Date
23 October 2017

Official denies private funds can buy into SOEs, paper says

An official of the State-owned Assets Supervision and Administration Commission (SASAC) has denied private investors are allowed to acquire up to 15 percent direct equity in state-owned enterprises (SOEs) by establishing private equity groups, China Securities Journal reported Monday. No further details were given. A SASAC reform plan will be released soon, the report said.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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