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China’s central SOEs to keep opening up

Updated: Apr 16,2018 2:49 PM     Xinhua

BEIJING — China’s central state-owned enterprises (SOEs) will continue opening up to increase imports and expand cooperation with other firms, the country’s SOEs regulator said April 16.

The country’s central SOEs will form a purchasing team to seek cooperation on imports and in other fields at the first China International Import Expo slated for November in Shanghai, according to Peng Huagang, spokesperson for the State-owned Assets Supervision and Administration Commission (SASAC).

Central SOEs will implement opening-up policies to expand foreign investors’ shareholding in certain sectors, Peng said.

“We will be more open during the reforms, especially in the field of enterprise ownership,” Peng added.

Peng pointed out that there will be closer cooperation between central SOEs and firms with other types of ownership as more central SOEs venture overseas.

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