Companies of mixed ownership should account for more than 70 percent of all State-owned enterprises (SOEs) in Guangdong province by 2017, according to a directive on SOE reform issued by the provincial authorities on Monday.
About 30 SOEs with mixed ownership will be formed, each generating annual revenue of over 100 billion yuan ($16.29 billion) or having assets of over 100 billion yuan.
All SOEs in Guandong should complete their process to becoming corporations by 2015, reported the Nanfang Daily.
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China to diversify SOE shareholding |
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