Guideline to help lift financial security, mixed ownership

China will improve the management of State-owned financial institutions in key sectors to bolster financial security, widen mixed-ownership and financial opening-up reforms to vitalize the market, said a guideline released by the central authorities.

The move aims to "optimize the strategic layout of (State-owned) financial capital", enhance the vitality of State-owned financial institutions, and maintain or increase their values, according to the guideline issued by the Communist Party of China Central Committee and the State Council, the country's cabinet.

The move comes on the back of ongoing efforts to improve the real economy, prevent financial risks and deepen financial reform.