China Everbright prepares for revamp
By Gao Changxin in Shanghai and Jiang Xueqing in Beijing | China Daily | Updated: 2014-08-02 08:11
The government on Friday approved a revamp of the ownership structure of China Everbright Group as the country deepens the reform of State-owned enterprises.
China Everbright Group, with assets totaling $420 billion at the end of last year, is the parent of Hong Kong- and Shanghai-listed China Everbright Bank Co, the country's 11th-largest bank by assets.
It also has units involved in stock brokerage and tourism.
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