China welcomes foreign participation in reforming state-owned enterprises and will introduce foreign partners into the banking, energy, telecommunications and mine sectors, said Chinese Vice Premier Zeng Peiyan in Beijing yesterday.

　　"We will not only focus on capital inflow, but also emphasize the partner's experience and know-how in helping the SOEs improve corporate governance," Zeng told visiting Richard Fuld, chairman and chief executive officer of the Lehman Brothers Holdings Inc, a Wall Street firm.

　　State-owned capital will maintain control in some key sectors such as civil aviation, telecommunications, railway and ports, Zeng said. "In the other sectors, we are open to foreign investors."

　　China is striving to reform its state-owned enterprises, which are facing problems with large debt and inefficiencies, including the top four banks.

　　(Xinhua)