China privatisations press ahead

Article Abstract:

The Chinese government seems determined to accumulate a large number of companies eligible for overseas listings, even though it has been necessary to delay flotations for which approval has already been granted. The State Economic and Trade Commission plans to put 150 state enterprises on the stock markets in the period to 2001. Shares of around 200 of the 500 large state-owned enterprises have already been offered to the public, and the money raised will be used to undertake further reforms.

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China privatisations press ahead

Article Abstract:

The government of China is planning to privatize many companies and allow them to become listed on stock exchanges for trading. However, this process is slowed by the fluctuating economy. Many mainland Chinese companies become listed on the Hong Kong stock exchange in order to raise money before listing on other exchanges.

China, Government domestic functions, Economic Programs, Administration of Economic Programs, Economic policy

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