Stock Market

: China has about 150,000 state-owned enterprises, which hold over 100 trillion yuan in assets and employ more than 30 million people, according to Xinhua China. Thus, any reform to the sector will have a significant effect on the economy as a whole. "Our company has been listed on the stock market. The package of reforms released on the weekend aim to separate direct administrative interference from market operations, while improving efficiency and countering downward pressure on growth. Yet we still receive many government orders that ask us to follow certain guidelines. The reform package aims to tackle problems such as low efficiency and unclear management structure in some state-owned enterprises. Some of the directives can not be practiced in market competition," said a major state-owned enterprise chief executive, who requested anonymity. (news.financializer.com). As reported in the news.