November 6, 2018 / 6:56 AM / a month ago

China to encourage centrally held shipping firms to merge and consolidate

BEIJING (Reuters) - China will encourage mergers and consolidations among central government-held shipping companies, the head of the state assets regulator said on Tuesday.

Xiao Yaqing, chief of state-owned Asset Supervision and Administration Commission (SASAC) was speaking at a forum on the sidelines of China International Import Expo (CIIE) in Shanghai.

Reporting by Tom Daly and Beijing Monitoring Desk, Editing by Sherry Jacob-Phillips

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