From Chinese media

SASAC: China to continue restructure SOEs

Updated: 2010-12-24 17:16

By Cai Muyuan (

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Wang Yong, the head of the State-owned Assets Supervision and Administration Commission (SASAC), called for State-owned enterprises to be listed wholly, carrying no survival assets, Economic Information reported Friday.

According to Wang, though the goal to further cut the number of State-run companies to 100 has not been finalized yet, government officials will increase efforts to push consolidation among state firms.

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"We'll strive to cultivate 30 to 50 internationally competitive enterprises", Wang said, according to the report.

Wang noted the State's enterprises are wholly listed with their core business assets. Efforts should be made via various channels to push the overall listing for enterprises as a whole.

"The pace of mergers and overall listing among State companies will accelerate in the future", an authority with a state firm told the reporter.


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