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  1. Comment - Insight & Opinion

    Cleaning up China's state-owned firms must go beyond punishing the corrupt

    Posted May 28th 2014, 06:42pm by Hu Shuli

    ... must go beyond punishing the corrupt After government agencies, state-owned enterprises have become the second main battleground for China's crackdown on corruption. In September last ... with whom they collude. Investigators cannot afford to relax: every case of wrongdoing uncovered must be prosecuted. Meanwhile, China must rethink the structure of its state-owned enterprises ...

  2. 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 ...

  3. Comment - Blogs

    Gree tastes pain of excess

    Posted Mar 04th 2013, 11:00am by Doug Young

    ... that high-level officials at big state-owned enterprises may also soon be coming under attack. Most China watchers will know that the distinctions between officials from the government and big state-owned ... corruption and excessive spending by government officials are now finding their way into big state-owned enterprises as well. Accordingly, we could easily see similar downfalls for top executives ...

  4. 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 ...

  5. News - Asia - VIETNAM

    Vietnam’s state sector a ‘cancer’ in economy

    Posted Jan 30th 2013, 02:45pm by AFP

    ... the scope for further stimulus. Vietnam has more than 1,300 state-owned enterprises (SOEs). They account for 45 per cent of the country’s total investment, use 60 per cent of commercial bank loans, ... that the communist regime cannot fix. More than 25 years after it started a transition towards a market economy, the government is trying to unpick a web of state-owned firms, which have a stranglehold ...

  6. Business - China Business - RETAILING

    State's cowboy keeps profits rolling

    Posted Nov 19th 2012, 12:00am by JANE CAI

    ... is a Western giant of innovation that arose from rough-and-tumble free competition, while the other is a firm that has prospered, thanks to China's unstinting support of its state-owned ... Jane Cai in Beijing xuejun.cai@scmp.com Good food is the lifeblood of China's national food enterprise and the quality demanded by chief Ning Gaoning shows even in its canteen ...

  7. News - China - BUSINESS

    Rich business scions in Foshan finish 'controversial' six-month training with state-owned firms

    Posted May 28th 2014, 05:33pm by Alice Yan

    ... executives have recently completed training under Chinese state-owned enterprises, as the local government aims to ensure a next generation of entrepreneurs can continue keeping the city’s economy ... of state-owned enterprises, which dominate most Chinese industries, from construction to electricity and mining. They might adopt SOE habits like “low efficiency and using their monopoly status to force ...

  8. Business - China Business

    Beijing denies report private investors could buy 15 per cent of state-owned firms

    Posted Nov 11th 2013, 01:09pm by Reuters and staff reporters

    ... cent stakes in state-owned enterprises.  A spokesperson for the State-owned Assets Supervision and Administration Commission (Sasac) told the China Securities Journal that the English-language ... that private capital could hold up to 15 per cent stakes in state-owned enterprises is untrue."  Chinese leaders are gathered in Beijing this week to establish the economic blueprint for the next ...

  9. Business - China Business - REFORM

    China's reform of state-owned sector gains momentum

    Posted Apr 24th 2014, 01:14am by Reuters

    ... high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of the mainland's hugely inefficient state-owned enterprises. It shapes ... at SOEs is too high," said Steven Sun, head of China equity strategy at HSBC Global Research. Sun calculates state-owned firms have spent all the cash flow generated from business operations ...

  10. Business - China Business - State-Owned Enterprises

    Reform of China’s state-owned sector gains momentum

    Posted Apr 22nd 2014, 11:32am by Reuters

    ... hugely inefficient state-owned enterprises (SOEs). It shapes up as an eclectic mix of pilot projects and initiatives rather than a single blueprint, which makes it hard to judge their progress. ... “The financial leverage at SOEs is too high,” said Steven Sun, head of China equity strategy at HSBC Global Research. Sun calculates China’s state-owned firms have spent all the cash flow ...




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