NDRC: Another 160 SOEs to carry out mixed ownership reform

Another 160 pilot state-owned enterprises (SOEs) with total assets exceeding 2.5 trillion yuan (362 billion U.S. dollars) will carry out mixed ownership reform in key areas, China's top economic planner said Friday.

The SOEs are in the fourth batch to conduct the pilot reforms, but are not limited to major areas like electricity, oil, natural gas, railways, civil aviation, telecommunications and military, the National Development and Reform Commission (NDRC) said in a press conference.

The pilot enterprises are from not only the traditional manufacturing sector, but also strategic emerging industries such as the Internet, software and IT services, new energy, new materials, energy conservation and environmental protection, according to the NDRC.

A total of 107 enterprises are central SOEs, with assets of 1.7 trillion yuan. Another 53 are local, with assets of 800 billion yuan. Of the 160 SOEs, 99 have assets over 1 billion yuan, said the NDRC.

(CGTN)