China has fully opened the way for local newspapers, publishing groups and even government and Communist party news websites to issue shares on domestic and overseas exchanges, according to the industry’s top regulator.
In an interview with the FT, Liu Binjie, head of the General Administration of Press and Publication, said Beijing was backing listings by a raft of publishers and newspapers as part of its broad reform of the industry.
Woof, woof, another impressive step by Beijing. I do not think they quite realise what they have done because if you open up ownership to outside investors, you lose control over the firm. And this is a small step to greater freedom of speech!
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