State Enterprises: Estate Tourism and China

state enterprises: No specific investments were discussed or agreed upon, they said, according to The Japan Times. The state enterprises in attendance included oil giant Sinopec and conglomerate China Merchants Group, one of the sources said. At a meeting this week in Shenzhen, bordering Hong Kong, senior representatives from nearly 100 of China's largest state-run companies were urged to do their part to help cool China's biggest political crisis in years, said three executives, including one who was present. ; At the meeting, the state-owned enterprises pledged to invest more in key Hong Kong industries, including real estate and tourism, in a bid to create jobs for local citizens and stabilize financial markets, two of the executives said, speaking on condition of anonymity to discuss internal deliberations. The meeting was organized by the State-owned Assets Supervision and Administration Commission SASAC the powerful central body that oversees China's sprawling state sector, which includes some of the world's biggest companies in such industries as steel, energy, shipping and telecoms. Officials at Sinopec and also at China Merchants Group did not respond to emailed requests for comment and calls to the two companies went unanswered. SASAC did not respond to a faxed request for comment. (news.financializer.com). As reported in the news.