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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

China to organize state-owned financial companies under new agency

Posted on 04 January 2012

China’s top leadership has approved a plan to organize the central government’s holdings in state-owned financial companies under a single agency managed by the Ministry of Finance, the China Times reported over the weekend, citing an unnamed person familiar with the matter at a large commercial bank.
The report termed the new agency a “financial SASAC,” referring to the State- owned Assets Supervision and Administration Commission, an umbrella agency that manages the state’s holdings in non-financial state-owned enterprises………………………………………..Full Article: Source


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