25 September 2018

Govt likely to issue SOE reform guidelines next year, paper says

The long-awaited guidelines on the reform of state-owned enterprises and the state-owned asset management system are unlikely to be unveiled until next year as the team assigned to draft the rules is still being set up, the National Business Daily reported Friday, citing an unnamed official of the Ministry of Finance. The team is expected to comprise representatives of the National Development and Reform Commission, the finance ministry and other agencies, the report said. The government is also considering raising the ratio of profit that centrally administered state-owned enterprises must contribute to the state coffers to 30-35 percent from 15 percent at present, the official was quoted as saying.

– Contact HKEJ [email protected]



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