Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the need for deepening state-owned enterprise (SOE) reforms by 2026, focusing on modernizing corporate governance and enhancing market-oriented operational mechanisms [1] Group 1: SOE Reform Initiatives - By 2026, local SASACs are tasked with advancing SOE reforms and improving the modern enterprise system with Chinese characteristics [1] - Key tasks include broadening the sources of external directors and effectively utilizing the talent reserve for external directors in state-owned enterprises [1] - There will be a stronger push for two-way exchanges between full-time external directors and current leadership, alongside enhanced training for directors and accountability measures [1]