Date
17 December 2017

Guangdong regulator unveils SOE reform plan, Caixin says

Guangdong’s State-owned Assets Supervision and Administration Commission has called for an aggressive introduction of private capital into state-owned firms, saying no prior limit should be set on such investment except in a very few cases, news website Caixin.com reported Monday. In a set of proposals issued to seek public views, the provincial watchdog also asked state-owned firms to treat all private capital alike to enhance their capital structure. Under the plan, Guangdong aims to introduce private capital in more than 60 percent of the state-owned firms by 2017 and in over 80 percent of the SOEs by 2020, the report said.

– Contact HKEJ at [email protected]

TL/AC/CG

 

 

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