BEIJING — Chinese State-owned enterprises (SOEs) continued to expand social capital investment last year under broader reform to improve SOE competitiveness.

The country's SOEs received a total of 107.47 billion yuan (about $16.82 billion) of social investment through various forms including equity transfers and capital increases in 2021, according to the Chinese State-owned Property Exchanges Association.

Mixed-ownership reform, which sees private investors brought on board as stakeholders, aims to enhance operational efficiency and optimize the capital structure of SOEs.