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  1. The mission creep at the great sell-off

    Posted Jun 14th 2004, 12:00am by Staff Reporter

    ... enterprise reform in 1998, a huge number have been privatised, by sale to managers or outside private investors. Eighty per cent of county-level and 60 per cent of city-level state-owned enterprises ... State-owned Assets Supervision and Administration Commission (Sasac). Created last spring, its main role was to become the government shareholder in 196 large national-level enterprise groups, ...

  2. Petitioners seek end to sell-off of state assets

    Posted Feb 20th 2007, 12:00am by Staff Reporter

    ... including draft regulations on state-owned shares of listed companies and overseas companies owned by mainland enterprises. Mr Li's speech and the open letter come ahead of the National ... and the Politburo over the weekend calling for an end to the privatisation of state-owned assets. The open letter came after Li Rongrong, chairman of the State-owned Assets Supervision and Administration ...

  3. State firm workers' expenses scrutinised

    Posted Jun 08th 2006, 12:00am by Elaine Wu

    ... Elaine Wu Officials from state-owned enterprises will come under scrutiny for using public funds for personal wining, dining and travel under a new State Council directive. The State ... the directive issued yesterday by the State-owned Assets Supervision and Administration Commission, state-owned enterprises should draw up guidelines this year, and fully implement them from 2007. ...

  4. Shenzhen eyes party role in private firms

    Posted Jul 30th 2003, 12:00am by Staff Reporter

    ... and they employ a lot of people. 'Unlike 20 years ago, many party members are now no longer working for state-owned enterprises or the government. 'It is only natural that the party wants to strengthen its organisation. But we have to be careful how much power these party branches will have. Will they enjoy the same kind of influence and power as those in state-owned enterprises ...

  5. Steelworkers protest over housing subsidies

    Posted Aug 24th 2010, 12:00am by Staff Reporter

    ... Staff Reporter Some 200 workers laid off by Guangzhou Iron & Steel Enterprises Group staged a protest to demand housing subsidies. They first gathered outside a factory office building at 9am yesterday, but their request for talks was rebuffed, so at noon they moved to the plant's main entrance, where they drew 1,000 onlookers. The state-owned enterprise said in May ...

  6. Push to privatise SOEs 'a foreign plot'

    Posted Apr 11th 2012, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com The head of China's state-owned military and civilian aviation company said the privatisation of state-owned enterprises was part of a foreign ... sector be privatised and calling for preferential policies for private companies to ensure fairer competition. Earlier this month, Premier Wen Jiabao even openly criticised big state-owned banks ...

  7. Zhejiang official is focus of graft probe

    Posted Jul 04th 2011, 12:00am

    ... allegedly been tied to the embezzlement of state-owned enterprise assets and to profiting from the buying and selling of industrial land while he was an official in Huzhou. He was reportedly taken ... (HK$132.3 million) worth of assets of Huzhou Silk Group, a state-owned enterprise, in 2001. Joinway also acquired assets of two other indebted silk companies. Its chairman, Sun Juemin, ...

  8. 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 ...

  9. Major cities draw up lists of firms for sale

    Posted Aug 08th 2003, 12:00am by Staff Reporter

    ... 100,000 state-owned enterprises will be privatised in the government overhaul The sale of state-owned enterprises is gathering pace. According to a report released yesterday in the state media, all major cities have drafted lists of firms that will be sold in the coming months or years. The newly formed state-owned Asset Supervision and Administration Commission has been working ...

  10. State firms 'will still drive economy'

    Posted Jun 02nd 2004, 12:00am by Staff Reporter

    ... Allen T. Cheng in Beijing State-owned enterprises will remain the driving force behind the mainland economy despite the government's privatisation efforts, according to analysts. ... building up 197 large state-owned conglomerates. 'This is not eastern Europe, where the goal was to decrease state control, but an effort to make state control more efficient,' Mr Kroeber ...




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