SASAC encourages foreign participation in restructuring of central enterprises

Commercial news in urging private capital to participate in the restructuring of central enterprises, SASAC began to encourage foreign investment in the central enterprise.　　Yesterday, SASAC director Li in the reform and development of state-owned enterprises and the hot issues online communication with netizens, said that this year and the next two years will be in accordance with the plan to promote the restructuring of central enterprises, foreign and private companies are welcome to participate. In fact, foreign investment in the central enterprises last year has a precedent. Last September, China Bluestar (Group) Corporation's 3 listed companies, Blue Star Cleaning, Shenyang Chemical industry and star New materials also issued a notice, the company's controlling shareholder Blue Star Group has introduced the world's largest private equity fund Blackstone Group as strategic investors, the increase of 600 million U.S. dollars to subscribe to the Blue Star Group 20% of the shares. After the completion of the capital increase, China's chemical industry holds a 80% stake in the Blue Star Group, and Blackstone Group holds a 20% per cent stake.　　This is the first time after the establishment of SASAC foreign investment in central enterprises. To the SASAC to encourage foreign participation in the restructuring of central enterprises, industry insiders believe that this and promote the central enterprises do not have a strong relationship: "Li explicitly asked to adjust to 80 to 100 next year, of which 30 to 50 have international competitiveness, all industry central enterprises to compete for the current three, otherwise they will find a good ' In-Laws ', while Blackstone's stake in the Blue Star has provided a new way of thinking. For this, Li also agreed: "If foreign capital can help the central enterprises to improve efficiency, why do we not welcome?" "As the head of SASAC, it is not the first time that Li has encouraged other ownership enterprises to participate in the restructuring of the SOEs." Earlier this year, in Chongqing, "The open development of state-owned enterprises forum," he said publicly, SASAC actively supports local state-owned enterprises and a good reputation of private enterprises to restructure, and urged some of the central enterprise to cooperate with civilian capital.