China Said to Plan Capital Market Access for Military

Bloomberg.com - 4/23/2014

China plans to fold developers of military hardware into listed state-owned companies, people familiar with the matter said, giving them access to capital markets as the country prioritizes high-technology defense capability.The plan would allow military research institutes to be incorporated into state-owned enterprises, said the two people, who asked not to be identified because they weren’t authorized to discuss the plans publicly.

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