China Unicom said to announce mixed-ownership reform plans

China Unicom said to announce mixed-ownership reform plans

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

China Unicom (Hong Kong) Ltd. and its Shanghai-listed affiliate are poised to announce mixed-ownership-reform plans that are part of a Chinese government push to draw private capital into its state-owned enterprises, according to a person familiar with the matter.

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