HONG KONG: China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. But the effort is likely to only involve a limited role for private money, even as Beijing has been promoting it as crucial for reforming state-owned enterprises (SOEs), according to people familiar with China's plans. Beijing would likely lean on cash-rich SOEs like China Life Insurance (China Life) and Citic Group Corporation (Citic Group) to bail out the largest of the struggling companies, the people said. They cited China Life stepping in to help China Unicom (Unicom) raise US$12 billion last month. A limited role for private capital would raise questions about the depth of any overhaul of the SOEs.