Beijing’s SASAC to reorganize some SOEs in a new holding company, China Reform Holdings Corporation Ltd
Posted on 12/23/2010
The State-owned Assets Supervision and Administration Commission (SASAC) which is pretty much the SOE regulator and watchdog is announcing the creation of a new asset management company. The goal of the new entity is to manage and restructure smaller, uncompetitive state-owned enterprises (SOEs). SOEs that are part of key sectors of the Chinese economy will […]
