$15b fund to accelerate SOE reforms

State, private firms to manage special body on mixed-ownership basis

The central government is planning to set up a special fund of up to 100 billion yuan ($15.19 billion) to accelerate mixed-ownership reform by the first half of next year, China Securities Journal reported on Thursday.

The fund will be jointly invested by a number of State-owned enterprises and private companies. Each side will hold half of the fund's stock rights to manage it as a mixed-ownership fund, said the report.