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  • April 21, 2014
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  1. News - China - ENTERTAINMENT

    State-owned China Film Group invest millions in Hollywood productions Seventh Son and Warcraft

    Posted Apr 16th 2014, 04:08am by Angela Meng

    ... Angela Meng angela.meng@scmp.com China Film Group is hoping to buy some cinematic magic with an 'eight figure' investment in two Tinseltown productions State film group pours millions into Hollywood State-owned China Film Group Corporation (CFGC) has made an "eight-figure" equity investment in upcoming Hollywood productions- the first time the entertainment ...

  2. News - China Insider - AUTOMOBILES

    Tesla is no 'Apple of the car industry', say Chinese state-owned carmakers

    Posted Apr 09th 2014, 10:09pm by Chris Luo

    ... Chris Luo chris.luo@scmp.com When asked whether the cutting-edge electric carmaker Tesla Motors may be a game changer in the global car industry like Apple was to the mobile phone industry, Chinese state-owned carmakers shrugged off such comparisons. Xu Heyi, chairman of Beijing Automotive Industry Holding (BAIC), one of China's leading state-owned carmakers, answered ...

  3. Sasac campaign sees 4 state firms merged

    Posted Apr 04th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Shanghai Beijing ramped up its campaign to consolidate super-sized state-owned enterprises, whose profitability has been depressed by the global economic crisis, as it cut the number of centrally controlled SOEs to 138 from 141 through mergers yesterday. The State-owned Assets Supervision and Administration Commission (Sasac), the country's top state assets ...

  4. Comment - Blogs

    Why Chinese state-owned banks are now in the eye of the storm

    Posted Mar 27th 2014, 12:42pm by Jonathan Woetzel and Jeffrey Towson

    ... Jonathan Woetzel and Jeffrey Towson This week, China’s big four state-owned banks are set to announce their 2013 financial results. And the numbers, if predictions are accurate, should ... but also their lowest growth rate since the 2008 financial crisis. This big drop-off is a good symbol of the myriad forces that are currently buffeting Chinese state-owned banks. Chinese banks, ...

  5. Holding firm for SOEs on the way

    Posted Jun 30th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Beijing The mainland would soon introduce a Temasek Holdings-style state assets management firm to improve efficiency in the country's biggest state-owned enterprises (SOEs), Li Rongrong said yesterday. Mr Li (right), who heads the State Assets Supervision and Administration Commission (Sasac), also promised to continue to reduce the number of SOEs controlled ...

  6. SOEs told to quit property market

    Posted Mar 19th 2010, 12:00am by Peggy Sito

    ... Peggy Sito Scores of state-owned enterprises have been ordered to get out of the property market and concentrate on their core businesses. The order, from the State-owned Assets ... Sasac said the 16 state-owned companies whose primary business is property will be allowed to continue property development. The approved state-owned developers include China Poly Group, China ...

  7. News - China - UNITED STATES

    US convicts two of selling DuPont trade secrets to Chinese state-owned firms

    Posted Mar 06th 2014, 02:39pm by AFP

    ... Agence France-Presse in San Francisco US court convicts two men of industrial espionage for stealing trade secrets from DuPont and selling them to Chinese state-owned companies A US jury ... Maegerle to provide trade secrets to help China’s state-owned Pangang Group companies develop a substance known as chloride-route titanium dioxide, or TiO 2. The white pigment helps produce ...

  8. Business - Banking & Finance - CHINA

    Lending adds increasingly less to Chinese GDP, pressuring Premier Li

    Posted May 31st 2013, 12:00am by BLOOM

    ... at the US Treasury Department. "To boost growth, China needs to channel more financing to its private enterprises, which are both more profitable and less leveraged than their state-owned ... in the debt market by the biggest Chinese companies is more than five times a measure of their operating earnings, twice the leverage ratio in 2007. State-owned enterprises in energy and power ...

  9. Comment - Insight & Opinion

    China's ailing economy needs a dose of Thatcherism with Chinese characteristics

    Posted Apr 29th 2013, 12:00am by THOMAS DENG

    ... the beginning of the Thatcher-Reagan era to roll back the frontier of the state. Second, an economy dominated by state-owned enterprises. Similar to Britain in the late 1970s when the government ... enterprises. The equity markets, which are dominated by monopolistic state-owned enterprises, have been consistently trading at discounts to the developed markets despite China's perceived higher ...

  10. News - China - BOAO FORUM

    Boao forum panel hears calls for level playing field for private firms

    Posted Apr 07th 2013, 12:00am by Victoria Ruan

    ... The central government should intervene less in the private sector and concentrate on offering a level playing field for state-owned and private enterprises to maintain growth and investment, said ... had in the past decade given too many privileges to state-owned enterprises, including easy access to land, credit and other resources at low cost, creating state monopolies that disadvantaged ...




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