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SOE reform in Shanghai
Last Updated: 2014-07-08 05:07 | Global Times
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Shanghai announced plans on Monday to develop public firms as the major form of mixed ownership, in a latest move to advance the reform of State-owned enterprises (SOEs).

SOE reform in Shanghai will focus on corporate system and joint-stock system and optimizing shareholding ratio of SOEs, according to a notice issued by Shanghai municipal government.

The reform of corporate system and joint stock system will include group listing, core business assets listing and joint-stock system reform as well as exploring specially-managed share system, it said.

Shanghai aims to complete SOE corporate system reform and diversify shareholding within the next three or five years, the notice said.

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