legal ground
Guiding Opinions on Deepening the Reform of State-owned Enterprises intensify the reform of group company system, actively introduce various investors to realize equity diversification, vigorously promote the restructuring and listing of state-owned enterprises, and create conditions to realize the overall listing of group companies. According to the functional orientation of different enterprises, the proportion of state-owned shares will be gradually adjusted to form an operating mechanism with diversified ownership structure, standardized shareholder behavior, effective internal constraints and efficient and flexible operation. Allow some state-owned capital to be converted into preferred shares, and explore the establishment of a national special management stock system in a few specific areas.