Foreign firms welcome in mixed ownership reform
Print Edition
China welcomes all types of enterprises, foreign as well as domestic, to participate in mixed-ownership reform of state-owned enterprises, according to the state assets regulator.
“We’ll be delighted to see foreign enterprises taking part in the mixed-ownership reform,” Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission, said on Saturday on the sidelines of the annual legislative session.
China is firm in opening up and pushing forward the mixed-ownership reform, Xiao said. The reform diversifies the ownership structure of SOEs — considered key to successful change. He pledged that the rights and interests of all investors participating in the mixed-ownership reform would be protected.
China has had three rounds of mixed-ownership reform, including one covering telecom giant China Unicom to bring in private investment mainly by issuing shares.
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