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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