16 September 2019

SOE, financial sector reform to top CPC meet agenda, report says

Reforms related to state-owned enterprises (SOEs) and the financial sector are expected to top the agenda of the upcoming 3rd plenary session of the 18th CPC Central Committee, China Economic Weekly reported Tuesday, citing unnamed sources. Among other things, SOEs, except those engaged in businesses related to state safety, national defense as well as lifelines for the national economy, will be encouraged to diversify their shareholding structure by introducing private capital, the report said. The State Council has said private capital could come into in petroleum, power, railways, telecom and public utilities as well as finance industries. In the finance sector, further liberalization on foreign exchange rate, interest rate and capital account could be discussed at the meeting, according to the report.

– Contact HKEJ at [email protected]