Mixed-owner SOE list to be unveiled soon
Print Edition
CHINA will soon unveil a list of state-owned enterprises to pilot mixed-ownership reform, the latest move to invigorate the torpid SOEs.
The list may be released as early as next Tuesday with the chosen firms administered by the central government, the China Securities Journal quoted a source close to the matter as saying yesterday.
The source stressed the firms selected are only the first round group and more SOEs will be involved, calling the reform process as “crossing the river by feeling for the stones.”
The reform will keep improving through the pilot, the source said.
China has made mixed-ownership reform of SOEs a significant part of its economic restructuring. The State-owned Assets Supervision and Administration Commission has unveiled moves to step up the process.
SOE giants like China National Petroleum Co and China Telecom have unveiled their own plans to diversify corporate ownership. The monopoly of SOEs in many fields leads to low efficiency and poor service.
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