Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission (SASAC); Weng Jieming, deputy head of the State-owned Assets Supervision and Administration Commission, and Peng Huagang, deputy secretary-general and spokesman of the State-owned Assets Supervision and Administration Commission answered questions on reform and development of State-owned companies at a press conference during the second session of the 13th National People's Congress on March 9, 2019.

Here are the highlights:

SOEs want less frictions for better trade environment

Chinese State-owned enterprises are willing to see fewer trade frictions, and SOEs will follow market rules to better promote trade globalization and opening-up and co-operation, said Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission.

A better trade environment between China and the United States is expected, so that enterprises can operate better and develop better. This is the hope of both China's SOEs and overseas enterprises, Xiao said.

He noted that SOEs, like other types of enterprises, are the subject of market competition, and develop according to market roles and marketization reform direction.