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在线翻译:
szdaily -> Business
SOEs complete 48 ownership reforms
    2017-June-22  08:53    Shenzhen Daily

THE government has completed 48 deals allowing private capital to invest in State-owned enterprises (SOEs) by Tuesday, part of a “mixed ownership” reform program aimed at rejuvenating the State sector, China Securities Journal reported yesterday.

The deals were worth a total of 11.04 billion yuan (US$1.62 billion), up ninefold compared to the same period of last year, the report said, quoting data from the Beijing Equity Exchange.

China’s mixed ownership reforms are part of ambitious plans to revive the country’s bloated and debt-ridden State-owned sector and create “bigger and stronger” conglomerates capable of competing on the global stage.

The Central Government issued guidelines in 2015 aimed at boosting the performance of its SOEs, saying it would close down the most uncompetitive firms and modernize the ownership structure of those that remained.

China would accelerate mixed-ownership reforms in the third quarter of the year, the paper said. The National Development and Reform Commission (NDRC) announced that SOEs must open their reform plans to public consultation in May and June this year.

Senior government officials told a meeting at the end of last year that they would take substantial steps in mixed-ownership reform in electricity, oil, natural gas, railway, civil aviation, telecommunications and military industries this year.

The State-owned asset regulator also said in a notice last week that SOEs must transfer parks, transport infrastructure and other social services that “do not match the main direction of their business development” to local authorities by the end of the year.

The assets, which also include water supply and household sewage treatment infrastructure, as well as environmental and public health facilities, will be transferred to the government free of charge, the regulator said.(SD-Agencies)

 

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