SOE reform to step up a gear

Regulator's plans include equity diversification and strategic restructuring

Reform of State-owned enterprises will accelerate in the second half of this year, as the SOE regulator plans for two to three central SOEs to implement equity diversification at group level, and will push forward the strategic restructuring of central SOEs in key industries.

A meeting of the State-owned Assets Supervision and Administration Commission on Tuesday revealed that it will carry out the diversification of equity at headquarters (or group) level, at two to three central SOEs within the year, and further step up mixed-ownership reforms in commercial SOEs whose main business is in a fully competitive industry or field.