why-are-foreign-financial-investors-in-china-in-the-line-of-fire

Why are foreign financial investors in China in the line of fire?

SASAC vice-chairman warns financial investors of frosty reception.
According to participants at the Enterprise Development Forum in Beijing which finished on Sunday, financial investors may find lucrative projects in China hard to come by in the future.

During the conference, which was organised by the Development and Research Centre, a think-tank attached to the State Council and the Economic Times, Shao Ning, one of four vice-chairmen at SASAC, said that priority would be given to genuine strategic investors who could provide industry and management expertise, rather than just capital.

ôAlthough he did not define it explicitly, the term æfinancial investorÆ was taken to mean foreign private equity companies and the principal investment arms of investment banks,ö says a source in Beijing.

ShaoÆs...
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