SOE equitisation lets down investorsEven though the government has been trying its best to boost the equitisation of state-owned enterprises (SOEs) to attract private investors over the past few years, the poor performance and small sales percentage of many such enterprises have disheartened many interested parties. Moreover, the particularly small rate of SOE stakes offered to foreign firms also makes it hard for foreign investors to engage in the operation of SOEs. Other stake holders include strategic investors (7.3 per cent), employees (1.6 per cent), trade unions (0.6 per cent), and other types of investors (9.4 per cent). What can foreign investors do after they buy their stakes? Foreign investors are facing many difficulties in participating in SOEs’ equitisation.