On 4th November, China's central government unveiled a guideline for reforming the management of the country's state-owned assets.

Anbound's research team is of the view that it is a good thing to promote the reform of state-owned asset management, however, the purpose of the reform should not be limited to the reform of state-owned enterprises (SOEs), to improve the efficiency of SOEs but rather it should focus on promoting the market –oriented reform in China to make the Chinese market a better market, reducing market hindrance, weakening the no-market entities, and increase the ratio of market allocated resource significantly