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Chinese State-Run Firms Are Buying Up More Private Companies at Faster Rate

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Chinese State-Run Firms Are Buying Up More Private Companies at Faster Rate
Workers assemble parts for e-cigarettes on the production line at KangerTech, one of China's leading manufacturers of vaping products in Shenzhen, China on September 24, 2019. Kevin Frayer/Getty Images
Nicole Hao
Updated:

According to the latest data from the Fitch credit rating agency, in the first six months of 2019, Chinese state-run companies bought shares in 47 private companies that are listed on stock exchanges.

By comparison, in the whole year of 2018, Chinese state-run companies bought shares in 52 private enterprises.

Nicole Hao
Nicole Hao
Author
Nicole Hao is a Washington-based reporter focused on China-related topics. Before joining the Epoch Media Group in July 2009, she worked as a global product manager for a railway business in Paris, France.
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