SOE reforms to be launched after plenum

Private capital will have easier access to invest in State firms

Major steps to reform State-owned enterprises will be taken after the four-day Third Plenum of the Communist Party of China's 18th Central Committee, which started on Saturday, said Huang Shuhe, vice-chairman of the State-owned Assets Supervision and Administration Commission.

To pave the way for changes, commission officials said private companies and investors are welcome to acquire larger shares in SOEs so they can have a bigger say in decision-making.