China's vice-minister in charge of the State-owned Assets Supervision Administration Commission (SASAC) said that China welcomes overseas investors to take over its state-owned enterprises (SOEs).
He said China would push forward the process of transforming the country's SOEs into share-holding entities and foreign companies were welcome to enter the sector in an orderly and regulated way.
The 198 large key SOEs under the supervision of the SASAC are undergoing restructuring and reform with mergers of SOEs aimed at improving their international competitiveness by increasing scale and consolidating operations.