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Economy

China approves pilot mixed-ownership reforms of 23 SOEs  

October 25, 2018


Abstract : China has approved pilot mixed-ownership reforms in 23 state-owned enterprises(SOEs) for the third batch.

国企改革

BEIJING, Oct. 25 (Xinhua) -- China has approved pilot mixed-ownership reforms in 23 state-owned enterprises(SOEs) for the third batch, according to NDRC spokesperson Meng Wei at a press conference on Wednesday.

Besides the 23 enterprises, another eight SOEs of the third batch are undergoing approval process for their pilot mixed-ownership reform programs.

Among the 23 SOEs, there are eight subsidiaries of the centrally-administrated SOEs and 15 SOEs managed by the local authorities, said the NDRC.

So far, three batches of 50 SOEs with the pilot mixed-ownership reforms have been launched. The first two batches of the SOEs such as China Unicom, China Eastern Airlines Logistics, and Inner Mongolia First Machinery Group have achieved good results in the pilot mixed-ownership reforms, with management improvement and efficiency enhancement.

(Edited by Bao Nuomin, baonuomin@xinhua.org)

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Keyword: SOE mixed-ownership

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