Date
19 October 2017

Local govts told to stop direct investment in firms, Xinhua says

Premier Li Keqiang {李克強} has urged local governments to stop making direct investments in companies or meddling with their day-to-day operations, the official Xinhua news agency reported on Friday. Speaking in a recent teleconference, Li stressed on the need to transform government functions. Local governments should treat all firms equally, strengthen regulation and maintain a fair and open market environment, Li was quoted as saying.

– Contact HKEJ at [email protected]

MY/AC/CG

 

 

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