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  • September 22, 2014
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Results 1 - 10 of 38 for state-owned enterprises

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  1. Business - Banking & Finance - REGULATION

    Guotai chief quits as checks tighten on top brass of state-owned firms

    Posted Jun 05th 2014, 05:34am by George Chen

    ... top brass The central government is stepping up efforts to check the family backgrounds of top-level executives at major state-owned enterprises, focusing on their overseas links, amid rising ... concerned about the reliability of such officials in important positions at major state enterprises. Guotai Junan is controlled by an investment arm of Shanghai's city government. It is one ...

  2. Business - China Business - REGULATION

    Shanghai to spur reforms at state enterprises

    Posted Mar 31st 2014, 05:27am by REN WEI

    ... Shanghai has rolled out new incentives to show is resolve to deepen economic reforms and further encourage the city's state-owned enterprises to venture abroad. But these efforts might expose the industrial giants to risks amid a clutch of reckless overseas acquisitions and the establishment of new production facilities abroad. Shanghai is striving to lead the reform push for state-owned ...

  3. Business - China Business - REGULATION

    Audit uncovers shortcomings in management of SOEs

    Posted Jun 21st 2014, 12:53am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Poor oversight on investments on top of improper feasibility studies contributed to billions of yuan in losses among state-owned firms Audit finds shortcomings at 11 SOE s A government audit of the 2012 books of 11 large state-owned firms has found major irregularities and shortcomings in oversight procedures that led to billions of yuan in losses. ...

  4. Business - China Business - REGULATION

    China Mobile dispute points to regulatory confusion, lawyers say

    Posted Jan 09th 2014, 01:27am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Lawyers say the control of subsidiaries of state-owned firms and power given to their overseas units causing regulatory confusion China Mobile dispute points to fuzzy rules The regulatory ambiguities that arise when subsidiaries of state-owned enterprises make deals, especially less strictly supervised overseas ones, have been highlighted by the dispute ...

  5. Business - China Business - REGULATION

    Private firms given a boost by State Council

    Posted Sep 07th 2013, 12:00am by Zhang Hong

    ... of "model" projects for private investment in sectors monopolised by the state-owned enterprises (SOEs). The sectors include finance, oil, electricity, railways, telecommunications, resources ... headed by the mainland's top economic planner and introducing concrete measures to allow private firms to enter industries dominated by state-owned monopolies. The moves come just two months ...

  6. Business - China Business - REGULATION

    China Three Gorges Corp bosses replaced after graft probe

    Posted Mar 26th 2014, 06:34am by Toh Han Shih

    ... government has removed two senior executives of China Three Gorges Corp after an anti-corruption watchdog discovered problems at the state-owned enterprise. Three Gorges chairman Cao Guangjing ... non-governmental organisation. "This looks like a very serious matter. It takes fairly unusual circumstances for two top executives at a state-owned enterprise to be removed on the same day," ...

  7. Business - Commodities - REGULATION

    Beijing ditches target in new steel consolidation plan

    Posted Mar 26th 2014, 06:34am by Reuters

    ... capacity in the hands of its top 10 mills by 2015, up from about 40 per cent. The target was part of a state strategy to help state-owned steel firms become more competitive by encouraging them ... monsters" lumbered with debt and unprofitable investments. Before the global financial crisis, big state-owned steel firms were desperate to expand their market share through capacity increases, ...

  8. Business - Banking & Finance - REGULATION

    Rule change lets Chinese firms guarantee offshore debt

    Posted May 22nd 2014, 02:55pm by Jasper Moiseiwitsch

    ... Development and Reform Commission. This is taken to mean offshore acquisitions, as they are the type of "project" that the agency approves. The new rules will initially benefit state-owned enterprises borrowing offshore to finance cross-border acquisitions. "The purpose is to facilitate firms with offshore funding needs, especially SOEs, as part of the government agenda ...

  9. Business - China Business - REGULATION

    Mainland security checks on hi-tech systems could favour domestic suppliers

    Posted May 24th 2014, 01:52am by BIEN PEREZ

    ... framework. But the checks would serve as some kind of bureaucratic speed bump in procurement, which may favour some vendors over others." Dai said state-owned enterprises, especially those ... China's enterprise technology market- the world's third-largest behind the US and Japan- could either slow because of the checks, "or be stimulated as organisations scramble to replace ...

  10. Business - China Business - REGULATION

    Shanghai taps state firms for pensions

    Posted Dec 19th 2013, 01:38am by Daniel Ren

    ... Shanghai taps state firms for pensions Shanghai has taken a major step in reforming state-owned businesses by making it mandatory for the powerful companies to transfer more profits ... the difficulties through deeper reforms." Shanghai is the first provincial-level government to roll out its own reform measures on state-owned businesses after the third plenum. The move ...




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