SOE reform includes mixed ownership model

Growth firms enter equity markets by backdoor listings

Forty-two State-owned holding companies listed on the Shenzhen Stock Exchange suspended trading due to major issues in the first half of 2016, signaling that China is stepping up SOE reform.

According to the exchange, 12 State-owned holding companies revealed restructuring plans with funds totaling 89.5 billion yuan ($13.4 billion), and 28 announced refinancing plans totaling 72 billion yuan.