- China: The China Securities Regulatory Commission (CSRC) has adopted rules authorising the sale of securities it holds in quoted companies. State holdings in China are numerous: almost two thirds of equity in the 1200 quoted companies controlled by the state, which represents the equivalent of EUR 331 bn in total. Reforms remain limited: only a small number of companies were chosen to take part in a pilot programme for selling state securities. What kind of companies and how many of them,...