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The National Development and Reform Commission has selected 31 state-owned enterprises(SOEs) to conduct trials for the third batch of mixed ownership reform, said Meng Wei, a spokesman for the commission, reported.

“The first two batches of SOEs are directly under SASAC (State-owned Assets Supervision and Administration Commission), while the third batch will focus on SOEs at the local level in monopoly industries,” said Li Jing, deputy director of the China Enterprise Reform and Development Society.

Li further pointed out that major sectors include oil, natural gas and railway. Local governments in Shanghai, Guangdong, Jiangxi, Shandong, Shanxi and Liaoning province are all working on the preparation of mixed ownership reform, the report said.

Xiao Yaqing, the director of SASAC, added that mixed ownership reform is part of SOE reform, but it is not suitable for all SOEs.