CHENGDU, Feb. 7 (NBD) -- Five to ten state-owned enterprises (SOEs) in each of the southern province of Guangdong, northern city of Tianjin, and Shanghai municipality will be encouraged to pilot the mixed ownership reform in the first batch this year, according to local State-owned Assets Supervision and Administration Commissions.

Multiple regions, including Guangdong and Shandong, have released detailed rules on the mixed ownership reform as of January 2017, expatiating procedures of declaration and the reform, and supervision and management. 

Gao Minghua, director of the Research Centre for Corporate Governance and Enterprise Development, Beijing Normal University, told NBD that the mixed ownership reform of SOEs is actually a mix of state-owned and private capital, and that protecting the interests of medium and small investors will be a top priority of governments and SOEs.

Email: lansuying@nbd.com.cn