Govt to further push restructuring of SOEs

China will push forward the restructuring of State-owned enterprises (SOEs), while expanding the scope and depth of mixed ownership reform, top State-owned assets regulator said on Thursday.

The SOEs have been taking the lead in restructuring the production capacity of coal, steel and thermal power, said Xiao Yaqing, minister of the State-Owned Assets Supervision and Administration Commission (SASAC), at a press conference on the sidelines of the two sessions.

Xiao said: "SOEs under central government control will be further slimmed down to streamline management and improve administrative penetration and continue with supply-side reform."