Shenzhen to Rev Up SOE ReformThe Shenzhen Investment Management Company (SIMC), the largest state assets management firm in the south China city, has drafted a reform plan to multiply the ownership of state property in large state-owned enterprises (SOEs).According to the scheme, the majority of the large SOEs will be turned into joint-stock companies whose shares are accessible to multinationals, SOE employees and private businesses, company officials said Thursday. The SIMC manages the assets of 28 state-owned enterprises, which are valued at 104.7 billion yuan (US$12.6 billion). It carried out similar reform in small and mid-sized SOEs in the last two years, which has proven to be an effective way to invigorate SOEs. |
| People's Daily Online --- http://english.peopledaily.com.cn/ |