Showing posts with label Private and state-owned firms. Show all posts
Showing posts with label Private and state-owned firms. Show all posts

Monday, November 11, 2013

China to let private investors hold up to 15% in state firms: Report

SHANGHAI: China will allow private investors to buy up to 15 percent stakes in state-own enterprises (SOEs), the official China Daily reported, as Beijing moves to leverage private funds to avoid having to bail out heavily indebted state owned firms.