The phrase "below 2%" clearly defines the upper boundary of the rate of HICP increases which is consistent with price stability. This upper boundary is in line with the practice of the national central banks of participating Member States before the start of the Stage Three of EMU.
The reform of SOE has accelerated as reflected in the establishment of state-owned asset management and supervision system and improved corporate governance. (1) The State Assets Administration and Supervision Commission has been established. (2) Rights and accountability of the board of directors, board of supervisors and shareholders have been defined in line with the requirements of modern corporate governance.