huangthomas

The China Bubble Can't Last

It was decided by Premier Wen Jiabao in December 2006, the 70% of the stocks still in government's hand will be put into circulation (free float) within 3 years. In their jargon, "complete privatization" in 3 years. The program is call "Equity Division Resolution". You can find the website which details how the shares will be release by each corporation. It is in Chinese.