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[Weng Jieming: Suggestion to establish technology-based state-owned capital operating companies] September 23rd, at the 11th (Autumn) Central SOE Investment and Development Conference held recently, Weng Jieming, member of the Standing Committee of the National People's Congress and deputy director of the Financial and Economic Committee, suggested revitalizing high-quality equity with stable cash flow held by state-owned enterprise investors and establishing a group of technology-based state-owned capital operating companies. Relying on dividend income from existing equity, provide a source of funds for early high-risk investments in future industries. (Securities Times)
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