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Foreign and Chinese private investors will be able to invest in state-owned enterprises in Beijing, according to an announcement from the capital's municipal government.The city has selected 104 well-performing state-owned industrial companies to attract both foreign and domestic private investors to help regroup the SOEs in a bid to further the reform of its state sector.The move aims to gradually withdraw state capital from certain industries, boosting investment into the state
Foreign and Chinese private investors will be able to invest in state-owned enterprises in Beijing, according to an announcement from the capital's municipal government. The city has selected 104 well-performing state-owned industrial companies to attract both foreign and domestic private investors to help regroup the SOEs in a bid to further the reform of its state sector. The move aims to gradually withdraw state capital from certain industries, boosting investment into the state