Private capital encouraged to develop mixed-ownership economy

Updated: 2013-11-15 20:13


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BEIJING - China has decided to allow more non-state-owned capital into the market in order to develop a more mixed-ownership economy.

According to a decision issued on Friday by the Central Committee of the Communist Party of China (CPC), non-state-owned capital will be allowed to take equity stakes in projects featuring investment by state-owned capital, and employees of multi-ownership enterprises will be able to hold shares in their companies.

The lengthy policy document -- officially named "a decision on major issues concerning comprehensive and far-reaching reforms" -- was approved by the Third Plenary Session of the 18th CPC Central Committee, a four-day key meeting which ended on Tuesday.