The participation of household-name investors such as Alibaba, Baidu and Tencent in China Unicom’s ownership reform will make little difference, according to CLSA’s report. Photo: Reuters

‘Too big to fail’ SOEs are holding back China’s financial reform, says CLSA report

‘So long as the state remains as a shareholder, however small, it is hard for private investors to make a difference,’ says brokerage

Topic |   State-owned enterprises

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The participation of household-name investors such as Alibaba, Baidu and Tencent in China Unicom’s ownership reform will make little difference, according to CLSA’s report. Photo: Reuters
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