Big steps in SOE mixed-ownership reform

Mixed-ownership reform of a number of central State-owned enterprises is expected to be approved within the third quarter of this year, as the coal, steel, heavy equipment and thermal power sectors will become the government's priority in restructuring its giant SOEs, said experts on Tuesday.

Mixed-ownership reform acts as a major part of the overall reform of SOEs. It is pushed by factors including China's ongoing supply-side reform, the Belt and Road Initiative and many Chinese companies' "going global" strategy, as well as the "Made in China 2025" plan.

A group of central SOEs, including China National Aviation Holding Co, Power Construction Corp of China and China National Cereals, Oils and Foodstuffs Corp, have already started to draft plans for mixed-ownership reform.