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More central enterprises to go public

By Hu Yang (chinadaily.com.cn)
Updated: 2010-02-08 17:27
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China's State-owned assets watchdog will encourage more qualified State-owned enterprises (SOEs) to go public this year, since the capital market has strongly supported the development of central enterprises in recent years, Shanghai Securities News reported Monday, citing a senior official.

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Since listed companies have to report operating conditions to the public, the transparent system improved SOEs' corporate management, said Li Rongrong, head of the State-owned Assets Supervision and Administration Commission (SASAC).

He also said listed central enterprises should reward investors with high returns because investors take the most risks.

Li also endorsed the actions of SOEs to conduct merger and acquisitions abroad, since it can optimize the efficiency of capital and corporate operation, he said.

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