SOE reforms to get impetus

The nation will consider transferring State-owned assets into preferred stock and the State special share management system, a senior official said.

"The government is conducting research on the preferred stock mechanism and the State special share system, and we expect to have a clear direction by the end of this year," said Peng Huagang, deputy secretary-general of the State-owned Assets Supervision and Administration Commission of the State Council.

The State special share system is similar to the concept of golden shares or special rights, that was adopted by the British government in the last century. The State Council first proposed the system in 2015 as part of the shareholding system reforms in State-owned enterprises.