Aug 12, 2009 05:51 PM

Hard Jolt for ESOPs in Power Sector Reform

By staff reporter Li Qiyan

By staff reporter Li Qiyan

( Magazine)A lengthy campaign aimed at dismantling controversial employee stock ownership systems at China's power companies is finally nearing an end.

An official at the State-owned Assets Supervision and Administration Commission (SASAC) said July 29 that cleanups involving complex ESOP shareholding structures at electricity distribution giants State Grid and Southern Power Grid had reached the final stages.

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