Posted inChinaGuangzhou

SOEs in Shantou and Dongguan to bail out local firms

Shantou and Dongguan cities are the latest major centres to have issued relevant policies for state-owned enterprises (SOEs) to bail out listed companies amid the recent A-share slump. The move follows that of Shenzhen, Guangzhou, Foshan, Jiangmen and other cities in Guangdong province, The Paper reported. The Shantou municipal government has set up a 5-billion-yuan […]