A trial program will give state-owned enterprises more independence in hiring and investment decision-making, Bloomberg reported, citing anonymous sources. According to the sources, the trial will be divided into four parts. Some companies will be given more freedom in investment, while private companies will be allowed to own stakes in others. Still others may choose executives rather than have them appointed by the government, and the final portion of the trial will make changes to discipline enforcement. As many as eight companies will be involved in the trial, which may mark an acceleration in China’s SOE reform plans announced at the third plenum in November.
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