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China to encourage private funds to invest in defence firms - cabinet

Reuters  |  BEIJING 

(Reuters) - will encourage private funds to invest in firms to promote reform in the industry, China's cabinet said on Monday.

will encourage firms to list on the stock market or invest in listed companies, the State Council said in guidelines issued to further open up the military industry.

(Reporting by Monitoring Desk; Editing by Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 15:07 IST