Chinese SOEs bring in 17-bln-USD social capital in 2021
Source: Xinhua | 2022-04-18
Chinese state-owned enterprises (SOEs) continued to expand social capital investment last year under broader reform to improve SOE competitiveness.
The country's SOEs received a total of 107.47 billion yuan (about 16.82 billion U.S. dollars) of social investment through various forms including equity transfers and capital increases in 2021, according to the Chinese State-owned Property Exchanges Association.
Mixed-ownership reform, which sees private investors brought on board as stakeholders, aims to enhance operational efficiency and optimize the capital structure of SOEs.
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