Singapore's Temasek to be 'model' for SOE reform

China will learn from Singapore's Temasek Holdings Pte Ltd, using the government investment corporation as a model for the reform of asset management, sources at the State-owned Assets Supervision and Administration Commission told the China Securities Journal.

Starting this year, SASAC will establish three types of State-owned asset management entities: industrial investment corporations, investment holding companies and asset operating companies.

"Some local governments are also proposing to set up State-owned asset operating companies and industrial investment companies," the anonymous sources said.