SOEs to create more job opportunities for college graduates

China's top State asset regulator urged centrally-administrated State-owned enterprises to create more job opportunities for college graduates, migrant workers and residents in poor areas this year to help return the epidemic-hit economy to normalcy.

To further mitigate the impact caused by the virus outbreak, central SOEs and their units will seek new employees via online recruitment events and other activities without any charge to help stabilize the country's job market this year, the State-Owned Assets Supervision and Administration Commission of the State Council said in an online statement.

China International Intellectech Co Ltd, a central SOE providing human resources, training and international project cooperation services to more than 98,000 businesses across the world, had received job demands in 13,944 categories to recruit more than 50,000 new employees for 1,848 subsidiaries of 49 central SOEs by March 12.

In the meantime, CIIC actively provided human resources services to locally-administrated State-owned enterprises, private and foreign companies. It released 3,628 job categories for nearly 2,200 companies to hire about 40,000 people. The company received a total of 47,000 submitted resumes.

In addition to stabilizing the job market, the commission called on central SOEs to accelerate the pace of restarting production, because it will drive upstream and downstream businesses within the industrial chain to resume production and operation as soon as possible.