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  1. Cost to largest state-owned firms estimated at HK$33 billion

    Posted May 22nd 2008, 12:00am by Cary Huang

    ... Cary Huang Economic losses from the quake at the largest state-owned enterprises directly under the central government are estimated at more than 30 billion yuan (HK$33.60 billion), the minister in charge of state industry says. Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission, said such losses would not lead to any significant change ...

  2. Talent hunt for state-owned firms an exercise in futility

    Posted Jun 19th 2008, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'Beijing is planning a big global drive for corporate talent, seeking new chief executives for some of the top 50 state-owned enterprises.' SCMP, June 18 ... by state-owned corporations - 54 per cent as of the latest figures, which is down from 74 per cent 15 years earlier. The blue line shows you the percentage of total industrial sales for which state-owned ...

  3. SOE staff barred from owning shares in affiliates

    Posted Oct 09th 2008, 12:00am by Eric Ng

    ... Eric Ng Beijing has banned employees and managers of state-owned enterprises from holding shares in related companies other than their direct employers, a move to clamp down on the loss of state assets to private hands, and on conflicts of interest through connected transactions. Mid-level bosses at state-owned enterprises (SOEs) would have to divest their stakes ...

  4. China National Travel gears up for expansion on tourism boom

    Posted Mar 17th 2008, 12:00am by Carol Chan

    ... enterprises under the direct supervision of the State-owned Assets Supervision and Administration (Sasac)- has set aside for expansion. As at the end of last year, the company had total assets ... was also merged into CNTS-HK last year as part of Sasac efforts to cut the number of major enterprises under its control. The watchdog of state-owned assets has planned to cut the number of major ...

  5. Sasac moves to limit stock options windfall for state enterprise chiefs

    Posted Apr 26th 2008, 12:00am by Staff Reporter

    ... Al Guo in Beijing and Natalie Chiu The central government is seeking to cap stock option incentives for executives of state-owned enterprises (SOEs), which effectively will block ... by the State-owned Assets Supervision and Administration Commission (Sasac) will pacify a public that is fed up with news that managers of listed companies make millions of yuan a year, even during a stock ...

  6. State-owned lenders expect robust profits

    Posted Jan 18th 2008, 12:00am by Staff Reporter

    ... move, the two state-owned lenders also said they set aside provisions as compensation for early retirements last year, with ICBC making 12.5 billion yuan and CCB nine billion yuan. ...

  7. Beijing kicks off global search for executives at state firms

    Posted Jul 08th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung and Daniel Ren in Shanghai Beijing has kicked off a global recruitment drive to find 16 senior executives for state-owned enterprises, including top steelmaker Baosteel ... according to an online notice by the State-owned Assets Supervision and Administration Commission, a ministry-level department with direct control of all state-owned enterprises. This round would ...

  8. Corrections & clarifications

    Posted May 07th 2008, 12:00am by Staff Reporter

    ... In last Friday's report headlined 'Mainland executive salaries close in on Wall Street levels', it should have been stated that the survey covered all mainland enterprises. Ping An Insurance (Group) is not a state-owned company. ...

  9. Law on state assets frustrates reformers

    Posted Oct 29th 2008, 12:00am by Staff Reporter

    ... of Guangdong, recognises the legitimacy of a huge management black hole. 'In most of the large Guangdong state-owned enterprises, the director of the board is also the general manager and the chief ... Stephen Chen A law to better protect and manage state-owned assets was passed on the mainland yesterday. But to the disappointment of reformers, the final version, which state media ...

  10. Sizzling economy's backbone is its up-and-coming private enterprise

    Posted Jul 17th 2008, 12:00am by Staff Reporter

    ... of state-owned enterprises, private firms have emerged as key drivers of employment and trade. What's more, their steady growth is generally considered sustainable. But the focus on private ... is likely to be those young and emerging private enterprises. The economy of Anshan has long been carried by state-owned Anshan Iron and Steel Group, traditionally accounting for more than 50 per ...




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