During the conference, which was organised by the Development and Research Centre, a think-tank attached to the State Council and the Economic Times, Shao Ning, one of four vice-chairmen at SASAC, said that priority would be given to genuine strategic investors who could provide industry and management expertise, rather than just capital.
ôAlthough he did not define it explicitly, the term æfinancial investorÆ was taken to mean foreign private equity companies and the principal investment arms of investment banks,ö says a source in Beijing.
ShaoÆs...
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