The Shanghai authorities, a city separated from the provincial rights, inhabited by more than 25 million people, decided to merge the 2 largest investment companies owned by the metropolis. The aim of this action is to make a strong financial institution worth RMB 132.5 billion, or about PLN 73.4 billion, which will support innovation, technological start-ups and innovative projects.
The consolidation plan obtained approval from the Supervisory and Administration of State Assets in Shanghai (SASAC, chin. 上海市国有资产监督管理委员会), a provincial branch of the central administration managing the assets and panties of state companies.
This plan involves a merger
- Shanghai State-Owned Capital Investment Co. Ltd. (chin. 上海国有资本投资有限公司) from
- Shanghai discipline and Technology Venture Capital Group Co. Ltd. (chin. 上海科技创业投资集团有限公司有限公司).
The assets of the erstwhile are RMB 48.6 billion (approx. PLN 27 billion), the second is RMB 83.9 billion (approx. PLN 46.48 billion).
Modernisation of state investment platforms in Shanghai is simply a key step towards the improvement of leaders in the technological and technological innovation manufacture with global competitiveness – as stated in the justification for this plan.
My 3 fenes (Chinese penny): On specified occasions, I always wonder why in a country with a socialist marketplace economy led by the Communist organization of China there is simply a place for urban, provincial investment firms, local banks, local governments created by cities and municipal companies (not by the central government). Meanwhile, not in liberal, democratic, capitalist Poland.
I can't realize it. I do not want them to be giants like China, but even tiny platforms created for the implementation of local investment and improvement plans, without looking at the gratification of central authorities, central budgets. It sounds like “Bank of Warsaw”, “Bank of Poznań” or Szczecin Capital Investment Co. ... eh
Source:
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
