19 August 2019

Guangdong warns on bargain sale of state assets, Caixin says

The Guangdong bureau of the State-owned Assets Supervision and Administration Commission said it will file charges against officials of state-owned enterprises who will sell state assets at sub-market prices during the reform of state-owned enterprises (SOEs), reported Friday. Guangdong Academy of Social Sciences economist Ding Li said a pricing mechanism and a fair exchange for the trading of state-owned assets must be established to ensure smooth implementation of the SOE reform, the report said.

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