Chairman Li Rongrong Met with Chairman of the Board of Nomura Holdings, Inc.

On Nov 19, SASAC Chairman Li Rongrong met with Mr. Junichi Ujiie, Chairman of the Board of Nomura Holdings, Inc. Mr. Li Rongrong briefed on the development of Central SOEs over the years, and their measures to tackle the financial crisis. He pointed out that companies should enhance their reform, respond rapidly to the market, and adjust their structure timely. Chinese Central SOEs, he stressed, should catch up with the world leading companies, find out where they fall short, and improve their competitiveness.

Mr. Junichi Ujiie said that Chinese Central SOEs had not only played an important role in China’s economy, finance and people’s livelihood sectors, but also had great influence on the world economy. Under the leadership of Chairman Li Rongrong, the reform of SOEs possessed unusual features, their governance structure was getting sounder, and the Central SOEs got remarkable achievements since the establishment of SASAC. Mr. Junichi Ujiie briefed on some problems existing in Japan, like low birth rate and aging population, remaining pressure of energy reservation and environmental protection, and the necessity of Japanese enterprise to integrate and adjust. In addressing these problems, Japanese government is taking measures, including issuing government subsidy to encourage childbirth, researching and developing robots, encouraging energy saving products, and deepening Japanese industrial adjustment, to lead the Japanese enterprises toward a higher level competition.

Mr. Junichi Ujiie also introduced changes of Nomura group happened over this year and its advantages in overseas markets; meanwhile, he expressed the willingness to strengthen the cooperation with SASAC.