Private investors should take foreign or domestic partners to mitigate risks when investing in sectors that were previously dominated by state-owned enterprises (SOEs), say counsel.
The State Council issued a circular on July 27 that allows private investors to participate in sectors including infrastructure, renewable energies, financial services, education, social utilities and welfare projects. The notice allocated responsibilities among different government agencies to regulate the private investment’s market access.
However, regulatory hurdles and enforcement issues remain an open question.
The new policy, a further step following the State...
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