It would propose sustainable SOE business models which struck a balance between commercial, developmental and shareholder objectives.

The PRC would also review the collaboration between government ministries and SOEs, consider proposals for their strategic management and operational effectiveness, and propose viable shareholder and governance models.

"The PRC has held seminars with domestic and international partners including consultations with SOEs, government departments and other role players and is now in a position to receive public submissions which will contribute to the successful completion of the report to the president," the presidency said.

It said the input should address whether SOEs were, or were likely to be viable, effective, and add value to development and transformation, and if not what could be done or what should be enhanced.

It should also address the appropriateness of the governance, ownership model, policy, and legislation to SOEs' effective delivery, whether the SOEs' mandate and agenda was clear and sufficiently aligned with the state's development and transformation plans.

The deadline for submissions was Friday July 31.