| Abstract: | Abstract. Reducing the proportion of state‐owned shares (SOSs) in China is a complicated undertaking, related to several issues on the reform agenda such as the strategic reform of the national economy, industrial policies, the sustainable development of listed companies, the evolution of the ownership structure and the establishment of a social security system. By our analysis, since the quantity of SOSs is continuously increasing, it requires thorough and differentiated reduction strategies based on the industrial structure of SOSs, industrial policies, timing issues, etc., and should follow this process all along; i.e. SOSs → key corporations → key industries → state economy. |
