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SASAC requires daily reports on SOEs' stock buying on secondary mkt

BEIJING
2015-07-09 17:02

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All of China's provincial state-owned assets supervision and administration authorities are asked to make daily reports to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council on share purchases of local state-owned enterprises (SOE) on the secondary stock market starting from Thursday, China Securities Journal reported on Thursday.

The move aims to maintain stabilization of the domestic stock market, the daily quoted a SASAC notice as saying.

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