Shanghai SOEs sell off assets totaling 11b yuan
China Daily | Updated: 2011-02-10 07:52
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The office of the Shanghai United Assets and Equity Exchange. State-owned enterprises in Shanghai sold off 11 billion yuan in assets and equities on the property-rights market in 2010. Gao Yuwen / For China Daily |
SHANGHAI - State-owned enterprises (SOEs) in Shanghai sold off 11 billion yuan ($1.67 billion) in assets and equities on the property-rights market in 2010, as the city stepped up efforts to improve efficiency and eliminate business overlaps among SOEs.
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