The State-owned Assets Supervision Administration Commission (SASAC) denied media reports that 30 central Stated-owned enterprises (SOEs) are planning overall listing on Chinese exchanges, an official from the SASAC said. The statement was reported by the China Securities News today.

 

"Media reports are false news," said Jia Xiaoliang, vice director-general of the SASAC enterprise reform division.

 

Jia confirmed that the list of 30 central SOEs in media reports is not in accord with what is expected. "The enterprises planning overall listing mentioned in the media are not those we have established," Jia said.

 

"I am in charge of this, and yet I have not seen such a list, which was probably created by some of the institutions under speculation," Jia said.

 

The SASAC is investigating the false reports, according to Jia.

 

The enterprise reform division of the SASAC is responsible for central SOEs' overall listing, and the division is doing the overall listing work.

 

(Chinadaily.com.cn October 17, 2007)