Caixin
Nov 24, 2022 01:34 PM
FINANCE

China Regulator’s New Buzzword Fuels Buying Spree in State Firms

China Securities Regulatory Commission Chairman Yi Huiman devised the term a “valuation system with Chinese characteristics.” Photo: VCG
China Securities Regulatory Commission Chairman Yi Huiman devised the term a “valuation system with Chinese characteristics.” Photo: VCG

(Bloomberg) — A new term coined by China’s securities chief has investors debating whether it implies a premium for state-owned firms and companies better aligned with national goals.

A “valuation system with Chinese characteristics” has become the latest buzzword, after China Securities Regulatory Commission Chairman Yi Huiman devised the term during a speech this week and proposed a new method of valuing state, private and foreign controlled firms.

 

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