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Increasing shareholder diversity in state-owned businesses


12-18-2016 12:25 BJT

China's top policy makers proposed further introducing private and foreign shareholders to state-owned enterprises during the recent annual Central Economic Work Conference. Attendees agreed that increasing the diversity of shareholders is key to reforming China's state-run companies.

Power in a company should be balanced with efficiency and flexibility improved. The policymakers specified state-owned monopolies such as in energy, infrastructure and even the military industry would be affected by the reforms.

"Those enterprises which have monopolies of resources should seize the opportunity of reform, and let the market decide the price. At the same time, we should also consider people's living expenses and balance the interests of all sides. The reform should be steadily progressed," said Xu Hongcai, economist from China Center for Int'l Economic Exchanges.

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