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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

Published Mon, Sep 14, 2015 · 09:50 PM

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 including those of China's largest banks on mainland Chinese and Hong Kong bourses some 10 years ago.

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