From Shanghai Daily via China Economic Net (link)
China intends to enhance scrutiny over foreign investment in state-held equities at listed firms even as it pushes forward reforms with overseas help while ensuring it does not lose control in pivotal sectors.
Regulators, while allowing foreigners to take larger or even controlling interest in state-owned enterprises, are on the contrary reluctant to grant final approval for such state-asset sales.
Instead, they have been stepping up efforts to bolster local enterprises as part of moves to fend off possibly intense competition as the country opens further under its commitments to the World Trade Organization.
