Xiao Yaqing, chief of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) greets journalists at a press conference on the reform of state-owned enterprises on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. (Xinhua/Zhao Yingquan)

Chief of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Xiao Yaqing (2nd L), SASAC Deputy Chief Zhang Xiwu (3rd L), SASAC Deputy Chief Huang Danhua (1st L) and SASAC Deputy Secretary General and Spokesperson Peng Huagang (2nd R) give a press conference on the reform of state-owned enterprises on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. (Xinhua/Li Xin)

Chief of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Xiao Yaqing (2nd L, back), SASAC Deputy Chief Zhang Xiwu (2nd R, back), SASAC Deputy Chief Huang Danhua (1st L, back) and SASAC Deputy Secretary General and Spokesperson Peng Huagang (1st R, back) give a press conference on the reform of state-owned enterprises on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. (Xinhua/Chen Junqing)