Of the over 300 reform check lists made during the Third Plenary Session of 18th CPC Central Committee, the reform of the State-Owned Enterprises (SOEs), which have attracted much market focus, is among one of the reforms with slowest progress.

Anbound's scholars point out that reform of the SOEs is entangled into the logic trap of choosing between system and interest.

However, few years ago, Anbound Consulting has already provided a solution - reforming the SOEs by way of mutual fund.

This way, you can circumvent the battle between the ownership reform and management reform of the SOEs.