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


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.