Over 100 SOEs included in fourth round of mixed-ownership reform

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Over 100 state-owned enterprises(SOEs) will be included in the fourth batch of pilot state-owned enterprises for mixed ownership reform, an official from the country's economic planner said Thursday.

The key for this batch of reform is scale and field expansion, since the previous three batches merely concentrated in a few important areas, and the number is limited, according to Yuan Da, spokesperson of the National Development and Reform Commission (NDRC).

Fifty pilot SOEs were included in mixed ownership reform in the first three batches, but in the fourth batch, the number will be over 100. This batch will not limit to enterprises in significant fields, but include competitive companies with strong demonstrative ability, said Yuan.

The pilot candidate list has been submitted to the Leading Group for State-owned Enterprises Reform under the State Council, and the pilot work will come into force upon approval, said Yuan.

Reduce fees of about 40.3 billion U.S. dollars

Yuan said that the NDRC will work with relevant departments to propose key measures to reduce the fees for enterprises by over 270 billion yuan (40.3 billion U.S. dollars) in 2019.

Key industries in the process include energy, logistics and telecommunications, etc. The average electricity price of general sectors will be reduced by 10 percent based on last year.

Also, measures will be introduced to reduce transportation and logistics costs, including lowering railway freight rates and reducing the port service fees.