- China will soon release the third list of state-owned enterprise (SOE) mixed-ownership reform companies which has eight SOEs on it, according to Jrj.com.
- COFCO Capital Investment Co., Ltd., China National Gold Group Gold Jewelry Co., Ltd., Huaneng Capital Service Co., Ltd., and a subsidiary of China National Salt Industry Corporation are reportedly on the list.
Why It Matters:
- In addition, China reportedly plans to launch a new fund, which will be worth at least RMB 100 billion, to support the SOEs mixed-ownership reforms.
- Prior to this, China has already released two lists of SOEs mixed-ownership reform companies which include a total of 19 SOEs across multiple industries, from electricity generation, oil and gas, railroad, civil aviation, telecom, to the military industry. China Unicom (CHU.NYSE), Air China (601111.SS/0753.HK), China Eastern Air Holding Company, China Southern Power Grid, and China Nuclear Engineering & Construction Corporation are among the 19 companies.
- Chinese analysts hold positive views of a number of companies which may benefit from the latest round of SOEs mixed-ownership reforms. These companies include: China Oilfield Services Limited (601808.SS), Daqing Huake Company Ltd. (000985.SZ), Datang International Power Generation (601991.SS), and Huaneng Power International (HNP.NYSE/600011.SS/0902.HK).