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Restructuring of SOEs controlled by central government


08-27-2016 01:00 BJT

On July 26th, China's State Council released guidances on the restructuring of central government controlled enterprises. The Council aims to improve the role the market plays in the companies, and improve their functions in national security, power supply and tele-communications.

On August 18th, the Chinese government issued a guidance on employee share-holding of SOEs with mixed ownership. Employees allowed in the share plan include key management, researchers, and employees with excellent performances.

On August 23rd, the State Council issued suggestions to supervise SOE management. The suggestions set a clear boundary for back-tracking investment violations and losses in assets to protect state owned assets.  

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