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Results 1 - 10 of 270 for state-owned enterprises

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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 ...

    http://www.scmp.com/article/638549/cost-largest-state-owned-firms-estimated-hk33-billion
  2. State auditor's probes to remain a 'family business'

    Posted Jul 08th 2004, 12:00am by Staff Reporter

    ... right to be informed.' Last month, the release of the state auditor's assessment of the finances of government bodies and state-owned enterprises revealed a number of scandals relating ... the agency's in-house role would remain unchanged despite the higher level of attention given by state-owned media to the auditor's annual report. 'Our office, as an administrative function ...

    http://www.scmp.com/article/462341/state-auditors-probes-remain-family-business
  3. HK eyed as head office for state firms

    Posted Aug 11th 2008, 12:00am by Cary Huang

    ... he said. He noted that the state would not sell large blocks of shares in listed, centrally administered state-owned enterprises because it wanted to maintain control of the companies. ... as a result of the country's energy pricing policies. Mr Li pledged to accelerate the pace of restructuring of state-owned enterprises. He said the economic slowdown in the United States would ...

    http://www.scmp.com/article/648661/hk-eyed-head-office-state-firms
  4. Power producers surge on funding hopes

    Posted Jan 10th 2009, 12:00am by Eric Ng

    ... in the largest state-owned enterprises, 19.6 billion yuan for companies' post-disaster reconstruction and 8.15 billion yuan to fund industry restructuring. An industry official said the injection might partly be carried out by exempting dividends owed to the state. From last year onward, wholly state-owned enterprises in the energy sector were required to hand over 10 per cent ...

    http://www.scmp.com/article/666430/power-producers-surge-funding-hopes
  5. Sasac report glosses over hostility towards SOEs

    Posted Sep 05th 2009, 12:00am by Shirley Yam

    ... asset management arms. But for Sasac's first-ever report, the social contributions of state-owned enterprises not only took up half of the 96-page document, but was in fact the core message. 'Central state-owned enterprises have fulfilled their social responsibilities as the elder sons of the country... Whenever there are disasters, the central state-owned enterprises ...

    http://www.scmp.com/article/691599/sasac-report-glosses-over-hostility-towards-soes
  6. Beijing begins probe two months after burst dam killed 44

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

    ... in the Chinese Communist Party Central Discipline Committee said the central government was tough on private businesses but was often slow to act against state-owned enterprises. 'The boss of an important state-owned enterprise is more difficult to sack than a governor,' the source said. 'Without some big guanxi [connections] in Beijing, they cannot get the position, and once ...

    http://www.scmp.com/article/655306/beijing-begins-probe-two-months-after-burst-dam-killed-44
  7. Sasac chief pledges 500m yuan for Dongfang Electric

    Posted May 30th 2008, 12:00am by Eric Ng

    ... Eric Ng State-owned enterprises head Li Rongrong has pledged to inject about 500 million yuan (HK$572.78 million) into earthquake-hit Dongfang Electric Corp, to help finance rebuilding of the company's collapsed steam turbine plant in Deyang city. Huang Yong, an investor relations official of the largest power generation equipment producer in western China, said the State-owned Assets ...

    http://www.scmp.com/article/639529/sasac-chief-pledges-500m-yuan-dongfang-electric
  8. Mainland firms in cultural sector applying for IPOs, says official

    Posted Sep 22nd 2010, 12:00am by Sophie Yu

    ... Beijing was determined to carry out these reforms to transform state-owned cultural firms from non-profit organisations to modern, bottom line-driven enterprises. At the moment, many ... Sophie Yu A number of state-owned and privately held mainland companies in the so-called cultural sector are applying for initial public offering, says an official at the China Securities ...

    http://www.scmp.com/article/725476/mainland-firms-cultural-sector-applying-ipos-says-official
  9. 26.7b yuan in embezzled public funds recovered

    Posted Jun 25th 2009, 12:00am by Cary Huang

    ... problems found in last year's audits. In auditing of 13 centrally administered state-owned enterprises, auditors found they had reported false profits and assets. The enterprises reported 1.29 ... departments and giant state-owned enterprises every year. Three of the mainland's major banks said yesterday the office had found lending irregularities and improper activities in a routine check ...

    http://www.scmp.com/article/684733/267b-yuan-embezzled-public-funds-recovered
  10. My word is my bond (until the price moves against me)

    Posted Sep 02nd 2009, 12:00am by Tom Holland

    ... be your bond. So an uneasy tremor passed through world markets earlier this week after China's respected Caijing magazine reported that Beijing will allow state-owned enterprises to walk away from loss-making derivatives contracts, rather than pay up the money they owe. According to the magazine, the State-owned Assets Supervision and Administration Commission, or Sasac, wrote ...

    http://www.scmp.com/article/691286/my-word-my-bond-until-price-moves-against-me

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