22 March 2019

Shanghai to unveil SOE reform plans, paper says

The Shanghai bureau of the State-owned Assets Supervision and Administration Commission (SASAC) is set to roll out reform policies for state-owned enterprises (SOEs) in Shanghai, including measures on supervision, establishing a centralized platform and market reorganization, the China Securities Journal reported Wednesday. Shanghai will become a showcase for wider reform of SOEs down the road, which will detail clearer roles and functions of state firms, as well as better management of state-owned assets, the report said, citing sources close to the regulator.

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