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​China calls for reform of state-owned assets management to boost efficiency

( November 4, 2015, 04:05 GMT | Official Statement) -- MLex Summary: China’s State Council today published opinions on the reform of the management mechanism of state-owned assets. According to the opinions, regulatory bodies are encouraged to streamline their operations by breaking down and shifting functions to state-owned investment companies, enterprises as well as government departments. The government also proposes to set up state-owned investment companies at both central and local levels to engage in financing and capital integration to promote development in vital areas of the economy.The statement follows:...

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