Mixed Ownership Reforms of China’s State-owned Enterprises

SOE mixed ownership reform has gained increasing prominence. In addition to government top-design policies, various pilot experiments have been carried out. Additionally, broader and more sophisticated methods are also employed, including stock market listing, capital and asset restructuring, and employee stock ownership plan. However, issues remain. The role of non-state parties that own part of the state firms is still poorly defined, thus their impact is uncertain. Government efforts to strengthen Party leadership have also dampened confidence of non-state investors.