In the year the “15th Five-Year Plan” began, “Central China Peace” became a new trend in asset consolidation for state-owned enterprises. In 2026, six groups of listed central and local state-owned enterprises have emerged, including central enterprises entering local state-owned listed companies, local state-owned enterprises taking control of listed companies controlled by central enterprises, local state-owned enterprises taking control of listed companies, and “asset-for-share” strategic alliances that do not involve changes in control. The transaction structure is more diverse and innovative than ever before. The consolidation of central and local assets during the year was concentrated in key areas such as strategic resources, high-end manufacturing, public safety, medicine and health. Most of the target assets were upstream or at the core link of the industrial chain, pointing to serving the national strategy, ensuring the safety of the industrial chain, and laying out strategic emerging industries. Lisa Zhou, research director of the China Modern State-owned Enterprise Research Institute at Tsinghua University, told reporters that the new round of strategic restructuring will no longer simply pursue enterprise size, but will focus on whether it can reinforce the country's strategic shortcomings and lead industrial upgrading as the core, clarifying the horizontal integration of similar businesses and vertical integration upstream and downstream of the industrial chain, and improving the efficiency of the overall allocation of state-owned capital. She further determined that strategic emerging industries will be the core focus of the next layout, focusing on cutting-edge fields such as next-generation information technology, new energy, new materials, and the low-altitude economy.
Zhitongcaijing · 1d ago
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In the year the “15th Five-Year Plan” began, “Central China Peace” became a new trend in asset consolidation for state-owned enterprises. In 2026, six groups of listed central and local state-owned enterprises have emerged, including central enterprises entering local state-owned listed companies, local state-owned enterprises taking control of listed companies controlled by central enterprises, local state-owned enterprises taking control of listed companies, and “asset-for-share” strategic alliances that do not involve changes in control. The transaction structure is more diverse and innovative than ever before. The consolidation of central and local assets during the year was concentrated in key areas such as strategic resources, high-end manufacturing, public safety, medicine and health. Most of the target assets were upstream or at the core link of the industrial chain, pointing to serving the national strategy, ensuring the safety of the industrial chain, and laying out strategic emerging industries. Lisa Zhou, research director of the China Modern State-owned Enterprise Research Institute at Tsinghua University, told reporters that the new round of strategic restructuring will no longer simply pursue enterprise size, but will focus on whether it can reinforce the country's strategic shortcomings and lead industrial upgrading as the core, clarifying the horizontal integration of similar businesses and vertical integration upstream and downstream of the industrial chain, and improving the efficiency of the overall allocation of state-owned capital. She further determined that strategic emerging industries will be the core focus of the next layout, focusing on cutting-edge fields such as next-generation information technology, new energy, new materials, and the low-altitude economy.
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