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SOE Reforms Needed In 2024

CHINA PRESS

Authorities should implement SOE reforms which optimise the layout of state capital and bring large positive externalities such as AI, according to Wang Hongzhi, deputy director of the State-owned Assets Commission. Speaking at a meeting to discuss SOE development in 2024, Wang said they need reforms to promote listing and financing, compress management levels, increase emerging industry investment, and optimise organisational structure. In 2023, SOEs invested CNY2.18 trillion in emerging industries, accounting for 35.2% of total SOE investment, official data showed. (Source: Securities Daily)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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