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Money Matters

Powerful, penetrating, weekly analysis that takes readers behind the headlines of major deals and market moves in Hong Kong and mainland China and gives them a fresh perspective on what is really going on.

Is the baby step in Unicom’s mixed-ownership trial anything to cheer about?

Is the baby step in Unicom’s mixed ownership worth cheering for?

Groundbreaking! Aggressive! Bold!

Several heroic adjectives have been used by the Chinese state media to describe the “mixed-ownership” restructuring of China Unicom, a step in President Xi Jinping’s reform of the country’s state enterprises.