SOE changes aim to improve efficiency

The State Council released details on Wednesday for deepening reform of State-owned enterprises by drawing a clear line between the roles of government and SOEs.

SOE supervision authorities need to accelerate deregulation and transform their focus from business management to asset supervision in order to make enterprises into real market players and improve efficiency, said the guidelines.

Xu Hongcai, assistant minister of finance, said the new State-owned investment companies will act as "isolation belts" between the government and the market.