Enterprises owned by the central........>

CHINA PRESS: Enterprises owned by the central government (COEs) are planning to

set up a preference share system as part of joint-stock reforms, said Xiao

Yaqing, director of State-owned Assets Supervision and Administration

Commission, the People's Daily reported Friday. As of the end of this year, he

said, all COEs will finish overhauls of their corporation structures and will

bring in more investors, with the goal of diversifying equities. There is still

a long way to go for state-owned enterprises to form effective corporate

governance structures and flexible market-oriented operations. Many COEs rely

heavily on overseas resources, which constrains their international

competitiveness, Xiao noted. (People's Daily)