China Plans New Push to Revamp State Firms Starting Next Year
- Regulator will also tighten evaluation of SOE performance
- China will accelerate mixed-ownership reform: newspapers
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China’s policy makers will unveil a three-year action plan in early 2020 on the reform of state enterprises, with an aim to improve the performance of the sector and create world-class champions, according to state-owned newspapers.
The plan will tighten how the performances of state firms, often referred to as SOEs, are evaluated, and also seek “new breakthroughs” in introducing more strategic private-sector investors, Hao Peng, head of the country’s state assets manager, was cited in the China Securities Journal as saying.