On the weekend we got reforms announced for State Owned Enterprises (SOEs)

More details from Xinhau (via MNI reports):

  • China's State Council officially published its "Guidelines on Deepening the Reform of State-owned Enterprises"
  • Outlines plans to reform state owned big firms
  • Reform plans include to diversify shareholder structure; more mergers & acquisitions are expected

Shanghai Securities News (again, via MNI) reports on government owned China Railway Engineering Corporation, along with China Railway Erju issued a statement

  • They are seeking major acquisition deals
  • Stock trading will be suspended from Monday pending further developments