China's State-owned Enterprise Mixed Ownership Reform

The new state-owned enterprise (SOE) mixed ownership reform have some distinct features that were not addressed in previous reforms. While some central SOEs and local governments have unveiled their own plans to diversify ownership structure, the success of the reform hinges on how the government resolves two credibility problems: one is to restore credibility to the reform commitment and the other is to convince private investors that their interests will be sufficiently protected.