A government think tank said Sunday the State-owned Assets Supervision and Administration Commission (SASAC) may cut in half the number of State-owned enterprises (SOEs) under its authority that are allowed to invest in real estate.
"The government is considering halving the number of SOEs under the direct supervision of the SASAC who owned businesses related to real estate, " Li Baomin, director of the research center of SASAC, told a financial forum in Shanghai, adding that the investments of such SOEs would be restricted.
SOEs in real estate may be halved
Posted by erikbenjamin512 757 days ago (http://english.people.com.cn)Who Voted for this Story
