Liaoning sells shares in seven SOEs whose total market value tops $60 billion

Senior officials from northeast China's Liaoning province marketed shares of seven State-owned enterprises to private investors on Monday in order to balance the province's fragile social security accounts and improve the companies' performance.

Private investors will be allowed to buy up to 20 percent of each of the seven SOEs. The companies are Liaoning Transportation Construction Investment Group Co Ltd, Liaoning Water Resources Management Group, Liaoning Energy Investment (Group) Co Ltd, Liaoning Dalian Fishery Group, Fushun Mining Group Co Ltd, Shenyang Coal Trade Group Co Ltd, and Tiefa Coal Industry Co Ltd, according to Shenyang United Assets and Equity Exchange.

Two of these have listed companies. The market value of the seven companies is 401.07 billion yuan ($60.04 billion).