China will Accelerate Listing of SOEs
China plans to accelerate the listing of its eligible centrally administered state-owned enterprises (SOEs) or their main businesses.
Within three years the SOEs will be listed says the State-owned Assets Supervision and Administration Commission (SASAC).
The SOES in:
oil and chemicals,
telecommunications,
transportation and metallurgy
have been fully listed in recent years.
Assets are $1.6 trillion dollars, up 46% from 2003.
Revenue is $1.1 trillion up by 85%.
SOEs are being encouraged to merge or die out if they are performing poorly.
Do you play with stocks in China? Which ones?
Tags: 3975, 4237POSTED IN: Doing Business in China
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