The coal minefield
HOME > PAST ISSUE > SPECIAL REPORT [Premium content]September 2007
Stock market listings are part of a wider plan to streamline China’s coal industry
China has already sent its major telecom, oil and financial state-owned enterprises (SOEs) to the capital markets. Now, as another strategic sector – commodities – comes under the investment spotlight, one word crops up more than most: Coal.
Industry watchers claim that this wave of coal sector initial public offerings is a deliberate alteration of China’s industrial policy and is destined to continue.
“This is the first of a whole series,” ...
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