Beijing Plans to Allow Workers to Buy SOE Shares

(Beijing) — Employees of some state-owned enterprises (SOEs) in Beijing will be allowed to own up to 30% of their company’s shares, state media reported Tuesday, as China accelerates mixed-ownership reform of SOEs.

The city’s state-owned asset watchdog has selected an unspecified number of SOEs under its supervision to take part in the shareholding restructuring, the China Securities Journal said, without naming any of the firms.