Integration of Industry and Finance in China-Current Developments and Problems

At the meeting of heads of the central government-led enterprises on December 23, 2010, the State-owned Assets Supervision and Administration Commission (SASAC) clearly stated for the first time that the integration of industry and finance for central government-led enterprises should be carried out under the premise of risk control. It also suggested that to foster large enterprise groups that would have international competitiveness, the importance and necessity of integration of industry and finance must be fully understood. In this regard, it is important to study the current developments and problems in this area.