China orders SOEs to help cool tension in Hong Kong
State firms are urged to assert more control of Hong Kong companies
China told its biggest state-run firms to take control of Hong Kong companies, Reuters reported, a move that would extend the mainland’s reach in a city rocked by anti-Beijing protests for more than three months.
The directive came during a meeting held this week in Shenzhen, where the government urged senior representatives from nearly 100 of China’s largest state-owned enterprises (SOEs) to help cool the crisis in Hong Kong, according to the Reuters report, which cited executives familiar with the matter. Pledges were made to invest more in industries such as property and tourism, according to the report...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.