China's central govt-owned firms should strictly control debt investments: Regulator - Reuters
|Comments from China State Asset Regulator are crossing the wires via Reuters:
- Centrally-owned SOEs should strictly control debt investments, high-risk businesses in global operations
- Centrally-owned SOEs have cut 16 mln tonnes of steel capacity, 62 mln tonnes of coal capacity so far
- Centrally owned-firms should invest more in forward-looking industries
- Centrally-owned SOEs to raise money via public listing, mixed-ownership reforms to capitalize traditional industries
- Centrally-owned SOEs' overseas investments account for 60 pct of China's non-financial outbound direct investments
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