The long-awaited mixed-ownership reform plan of China Unicom has finally been released. As the only pilot unit of the group-wide mixed-ownership reform, its plan design based on the A-share platform is of great benchmark significance.

According to China Unicom's Hong Kong stock announcement and the official WeChat account of the State-owned Assets Supervision and Administration Commission of the State Council, the mixed reform of China Unicom's A shares of "fixed issuance + transfer of shares + employee stock ownership" involves an amount of approximately 78 billion yuan.

Its strategic investor lineup is luxurious: Baidu, Alibaba, Tencent, JD.com and other four major Internet giants have joined forces; vertical industry leading companies such as Suning Cloud Commerce, Didi Chuxing, Wangsu Technology, UFIDA Network, and Yitong Century have entered the market; and

China Life and other large financial and industrial groups participated, as well as the State-owned Enterprise Structural Adjustment Fund and Qianhai Fund of Funds.

A number of related A-shares were suspended. China Life opened at 27.92 yuan, up 2.76%; Tencent Holdings was now trading at 340.400 yuan, up 5.32%. CRRC clarified that it did not participate in the subscription of China Unicom A shares, but the stock price rose in early trading.

The opening price was 9.90 yuan, up 0.30%; CRRC did not participate in the subscription of China Unicom's A shares; China Life plans to participate in the mixed reform of China Unicom. CRRC (601766) announced on the morning of the 17th that the company did not participate in the subscription of China Unicom's A shares.

; China Life (601628) announced that the company plans to participate in the mixed-ownership reform of China Unicom. The amount of external investment involved in the relevant matters accounts for 7.15% of the company's latest audited net assets, which does not meet the disclosure standards.

Suning Cloud Commerce, Yitong Century, Wangsu Technology, and UFIDA: plan to participate in the mixed-ownership reform of China Unicom. Due to the large impact of related matters on the company, trading will be suspended today.