From Thomson Financial via Forbes.com: Chinese lawmakers are considering imposing a law to prevent state-owned assets being sold too cheaply, state press reported Sunday, legislation that is likely to tighten Beijing’s control over business. The draft law details procedures for the restructuring of state assets, including accurate audits before firms are merged or sold, the […]
From Caijing.com.cn: The Shanghai city government plans to create a financial holding group that could become a model for transforming the local government-led investment firms that now manage state-owned assets. The emerging group was initially named Shanghai New International and will be built on the structure of the commercial Shanghai Pudong Development Bank , which […]
From Xinhua via People’s Daily Online: A 62-kilometer state-owned railway in South China will be sold off soon, which may possibly become the first railway in China to be completely owned by non-public investors. The state-owned Luoding Railway Co., an unprofitable coal carrier servicing two undeveloped cities in South China’s Guangdong Province, has been announced […]
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