From wires,
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» The new ruling is in response to growing public dissatisfaction over executive compensation and the perception that private individuals are growing wealthy from state property.
» Regulators barred managers of state-run companies from transferring their equity in affiliates or subsidiaries to close relatives.
» State-owned companies will be given priority to buy shareholdings from their staff at prices not exceeding the stock’s audited net value in the previous fiscal year.
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and managing director