September 5, " Minds, Issues & Elites - Alumni Forum" had the honor to have Mr. Ling Bao Heng, alumnus of EMBA992, and Director of State Assets Supervision and Administration Commission of Shanghai Municipal Government to give alumni a speech on " State Assets: System and Managing".

Director Ling briefed the audience with introduction of Shanghai state assets reform which cover status quo of state assets, primary reform tasks & objectives, reform approach & plan.

He pointed out the following key issues in the reform:

1. In order for state-owned enterprises to further development, they should lessen their multiple level subordinate ventures and let state capitals float onto the surface for sake of better use of state capitals.

2. State-owned enterprises should shrug off non-core business.

3. State-owned enterprises should NOT seek 100% full shareholding of state-owned assets, in stead, foreign capital and other private sources of capital should be introduced.

4. State assets reform ought to aim at improving quality, enhancing competitiveness, empowering control and effective supervision to achieve " three movings": 1) capital should be able to move without stagnation and isolation; 2) government is able to move (invest) the capital whenever necessary in areas which are in need; and 3) to be able to move (interact) with other capitals, which include foreign capitals and private capitals

After that, Mr. Ling introduced government's plan and approach of the reform by 1) establishing state asset supervision system; 2) setting up a platform for structural adjusting; and 3) improving the mechanism of motivating and constraining, where HR becomes the spot under light.

The whole speech lasted more than one and an half hours. Nearly 150 alumni attended the speech which is warmly received with applause and put an end to the first event of " Minds, Issues & Elites - Management Forum".