China Said to Plan Capital Market Access for Military

China plans to fold developers of military hardware into listed state-owned companies, people familiar with the matter said, giving them access to capital markets as the country prioritizes high-technology defense capability.

The plan would allow military research institutes to be incorporated into state-owned enterprises, said the two people, who asked not to be identified because they weren’t authorized to discuss the plans publicly. The policies, being drafted by the Ministry of Finance and other agencies, could be released as soon as next month, they said.