China will speed up reforming the state-owned enterprises (SOEs) while transparentizing the procedure of restructuring, said Chinese Vice Premier Huang Ju Monday in Chengdu.

China will continue transforming more SOEs into joint stock companies and introducing corporate governance, Huang said during his inspection in southwest China's Sichuan Province, where a number of large SOEs are located.

Huang, also member of the Standing Committee of the Political Bureau of the Chinese Communist Party Central Committee, said the administration will tighten the supervision on restructuring procedure to improve transparency and fair competition and preventthe state-owned assets from devaluating during the transaction.

As a major province in west China, Sichuan should take the mostadvantage of its own resources and make a sustainable and eco-friendly development, he added.

Source: Xinhua