Fifty-one Chinese central State-owned enterprises (SOEs) had completed or started the split equity structure reform by Dec. 23 this year.

This was revealed by Li Rongrong, director of the State-owned Assets Supervision and Administration Commission (SASAC), at a meeting held on Sunday.

Li had announced at an earlier press conference that 310 companies had passed their reform scheme on split equity structure, including 34 central SOEs.

The reform has been going on smoothly among companies of blue-chip stocks including Changjiang Power and Wuhan Steel, and that has helped stabilize the market expectation, Li said at Sunday's meeting.

To promote the split equity structure reform will be one of the major tasks of SASAC next year, Li said.

He urged concerned listed central SOEs to complete their reform on slit equity structure as soon as possible.

The split share structure refers to the existence of both tradable shares and a large volume of non-tradable shares owned by the state and legal persons.

To make all their shares tradable, listed companies participating in the reform have to offer additional shares or funds to public investors as compensation.

Source: Xinhua