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Company vows that it will use all legal means to safeguard its rights
Concerning the downside risks in the economy, Christianson pointed to pressures from regulators' deleveraging process and the property market, but ruled out the scenario of a financial shock, saying the impacts would be "limited and manageable."
Combined profits in the sector stood at 492.4 billion yuan, up 13.7 percent year-on-year, picking up pace from 12.1 percent a year earlier and 13.5 percent in the first seven months.
Combined assets of industrial SOEs saw an annual average growth rate of 6.4 percent from five years ago, reaching 42.5 trillion yuan at the end of 2017, accounting for 37.9 percent of the total, down from 40.6 percent in 2012.
Compared with some other economies, China's capital markets have higher returns while they are not highly correlated with emerging markets. As a result, allocating assets to the country will help investors hedge against risk to a certain extent.