No State-owned enterprises (SOEs) gained approval for their equitisation plans in the first three months of 2018, according to the Ministry of Finance’s Corporate Finance Department.
The Ministry of Finance said that the equitisation of State-owned enterprises (SOEs) remained disappointing due to the lack of accountability as well as the bottle-necks in defining enterprises’ asset value.
The Ministry of Finance has planned to boost the equitisation of State-owned enterprises (SOEs) through rating the publicity and transparency of the enterprises'' financial statements, a finance ministry official said.
