BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/39
Smaller funds have previously been established to support SOE reforms, but their overall impact has been marginal. Corporate bankruptcies, winding down of failing subsidiaries or divisions, and corporate mergers have all gradually become part of efforts to return the sector to health, even if serious conflicts of interest have thwarted progress. Mergers are expected to reduce the number of SASAC-administered firms to under 100 by the end of this year.