The ambitious nuclear power program motivates the Chinese nuclear community to develop advanced reactor concepts of generation IV, in order to ensure the longterm, stable and sustainable development of nuclear power. The supercritical watercooled reactor (SCWR) has favorable features in economics, sustainability and technology availability. It is the logical extension of the existing PWR technology and has very promising perspectives in largescale power generation in China. This paper describes the main features of SCWR. New designs of SCWR core structure and fuel assemblies are proposed. Preliminary analysis using a coupled neutronphysics/thermalhydraulics method is carried out and shows a good feasibility of the new design proposal.