Tencent and China Unicom gain approval to set up 'mixed ownership' company

HONG KONG : Chinese tech giant Tencent Holdings and state-owned telecommunications firm China Unicom have received regulatory approval to set up a so-called"mixed ownership" company, a public document showed on Wednesday.

China has been accelerating its push for mixed-ownership reforms in an effort to boost the competitiveness of state firms.Shares in China Unicom surged 10 per cent in Shanghai, forcing a temporary suspension of trade. Trade in its Hong Kong-listed shares had ended before the news emerged as the stock market there was closed early due to a typhoon.

The State Administration for Market Regulation approved the application, according to a list it published.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Hong Kong is 'Asia's sustainable finance centre', financiers sayAsiaOne has launched EarthOne, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there. Rapid growth of green financing and the launch of carbon-credit trading by the local bourse are turning Hong Kong into a leading sustainable finance hub in Asia, financiers said ahead of a key summit...
Herkunft: asiaonecom - 🏆 10. / 59 Weiterlesen »