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New SOE guidelines clarify equity structure

By Lan Lan | China Daily | Updated: 2015-09-15 08:21

China's biggest blueprint in two decades on the overhaul of State-owned enterprises has clarified principles for diversifying the equity structure of SOEs, which have total assets of more than $15 trillion.

The new guideline for SOE reform, which was unveiled on Sunday, classifies the SOEs into two groups for the first time: those for public service and those that are profit-oriented.

In principle, all profit-oriented SOEs should seek to channel more investment from private investors or other State-owned capital to realize equity diversification, said Lian Weiliang, vice-chairman of the National Development and Reform Commission, at a news conference in Beijing on Monday.

New SOE guidelines clarify equity structure

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