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More mergers, IPOs seen as China boosts reform of state-owned firms

Beijing has unveiled guidelines and timeframe to make state-owned enterprises more competitive globally and more transparent

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China's push to deepen the reform of state-owned enterprises (SOEs) in a "Singapore-inspired" manner is set to spark off more merger and acquisitions (M&As) and a deluge of initial public offerings (IPOs).

Singapore

CHINA'S push to deepen the reform of state-owned enterprises (SOEs) in a "Singapore-inspired" manner is set to spark off more merger and acquisitions (M&As) and a deluge of initial public offerings (IPOs).

This may be reminiscent of the slew of mega IPOs by giant SOEs

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