China is scaling up efforts to expand reform of its state-owned enterprises (SOE), reported Xinhua-run cnstock.com Thursday.
Next year, SOEs to pilot China's SOE reform will be further increased under ten sorts of pilot reforms including M&A and restructuring of central SOE and mixed-ownership reform in part of key areas. In near future, documents about the ten sorts of pilot reforms are expected to approach the general public after overall planning for SOE reform has been publicized.
As industry insiders hold, 2016 will be a year full of more concrete progresses in reforming key sectors for China's central and local SOEs. By then, the SOE reform will be another hot theme for China's capital market to speculate on.
China's SOE reform is taken to improve state-owned assets operating efficiency and features "three batches" meaning converting a large batch of SOEs into enterprises with mixed ownership, a batch of backbone SOEs into private firms and a batch of private companies into vanguards of economic development as well as "three quantity adjustments" referring to increasing quantity of innovative SOEs or SOEs engaged in strategically emerging industries, invigorating existing SOEs and actively eliminating some SOEs with low efficiency or poor profitability.
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