Major reforms in pipeline for SOEs

China will complete ownership reforms at more than 100 central government-run enterprises by the end of the year through introducing more private capital to State sectors, Economic Information Daily quoted the State-Owned Asset Supervision and Administration Commission as saying on Monday.

The commission has formulated the schedule for the mixed ownership reform, according to the newspaper run by the Xinhua News Agency. Mixed ownership reform aims at boosting the efficiency of the SOEs.

Mixed ownership reform will be a critical pillar of SOE reform efforts in 2017, according to a statement published at the annual Central Economic Work Conference in mid-December. The electricity, petroleum, natural gas, railways, civil aviation, telecommunications and defense industries will be the focus of the mixed ownership reforms.