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SASAC Mulling to Hold Stakes in SOEs Directly

12-16 17:36 Caijing Magazine

Full article in Chinese: http://www.caijing.com.cn/2008-12-15/110039448.html

China’s state-owned assets watchdog State-owned Assets Supervision and Administration Commission (SASAC) is considering directly holding stakes in central government-controlled enterprises which are listed on stock markets as a whole. The SASAC has taken efforts to push forward the reform and listing of China's central state-owned enterprises. However, experts expressed concerns that the practice may create chances for affiliated deals. Currently, the administration indirectly holds stakes in listing subsidiaries of central state-owned enterprises through their parent companies.

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