October: China and Implementation Plan

october: On October 10, China United said its parent company was included in the first batch of a trial of mixed-ownership reforms for State-owned enterprises , which was proposed by the National Development and Reform Commission on September 28, according to Global Times China. The comment was in a filing the company sent to the Shanghai Stock Exchange on October 10. Shares in China United Network Communications Ltd were up 3.72 percent to 5.30 yuan on Wednesday. China Unicom is studying and discussing the mixed-ownership reform plan, but its decision will remain uncertain while a concrete implementation plan is still under discussion, the listed unit said in the filing. Shares in China United climbed by the 10 percent daily limit to 4.8 yuan on October 11. "Investors see hope in the potential reform plan, which led to the good performance of the stock," Xiang Ligang, CEO of telecommunication industry portal cctime.com, told the Global Times on Wednesday. "But if the plan doesn't meet investors' expectations, the price might go down," Fu Liang, a Beijing-based independent telecom expert, told the Global Times on Wednesday. "The mixed-ownership reform plan may include asset sales to investors, employee stock options, the public listing of its core assets or the introduction of strategic investors," Xiang noted. Investors have positive views of the potential reform. (news.financializer.com). As reported in the news.