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State-owned firms brace for major reforms

By Lyu Chang | China Daily | Updated: 2016-02-26 07:45

Measures aimed at streamlining the running of SOEs

China's top State-owned asset administrator said on Thursday it will pick three to five companies this year for a pilot program to better manage government assets.

Two companies, China Chengtong Holdings Group Ltd and China Reform Holdings Corp Ltd, are already being reorganized into State-owned asset-operating firms, said Zhang Xiwu, deputy head of the State-owned Assets Supervision and Administration Commission of the State Council.

State-owned firms brace for major reforms

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