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  1. Profits and expenses surge at state-owned enterprises

    Posted Jul 20th 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Profits at state-owned enterprises rose 22.3 per cent in the first half of the year compared with a year ago, but their expenses also increased ... in the first four months of the year, the ministry said. State-owned firms have been growing rapidly in recent years. A record 61 Chinese enterprises made the Fortune 500 list of the world's top ...

  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. Tussle over China Eastern Airlines places stake sale in the balance

    Posted Dec 28th 2007, 12:00am by Charlotte So

    ... of the mainland aviation industry seems inevitable. Sasac has made it clear that the 153 major state-owned enterprises will be reduced to between 80 and 100 by 2010, resulting in two major airlines. ...

  4. State control a recipe for weakness and sloth

    Posted Dec 19th 2006, 12:00am by Staff Reporter

    ... of driving growth and progress. As Beijing should know after years of running state-owned enterprises, even the most enterprising managers of these institutions can be bogged down by bureaucratic inertia and policy directives that go against market forces. To its credit, many state-owned enterprises (SOEs) have come alive after being restructured, listed on public bourses and subjected ...

  5. State firms on course for 80pc jump in profit to a trillion yuan

    Posted Dec 10th 2007, 12:00am by Staff Reporter

    ... AI Guo in Beijing State-owned enterprises are expected to record about one trillion yuan in profit this year, almost 80 per cent higher than last year, according to the state assets ... department of the National Development and Reform Commission, said state-owned companies would be encouraged to invest in emerging enterprises rather than restricted to their core products. He said ...

  6. Workshop mulls plan for super watchdog

    Posted Jan 07th 2012, 12:00am

    ... state-owned financial firms. But the struggle for power among the different regulatory bodies is likely to remain a stumbling block, dashing any hope of an imminent launch of a 'super ... The central leadership has been mulling the idea of fine-tuning the co-ordination mechanism in order to better manage state-owned financial institutions for years. The plan discussed at the conference ...

  7. Beijing Enterprises gets rid of loss-making dairy unit

    Posted Dec 06th 2004, 12:00am by Sandy Li

    ... holding in Beijing Enterprises (Dairy)- the sole asset of which is the 55 per cent stake in Beijing Sanyuan- to Beijing Sanyang Group and Beijing Holdings. State-owned Beijing Sanyang, already ... Sandy Li Beijing Enterprises Holdings will dispose of a dairy unit involved in the operation of McDonald's franchise stores in Beijing and Guangdong for $528.5 million in cash. ...

  8. New lifeline for ailing mainland firms

    Posted Mar 20th 2006, 12:00am by Jamil Anderlini

    ... struggling competitors and state-owned enterprises. 'The establishment of groups like this will help the restructuring, re-organisation and reform of state-owned enterprises,' said Xia Bin, ... chairman of bankrupt and disgraced conglomerate D'Long from 2001 until it collapsed in 2004. The state-owned banking sector still provides more than 90 per cent of corporate financing in China ...

  9. Days numbered for monopoly of state firms

    Posted Apr 05th 2012, 12:00am

    ... Eric Ng in Beijing eric.mpng@scmp.com Seven years after Beijing said in a policy circular it would make it easier for private enterprises to enter industries cornered by state-owned ... the development of private enterprises. It said private firms should be allowed to invest in sectors monopolised by state-owned firms. It called for faster reform and greater competition in sectors ...

  10. Wen vows swift economic reforms

    Posted Mar 06th 2012, 12:00am

    ... up state-owned monopolies. The measures would help achieve balanced and sustainable growth in the economy, driven by private consumption, Wen said. In his annual government work report ... of senior managers of state-owned firms and financial institutions. While blue-collar migrant workers earn just a few thousand yuan a month, top executives of major state-owned firms make millions ...




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