Nation adopts measures to lift real economy

Second batch of central SOEs chosen to optimize capital use via reforms

China will select 10 centrally-administered State-owned enterprises as the second batch of pilot State-owned capital investment and operating companies to optimize capital use via diversified forms of operation, the country's top regulator for State assets said on Monday.

The government will encourage them to establish independent financial companies and apply for financial licenses to better serve the real economy by using their own capital, said Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission.