Liquidation of state-owned shares shelved
( 2003-07-22 17:31) (chinadaily.com.cn)
The liquidation of State-owned shares in listed companies will not be
considered in the foreseeable future, a senior Chinese government official said
Monday.
An insider from the State-owned Assets Supervision and Administration
Commission (SASAC), a newly established State assets supervisory body, said the
government's plan to introduce a regulation in August boosting the sale of
State-owned shares in listed companies was a rumor.
"The liquidation (of State-owned shares) is a crucial issue and very
sensitive to market fluctuations," the official said, who refused to be named.
"I don't think SASAC has put it into its working calendar."
SASAC announced earlier it would issue a series of regulations focusing on
property rights and the management of State assets. A temporary regulation on
State assets supervision and management has been issued in June.
"However, the alleged regulation on the liquidation of State-owned shares is
not included, " added the official. "As for some hearsay about the scale of
State-owned shares liquidation, I think that's
ungrounded."
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