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  • November 27, 2014
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Results 1 - 10 of 34 for state-owned enterprises

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  1. Pension fund's pleas for more cash unheeded

    Posted Sep 27th 2004, 12:00am by Staff Reporter

    ... seeing retirement income climb faster than wages. Traditionally, China's iron rice bowl was provided by state-owned enterprises, but the end of cradle-to-grave welfare has left many ... proposals went nowhere. The fund also is pushing to get some of the income earned from the sale of state-owned enterprises, but has run into opposition from the State-owned Assets and Supervision ...

  2. ICBC offers rust belt experimental lifeline

    Posted Jun 25th 2004, 12:00am by Elaine Chan

    ... back to the same state-owned enterprises that originally defaulted on them, allowing the bank to write off the loans and the firms to settle their debts. 'It's a win-win situation ... governments. As many state-owned firms in the mainland's former industrial heartland are effectively bankrupt and have trouble paying their thousands of workers- let alone buying back their own ...

  3. In Brief

    Posted Apr 21st 2004, 12:00am by Staff Reporter

    ... auditor looks into books at top state firmS China's National Audit Office said it would send 500 people in 18 teams to investigate the books for last year at nine state-owned enterprises, including Sinopec, CNOOC and China Unicom, under a routine check by the state auditor. Investigation had started involving assets worth 1.8 trillion yuan, the auditor said on its website. ...

  4. Beermaker welcomes foreign control

    Posted Jun 16th 2004, 12:00am by Staff Reporter

    ... with the reform of state-owned enterprises. 'The government is not after ownership but progress,' Mr Ye said after the company's annual general meeting yesterday. However, he said ... the state-owned shares in our company,' Mr Ye said. Previously, the Guangdong government directly controlled 26 leading provincial enterprises. This number has fallen to 18 as the government ...

  5. Handouts won't cure woes of mainland banks

    Posted Feb 26th 2004, 12:00am by Staff Reporter

    ... to money-losing state-owned enterprises, these banks have now been asked to become more commercial. While attempting to shed the non-performing loans forced upon them in the bad old days, they also have ... When the State Council approved the recent plans to use foreign exchange reserves to boost the balance sheets of two of the biggest state-owned banks, it probably was not ready for any ...

  6. Revised securities law is scheduled to come under NPC scrutiny

    Posted Jan 17th 2004, 12:00am by Staff Reporter

    ... public offerings, share issuance by state-owned enterprises, and the relationship between banks and the securities markets, the reports said. A group was formed under Zhou Zhengqing, former ... several classes of shares to reflect the varying rights and obligations of different shareholders, a practice common in the United States and other countries. However, this is not permitted ...

  7. US fund buys into China drug firm

    Posted Dec 21st 2004, 12:00am by Eric Ng

    ... Pharmaceutical Group (Holdings), one of China's largest drugmakers. The investment is a rare marriage of convenience between the world's second-largest buy-out fund and a major state-owned ... investment in a mainland state-owned firm for Warburg Pincus. It bought a 30 per cent interest in Datang Telecom Technology in June. It is the largest deal involving foreign capital for a company ...

  8. Business digest

    Posted Jan 13th 2005, 12:00am by Staff Reporter

    ... another market source said the company was seeking merger and acquisition opportunities in the mainland. 'Baoye was said to be in talks with a provincial state-owned enterprise last year ... company in a statement to the stock exchange said the Valin Group was discussing with Mittal to sell a portion of its state-owned shares, without giving details. Valin Group, which is expected ...

  9. Insurer's listing flags sea change in China reforms

    Posted Nov 06th 2003, 12:00am by David Evans

    ... David Evans Its transition from state-owned entity will pave the way for other mainland enterprises The listing of PICC Property & Casualty goes far beyond an expected $5.4 billion ... to publicly traded company. 'A state-owned enterprise is being transformed into a public company. There are many other companies that are going to have to go through that,' says Ross ...

  10. Netcom drums up IPO support with bullish forecasts

    Posted Oct 18th 2004, 12:00am by Denise Tsang

    ... Netcom Group and five state-owned enterprises, will reduce their 91.9 per cent stake in the company by offering 95.08 million shares. Netcom, the only unlisted company among the mainland's ... nine billion yuan, an aggressive forecast probably aimed at boosting the attractiveness of its US$1 billion to $1.5 billion listing next month. The 9.15 billion yuan projection, stated ...




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