New Guidelines on State-owned Assets Disposition and Foreign Capital

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clpstaff

Llinks Law OfficeHuarong Asset Management Corporation's1 auction of distressed state-owned assets held in mid-November has been a hot topic recently. The…

Llinks Law Office

Huarong Asset Management Corporation's1 auction of distressed state-owned assets held in mid-November has been a hot topic recently. The auction concerns assets with a total book value of Rmb three to four billion and is open to both Chinese and foreign bidders. The auction, the first of its kind, marks a breakthrough in selling state-owned assets at a significant discount and involves participation of foreign funds through an asset management corporation (AMC) for assets disposition.

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