Go Finance Report - China will encourage state-owned enterprises to go public in 2011. It aims to further increase the percentage of state assets being traded to the public.
Head of State-Owned Assets Supervision and Administration Commission (SASAC), Wang Yong said in a meeting, that it would encourage the restructuring of state enterprises and improve the efficiency of allocation of state assets.
"China will continue to encourage the state are eligible to register his company as a whole in 2011 was," said Wang was quoted as saying by Reuters.
Wangyong added the SASAC will look to diversify ownership of state-owned enterprises in the next period , the government's five-year plan for economic development from 2011 to 2015 period .
Meanwhile, the promise of its initial public offering or initial public offering (IPO) by state-owned companies will be able to make China become to a leader.China is a country that excels in terms of an IPO in the world capital market.
In the year 2010 with an increase in companies that do an IPO that increased more than 400 billion yuan or approximately $ 7, 8 billion in Shanghai and Shenzhen.
A stable flow in addition to offering freshness could also put pressure on the domestic capital market. The Shanghai Composite Index fell more than 14 percent last year due to the flow of fund raisings. (GoFinance)
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