China welcomes foreign enterprise participation in mixed-ownership reform

China’s state assets regulator says it welcomes foreign enterprises to engage in mixed-ownership reform of state-owned enterprises, reports Xinhua.

"We'll be delighted to see foreign enterprises taking part in the mixed-ownership reform," Assets Supervision and Administration Commission chief Xiao Yaqing said at a press conference on Saturday.

The reforms aim to diversify the ownership structure of the country’s state-owned enterprises.

China will continue to open up and push mixed-ownership reform forward, Xiao said.

He added that the regulator would ensure the rights and interests of all investors participating in the programme.

China has undergone three rounds of mixed-ownership reform, reports Xinhua. One round covered telecom giant China Unicorn bringing in private investment through issuing shares.