Posted inBeijing, China

SOEs have acquired 37 listed firms since 2018: report

Local state-owned enterprises, known as SOEs, are accelerating the purchase of equities in privately-owned public companies amid the recent turbulence of the A-share stock market, China Securities Journal reported. According to calculations by the Journal, there are 37 listed firms that have been taken over by SOEs, and even more companies have introduced SOEs as […]