Anti-corruption expert Zhang Yi takes control at China's state asset watchdog

Zhang Yi, the new chairman of Sasac. Photo: SCMP

Zhang Yi has been promoted to the position of chairman of the State-owned Assets Supervision and Administration Commission of the State Council (Sasac), according to Xinhua’s online database of human resources.

Wednesday, 18 December, 2013, 3:16pm

Beijing denies report private investors could buy 15 per cent of state-owned firms

Profits at SOEs rose 10.5 per cent in the year's first three quarters, according to the Ministry of Finance. Photo: Reuters

Top Chinese regulators on Monday rushed to pour cold water over an official media report that the government would allow private investors to buy up to 15 per cent stakes in state-owned enterprises. 

11 Nov 2013 - 6:29pm