The State Grid Corp of China will open two of its business sectors to new investors, Reuters reported, citing state media. The two sectors, covering distributed power grids and electric vehicle charging equipment, have an estimated market value of $32 billion (RMB200 billion), according to company representatives. The move to increase private participation in the country’s dominant power grid operator is a part of Beijing’s efforts to promote state enterprise reform, but the inclusion of mixed-ownership companies such as state-owned firms with non-state shareholders may not produce a shift to private ownership in this case.
China Economic Review