"The company had made the mixed ownership plan earlier under the instruction of departments including the National Development and Reform Commission before the CSRC adjusted refinancing rules on Feb. 17, 2017," he explained.
Mixed ownership reform is believed to be able to raise the efficiency of state-owned capital and improve the vitality, influence and anti-risk capability of SOEs.
China will deepen the mixed ownership reform and seek progress in industries including petroleum, natural gas, railways, telecommunications and defense, according to this year's government work report.
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