Arthur Kroeber |
The New York Times:
A number of state-owned companies, including big players in the energy and railroad industries, have also said in filings this year that Communist Party committees will play a major role in corporate leadership. The new language essentially formalizes — and underscores — what most investors and executives already assumed to be the case.
“It seems for the last two-and-a-half years the tide has been moving toward state capital at the expense of private capital,” said Arthur Kroeber, a partner at Gavekal, a research firm. “That’s not very encouraging.”
Still, China Unicom’s deal has the potential to be different because some successful private companies are involved, Mr. Kroeber said.
More at the New York Times.“This can be fairly interpreted as a signal that there’s a fairly serious effort to restart this mixed ownership reform in more or less the format that was originally planned,” he said.
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