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On July 7th, 2014, the Shanghai Municipal Committee of the CPC Central Committee and Shanghai Municipal Government held a symposium on further promoting reform of Shanghai SOEs and boosting corporate development. The Guidance on Promoting Shanghai SOEs to Develop Mixed Ownership Economy (tentative) was rolled out at the meeting.

The Guidance put forward nine specific measures for Shanghai SOEs to develop mixed ownership economy:
(i) promoting corporate /joint-stock reform of SOEs;
(ii) optimizing equity structure of SOEs;
(iii) accelerating open and market-oriented alliance or restructuring;
(iv) implementing stock option incentives and employee stock ownership;
(v) specifying decision-making procedures for corporate reform and restructuring;
(vi) regulating financial audit and corporate value appraisal;
(vii) adhering to market-based target determination and price discovery;
(viii) equally safeguarding legitimate rights and interests of stakeholders; and
(ix) improving policies and environment for SOE system reform.

Mixed ownership marks an important direction for this round of Shanghai SOE reform. If you are invested in China or has interest in learning more about Chinese stocks, focus your efforts on identifying companies that are pioneering this mixed ownership reform.

http://en.ce.cn/Business/Macro-economic/201407/08/t20140708_...
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