20 August 2019

Private capital eyed in university-backed SOEs, paper says

China may allow private capital in university-backed state-owned enterprises as part of reform to diversify their shareholding, China Securities Journal reported Tuesday, citing an unnamed source. These companies are backed by leading universities and are mainly involved in biotechnology, new technology and new energy research. These include China High-tech Group Co. Ltd. (600730.CN) and Insigma Technology Co. Ltd. (600797.CN), the report said.

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