23.12.2010 - China launches new firm to accelerate restructuring of SOEs
From China Knowledge: China's State Council inaugurated Guoxin Asset Management Co to step up the restructuring of small state-owned enterprises as part of the Chinese government's effort to list more SOEs, the Shanghai Securities News reported. People in the financial industry have likened the new state-owned asset management firm to the country's US$300-billion sovereign-wealth fund, China Investment Corp, and have called Guoxin "CIC No. 2", according to the report..............................................Full Article: Source
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