Mixed-ownership reforms in SOEs to be expanded

Pilot projects to deepen mixed-ownership reform in State-owned enterprises will be further expanded this year, particularly in key industries and northeastern regions of the country, China's top SOE regulator said on Thursday.

The government will increase the intensity of reforms in leading commercial SOEs and further explore equity diversification at the centrally-administered SOE level this year, said Peng Huagang, deputy secretary-general and spokesman of the State-owned Assets Supervision and Administration Commission.

The number of State capital investment and operation companies had been expanded to 21 in centrally-administered SOEs, or central SOEs, last month, 11 more from 2018, including China National Building Material Group Co and China Resources (Holdings) Co. Nineteen of them are investment companies, he said at a news conference in Beijing.