CHENGDU, Jan. 12 (NBD) -- China's Central Economic Working Conference fired the starting gun for State Owned Enterprise (SOE) reform.

China Railway and China North Industries Group started the new year by declaring planned reform. China's central government set the steps of mixed-ownership reform in the electricity, oil, natural gas, railway, civil aviation, telecommunications and military industries, a total of 7 industries.

It is expected that SOEs in civil aviation, telecommunication and natural gas will follow up to release their reform roadmaps.

Along with the heating mixed-ownership, related concept stocks are rising sharply.

Li Jin, the chief researcher of China Enterprise Research Institute, said, incoming capitals can provide financial support for SOE reform, yet some make speculative moves in the stock market, which is inconsistent with the goal of the SOE reform.

Li said, the goal of SOE reform is to improve the operating efficiency of SOEs and create investment opportunities for private capital so as to drive the development of real economy. But if SOE reform is targeted by capital speculation, there will be higher risks and obstacles to the fulfillment of the reform goal. Therefore, in midst of reform promotion, we should stay vigilant to such speculative activities.

Email: gaohan@nbd.com.cn