Third round of mixed ownership reform to include more local Chinese SOEs

November 20, 2017

BEIJING - China has picked a group of 31 State-owned enterprises for the third round of SOE mixed ownership reform, aiming to bring more private capital into the State sector, the China Daily reported.

"The State Council has chosen 31 State enterprises, run by regional authorities or the Central Government, and we are working with the pilot enterprises to come up with implementation plans," Meng Wei, spokeswoman for the National Development and Reform Commission, told a news conference.

The first two rounds of reform covered 19 SOEs that are gradually implementing their restructuring programmes. More than one-third of them have completed most of their reforms, including introducing new investors, boosting corporate governance and setting up new internal incentive mechanisms, Meng said. (ATI).