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China's state-owned enterprises have....>

CHINA PRESS
CHINA PRESS: China's state-owned enterprises have been focused on deleveraging
through debt-equity swap and equity financing, reported China Securities Journal
on Thursday. The State-Owned Assets Supervision and Administration Commission
(SOSAC) has drawn a warning line of debt/asset ratios for industry SOEs,
non-industry SOEs and technology SOEs for 65%, 70% and 60%, respectively. SOSAC
also plans to lower the average debt/asset ratio of SOEs by 2 percentage points
by 2020, and it will aim to have listed more than 70% assets of SOEs on stock
exchanges before then, the report said. 

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