Majority of electric power/petrochemical companies in China are state-owned enterprises. With the industry reform of introducing competition and breaking the market monopoly and the balance between supply and demand being maintained, the SOE will face huge challenges of how to suit the market economy and fierce market competition. Change is inevitable. Electric power/ petrochemical industry is being restructured in China. It is anticipated that small companies will exit and major companies will concentrate on the market.

For all the state-owned companies which have run many years in planed economy, it would be extremely hard to transfer to marketization. 

To be successful in market competition, electric power/petrochemical companies must experience a series changes including enterprise value, operational mechanism, organization structure, function, business process and employees’ behavior.

We have been in the forefront of the reform of state-owned enterprise, and deeply understand the common issues SOE facing during the transformation. We will work closed with clients to develop and implement the solution in change management, strategy formulation, organization restructuring, process optimization, risk management, cost control. rewarding high performers, etc.