Date
18 October 2017

SASAC eyes new platforms for SOE management, paper says

China’s State-owned Assets Supervision and Administration Commission (SASAC) may introduce three separate platforms for supervision and management of state-owned capital, the China Securities Journal reported Wednesday. The state assets regulator may also establish up to a dozen industry investment companies, state-owned investment firms, and state-owned asset operation entities, the report said. The setting up of the special purpose companies will speed up mergers and acquisitions between state-owned enterprises (SOEs). The SASAC may select one or two candidates from the existing 113 state firms to act as an investment holding company, with a trial run in 2014, the report said.

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