Nov 13, 2013 05:48 PM

Plenum Insight: Conclave 'Didn't Change Status of SOEs'

(Beijing) – The ruling Communist Party is being more conservative about reforming state-owned enterprises (SOEs) than some advocates of a market-oriented approach would prefer, one expert says.

The third plenum of the party's 18th Central Committee ended on November 12, and financial experts quickly set out to examine its contents.

Institutions including investment bank China International Capital Corp. and brokerage firms Citic Securities and Minsheng Securities held teleconferences that night. Discussions centered on how the decisions would affect the financial market.

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