State-Owned Assets Supervision and Administration Commission

Sinopec stake sale signals move to privatise state-owned enterprises

Sinopec's stake sale could be a harbinger for further privatisation of China's SOEs. Photo: Reuters

The mainland's decision to sell a stake in a subsidiary of Sinopec signals more privatisation of its bloated state-owned sector will take place soon, with plans likely to be discussed at this week's parliamentary session, officials and experts said.

Wednesday, 5 March, 2014, 1:12am