Page:2018 Report on the Work of the Government.pdf/29

 We will establish a state financing guaranty fund, support leading innovative enterprises in going public, and extend nationwide the pilot preferential tax policies for venture capital investment and angel investment.

We will deepen the reform of institutions for talent development, promote free flows of human resources, support enterprises in increasing pay packages for technical workers, and strengthen the incentives for highly skilled personnel.

We will encourage overseas Chinese students to return to China after completing their studies to pursue business and other innovative ventures; we will create a fast track to attract more foreign talent to China. We have no doubt that by bringing together myriad intellects and pooling everyone's energies, China will break into a sprint in innovation.

3. Deepening reforms in fundamental and key areas

We will, drawing on the important momentum generated by the 40th anniversary of reform and opening up, endeavor to make new breakthroughs in reform, and continue to unleash and develop productive forces.

We will advance the reform of state capital and SOEs.

Lists of investor rights and obligations regarding oversight and regulation will be formulated. We will deepen trial reforms in state capital investment and management companies, and grant them more decision-making power. We will continue moving forward with the improvement and restructuring of SOBs and the joint-stock reform of central government enterprises, and move faster to give shape to corporate governance structures with effective checks and balances and flexible and efficient market-based operating mechanisms. We will work consistently to make SOBs into leaner, better performers, increase the core competitiveness of their main business, and strengthen, expand, and increase returns on state capital.

We will prudently move forward with reforms introducing mixed ownership in SOBs. The system for State Council reporting to the NPC Standing Committee on the management of state-owned assets will be implemented. Our SOBs should, through reform and innovation, become front-runners in pursuing high-quality development.

We will support the development of private enterprises.

There will be no irresolution about consolidating and developing the public sector and no irresolution about encouraging, supporting, and guiding non-public sector development; we will uphold the principle of equal rights, equal opportunities, and fair rules. We will implement fully all policies and