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CHINA PRESS: State-owned enterprises (SOEs) acquiring privately owned listed
companies is normal market-oriented behavior, and it is a market choice with
mutual benefits, said People's Daily on Tuesday, in response to recent worries
that SOEs may merge with or acquire private firms on a large scale amid ongoing
stock market turbulence.
- The increase or decrease of state-owned capital follows the laws of market
economy and enterprise development, the newspaper said, citing Peng Huagang,
deputy secretary general of the State-owned Assets Supervision and
Administration Commission (SASAC);
- SASAC is against having different rules from differences in corporate
ownership, and opposes the discriminatory treatment of SOEs in the formulation
of international rules, Peng emphasised.