18 February 2019

Zhuhai reform seeks capital for state-owned firms, paper says

The Zhuhai bureau of the State-owned Assets Supervision and Administration Commission (SASAC) is set to launch the third phase of its reform for state-owned firms, the Securities Times reported Monday. A number of state-owned companies, such as Zhuhai Huafa Industrial Co. Ltd. (600325.CN), Gree Real Estate Co. Ltd. (600185.CN) and Zhuhai Port Co. Ltd. (000507.CN), are tipped to benefit from the new round of reform and could attract new capital investment. Unnamed market analysts were quoted as saying that reform of state-owned companies, along with the establishment of free trade zones and financial reforms, is an important tool in boosting economic growth, the report said.

– Contact HKEJ at [email protected]




    EJI Weekly Newsletter

    Please click here to unsubscribe