Legal Implications of the Deepened Reform of Chinese State-Owned Enterprises : What Can Be Expected from Recent Reforms?

A new round of State-Owned Enterprise (hereinafter “SOE”) reform contains the clear purpose of integrating SOEs into the market while maintaining their strength in contributing to the economic development of China. This raises the question of how the reform will utilize relevant legal instruments and what changes in legal arrangements can be expected. Regarding the internal market, the reform may deeply incorporate SOEs into the market and devise the ways in which the state manages SOEs to be more market-oriented. As for the global market, the changes in the domestic market can further coordinate China’s state sector with the existing international economic order