Regulator to push forward mixed-ownership reforms

The National Development and Reform Commission, the country's top economic regulator, will push forward mixed-ownership reforms by encouraging foreign and private capital to pour into State-owned enterprises to advance the reform and restructuring of the SOEs.

Foreign and private capital will be encouraged to join the State firms through buying stakes and convertible bonds from or conducting share rights swaps with SOEs, it said in a statement on Thursday.

The commission will also continuously improve the withdrawal mechanism for all types of capital to encourage the inflow of capital to foster more world-class, globally competitive companies, it said.