Key Takeaways:
Hang Seng Indexes launched the Hang Seng China SOE Index (HSCSOE) in April 2023, focusing on Mainland Chinese state-owned enterprises (SOEs) listed in Hong Kong
SOEs are outperforming the market with the HSCSOE Index showing a 48.3% increase from October 2022
Yi Huiman, Chairman of the China Securities Regulatory Commission, emphasized the need for a valuation system with “Chinese characteristics”
The digital transformation of SOEs is a key focus for the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)
This shift towards digitalization is expected to optimize the functioning of SOEs and contribute to constructing a digital China
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