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Sinopharm Revises Plan to Reform its State-Owned Enterprise Structure

publication date: Jul 21, 2016
Sinopharm, China's largest state-owned pharma, has submitted a plan to China's Assets Supervision and Administration Commission that would strengthen the power of its Board of Directors. Two years ago, Sinopharm was chosen as a pilot program for reform of China's state-owned enterprises as a way to make the SOEs more competitive, a mixed-ownership plan. A more powerful Board would implement market-based strategies for Sinopharm, reducing the power of the government to make decisions for China's largest pharma. Sinopharm is formally known as China National Pharmaceutical Group. More details....

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