Date
17 August 2018

SOE reform to give clearer look at firms’ businesses, paper says

Tighter oversight of the businesses of state-owned enterprises (SOEs) is expected to be among the major reforms to be rolled out after the Communist Party Central Committee’s third plenum this month, the China Securities Journal reported Friday, citing various sources. One suggested measure is to clarify businesses SOEs must conduct as part of a national policy and those run along competitive lines. Other proposals include lifting the ceiling for stock option incentives for senior management of listed SOEs to above 40 percent of their present salaries, as well as allowing private capital to play a bigger part in SOE restructuring and public listing, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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