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10.22.2010 19:47

Shanghai's Slow Boat to State Asset Reform

Reforming state-owned assets in China's biggest city has done more for stock listings than the companies themselves
By staff reporter Zhao Hejun

At least 30 percent of the Shanghai municipal government's state-owned commercial assets are supposed to be consolidated within listed companies by the end of the year to meet a key goal of the soon-to-end 11th Five-Year Plan period.

The project's aim has been to improve asset capitalization and increase equity levels in company ownership structures.

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