China vows to make SOEs more competitive through reforms
Three-year plan will encourage listings and private investment, but Beijing will keep a tight grip on strategic assets
12 October 2020 - 15:39
Shanghai/Beijing — China vowed on Monday to boost the competitiveness of state companies through reforms — including more co-operation with private firms and capital — while keeping a firm grip on strategic industries such as network infrastructure.
As part of a three-year programme, China will encourage more listings by state-owned enterprises (SOEs) and will prod listed SOEs to introduce private strategic investors to help improve corporate governance and accelerate mixed-ownership reforms, China’s state asset regulator said...
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