Date
20 August 2017

Regulator seeks to diversify SOE shareholding, paper says

China will promote a mixed-ownership economy by diversifying the shareholding structure of state-owned enterprises (SOEs), China Daily quoted an official with the state-assets regulator as saying Thursday. Huang Shuhe, vice-chairman of the State-owned Assets Supervision and Administration Commission (SASAC), told a news conference that the country will speed up the transformation of SOEs, especially parent companies, into joint-stock firms, and also improve the shareholding structure of SOEs, the report said. Some SOEs, state-owned capital investment companies and capital operating firms that are vital to national security will be wholly invested by state-owned capital, Huang said.

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