17 February 2020

SOE reform proposals put to State Council, paper says

Reform proposals for state-owned enterprises are understood to have been submitted to the State Council and sources close to the authority say the changes could be rolled out soon, Economic Information Daily reported Friday. The State-owned Assets Supervision and Administration Commission solicited more feedback from key SOEs just before the National People’s Congress and Chinese People’s Political Consultative Conference. One of the highlights of the proposals is a move towards mixed-ownership structures. The changes are expected to be piloted in the financial, oil, electricity, railway, telecom and natural resources industries and among public utilities, the report said.

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