SOE reform momentum to set tone for A-share market

Analysts recommend cash-rich firms, oil SOEs and consumer-related stocks

When investors place their bets in the A-share market this week, one of the key factors they would weigh is the progress of the reform and restructuring of the country's loss-making State-owned enterprises, analysts said.

Investors have been taking note of the stronger willingness recently expressed by the top leadership in Beijing to reform the SOEs, a top priority of the country's supply-side reform, as President Xi Jinping and Premier Li Keqiang repeatedly stressed the significance of such reform over the past two weeks.