Citic, Sinopec and China's Window for Reform

This week CITIC Group Corporation (Citic) announced its intention to list the bulk of its operating assets on the Hong Kong Stock Exchange (HKSE). How it will do so raises valuation questions, about which more below. But the fact that it is doing is far more suggestive about the character [...]

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Citic, Sinopec and China's Window for Reform

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