convert system; restructure; corporatize
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesverb
to convert the system or structure; to restructure (an organization/enterprise); to corporatize
formalCommonly used in the context of enterprise reform, public institution reform, or organizational restructuring in China, often involving a change from state-owned to corporate or shareholding structure.
Hòu后
qín勤
bù部
mén门
jiāng将
zài在
nián年
dǐ底
qián前
wán完
chéng成
zhuǎn转
zhì制
。
The logistics department will complete its restructuring by the end of the year.
Zhè这
jiā家
guó国
yǒu有
qǐ企
yè业
míng明
nián年
jiāng将
zhuǎn转
zhì制
wéi为
gǔ股
fèn份
zhì制
gōng公
sī司
。
This state-owned enterprise will be converted into a joint-stock company next year.
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Shì事
yè业
dān单
wèi位
zhuǎn转
zhì制
hòu后
，
yuán员
gōng工
de的
dài待
yù遇
huì会
yǒu有
suǒ所
biàn变
huà化
。
After the public institution is restructured, employee benefits will undergo some changes.
Zhuǎn转
zhì制
guò过
chéng程
zhōng中
yào要
què确
bǎo保
guó国
yǒu有
zī资
chǎn产
bù不
liú流
shī失
。
During the restructuring process, it is essential to ensure that state-owned assets do not suffer losses.