In May, a new attempt was launched at off-loading state-owned shares in the 1, 400 companies listed in China's stockmarkets.
In this way, Mr Sinha will manage to meet his budget target for this year's revenues from the sale of state-owned shares.
One reason, bankers say, is that companies, in particular from China, sometimes turn to state-owned firms to buy shares, which creates artificial demand.
In Indonesia, state-owned stock brokerages routinely reserve shares in new issues for the well-connected, usually relations of President Suharto.
Socrates also noted that Lisbon would not sell shares in state-owned savings bank Caixa Geral de Depositos.
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National treasurer Wayne Swan approved the purchase on condition state-owned Chinalco did not buy more Rio shares.
Millions of people who previously had little or no stake in the economy found themselves being able to own their houses and buy shares in the former state-owned businesses.
This week, the Saudi cabinet approved plans to sell most of the government's stake in the country's main insurer, and some of its shares in Maaden, a state-owned mining firm.
Of the more than 4300 power generation companies in China that have capacity of 6, 000 kilowatts and above, approximately 90 percent are state-owned, or companies with a majority of their shares controlled by the state.
So he bought a few shares in each company, as well as in a couple of state-owned banks.
On June 19th it ordered all state-owned firms that had listed on the stockmarket since 2005 to transfer 10% of their shares to the National Social Security Fund to shore up its assets.
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Similarly, Lynas Corporation of Western Australia has seen its shares rise eight-fold since early 2009, shortly before a state-owned Chinese company attempted to make an investment that was itself blocked by the Australian government.
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