China will strengthen State-owned enterprises' mixed ownership reform, private companies' reform and property protection, said China's top economic regulator on Wednesday in Beijing, adding that it will also motivate entrepreneurship spirit and provide a better business environment in order to further promote reform.
The statement was made by Lian Weiliang, deputy head of the National Development and Reform Commission (NDRC), at a press conference for the second session of the 13th National People's Congress.
Private enterprises can better engage in mixed ownership reform of State-owned enterprises by having increased access and more connectivity through higher quality reform, Lian said.
In competing areas joint-stock ownership is allowed to stimulate market vitality. Shareholders legitimate interests and rights will also be better protected so that they can better exercise their duties according to the holding equities, Lian said.