Foreign firms help SOEs

The Chinese government supports private firms and foreign-funded companies to join the reform and growth of centrally administrated state-owned enterprises (SOEs), and make joint efforts to explore ways in mixed ownership reforms, a Chinese official said over the weekend.

China supports the SOEs to join the development of private and foreign-funded companies, Xiao Yaqing, chairman of the Stateowned Assets Supervision and Administration Commission, said at a forum held in Yabuli, Northeast China’s Heilongjiang Province, on Saturday.

Xiao stressed that SOEs and private companies should pursue cooperation and insist on openingup to seek further and stable growth.