State-owned enterprises are accelerating the "streamlining and strengthening" reform, with the optimization of listed company ownership and the restructuring of headquarters advancing simultaneously.

Recently, there has been a new case of the free transfer of shares from a state-owned enterprise to a listed company under its control. In early August, Huadian New Energy's controlling shareholder Huadian Fuyuan signed an agreement with its parent company, China Huadian Group, to transfer 29% of its shares to the group headquarters free of charge, elevating Huadian New Energy's property rights level from Tier 3 to Tier 2. According to statistics, by 2026, more than 10 cases of free share transfers from state-owned enterprises to listed companies have been disclosed or are in progress. The optimization of equity in listed companies is an important aspect of the central enterprises' efforts to "streamline and strengthen," reforming management levels. Since 2026, many state-owned enterprises, including China State Construction Group, Sinopec, and China Energy Engineering Group, have successively initiated large-scale reforms of headquarters institutions, promoting reforms towards value-oriented and flatter structures by reducing levels, integrating departments, and establishing new strategic emerging industry agencies.