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CHINA PRESS: China To Promote SOEs' Long-term Investment In Capital Market

CHINA PRESS

China will promote state-owned enterprises to invest in the capital market by focusing on long-term capital, the State Council executive meeting said on Wednesday. Authorities will improve policies related to SOE investment and support domestic and overseas listings for qualified technology firms. Additionally, the government will develop equity transfers and the merger and acquisition market, and encourage private capital to establish market-oriented M&A funds to promote the venture capital industry, the meeting said. (Source: Xinhua News Agency)

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China will promote state-owned enterprises to invest in the capital market by focusing on long-term capital, the State Council executive meeting said on Wednesday. Authorities will improve policies related to SOE investment and support domestic and overseas listings for qualified technology firms. Additionally, the government will develop equity transfers and the merger and acquisition market, and encourage private capital to establish market-oriented M&A funds to promote the venture capital industry, the meeting said. (Source: Xinhua News Agency)