China SOE reform: winners and losers

Equity analysts are scouring China’s reform plans to unearth potential beneficiaries. The swelling list so far includes the likes of China Telecom, Sinopharm and CNBM.

China SOE reform: winners and losers

Equity analysts are unearthing potential stock market beneficiaries as China steps up reform of its bloated state-controlled companies, including Hong Kong-listed units of China Telecom, Sinopharm and China National Building Materials CNBM.

China is overhauling its state-owned enterprises SOEs to make these linchpins of the economy more efficient, including potentially introducing private capital and discipline into all sectors.

The government has said it may relinquish control of SO...

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