One of the biggest stories coming out of China this year has been the reform of the country’s state-owned sector. Amid the slowing growth and declining operating income of state-owned enterprises or SOEs, Chinese policymakers have embarked on an ambitious plan to reform the industry, launching trials to test changes in mergers, salaries, employee shareholding, and corporate restructuring.
Falling profits and lack of competitiveness on the global stage have been the key drivers behind this desire by Chinese policymakers to reform the SOEs. Income is on track to fall 13% this year.
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk
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