Reforms of Non-Tradable Shares Opening the Way for the Privatization of Major State-Owned Enterprises
2 Pages Posted: 17 May 2006
With two-thirds of the outstanding shares of listed companies owned by the state and non-tradable, the equity market in China has failed to act as a vehicle for privatization. Great progress in resolving this problem is forthcoming, however, thanks to government-led reforms that started in the spring of 2005.
Keywords: privatization, non-tradable shares, state-owned enterprises
JEL Classification: L33
Suggested Citation: Suggested Citation