, paid visits to the enterprises and helped resolve any major difficulties the enterprises encountered.

Li said the provincial government formulated particular policies covering a wide range of related fields, while offering a series of operative rules to follow in SOE reform.

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