SOE reform in Shanghai
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.