Breaking New Ground in State-owned Assets Transfers

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clpstaff &clp articles

Administration of the Assignment of Enterprise State-owned Assets and Equity Tentative Procedures mark another legal step in China's effort to reform the state sector of the economy.

By Jean-Marc Deschandol Partner Norton Rose, Beijing

China's state-owned enterprise (SOEs) reform programme has entered a new and accelerated phase marked by a flurry of new regulations.1 The PRC central government has recently emphasized that there is a compelling need to quickly reshape the enormous state sector to address the non-performing loans problem at its primary source.

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