(Yicai Global) Nov. 23 -- China's top macroeconomic planner the National Development and Reform Commission (NDRC) is busy making preparations to establish a CNY100 billion (USD15.1 billion) fund in the first half of next year to push forward mixed ownership reform of the country's state-owned enterprises (SOEs), China Securities Journal reported.

The NDRC recent included 31 SOEs in its third batch of pilot projects related to mixed ownership reform.

Large central enterprises, related investors and private capital will contribute to the fund, which could lead to the reduction of state's shareholdings in such companies by as much as 50 percent.

Progress in mixed ownership reform of central enterprises especially has been made, especially in the of oil and petrochemical sectors, says Hua Chuang Securities. The firm anticipates that mixed ownership reform in those industries is higher on the agenda for the third round of reform.

The number of the enterprises involved in the three batches of pilot projects now amounts to 50, indicating a foundation of momentum in the push for mixed ownership. The next step will see a major strengthening of implementation for the three batches, thus speeding up the reproducible and scalable institutional experience.

The first-tier city of Shenzhen, located in China's southern Guangdong province, will introduce municipal state-owned capital to build a state-owned capital cluster covering the complete life-cycle of enterprises including angel funds, venture funds, industry funds and merger and acquisition (M&A) funds, among others.

Shenzhen expects the capital cluster to reach a scale of more than CNY500 billion with private capital accounting for a proportion of more than 50 percent by 2020. There are already over 180 funds included in the cluster with a scale of more than CNY270 billion and representing actual investment fund of over CNY120 billion. 

China Structural Reform Fund and Gainful Capital set up the Beijing China Structural Mixed Ownership Reform Investment Fund in August in the capital, which is the first market-oriented mixed ownership reform fund for SOEs. Gainful Capital will continue to establish multiple sub-funds for mixed ownership reform in Shenzhen, Shanghai and Xi'an, so as to facilitate the movement on a local level.