China’s Resolve for SOE Reform Undiminished

General of the SASAC.

Mixed ownership reform—diversifying the shareholding structure of SOEs—is likely to take off in the second half of the year.

According to the National Development and Reform Commission (NDRC), a total of 20 SOEs, split into two groups in industries ranging from electrical services to civil aviation, are experimenting with a mixedownership structure that includes private or even foreign investment.

“The scope of a third group will be expanded, with priority given to enterprises in provincial-level regions,” read an NDRC statement.

The specifics of such ownership are likely to be clarified in the next few months, and companies in the oil and gas industries will be at the forefront, reported the China Securities Journal.