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  • August 30, 2014
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  1. Turning private has its pitfalls

    Posted Jul 12th 2011, 12:00am

    ... Monetary Fund are ganging up to demand that Greece sell its government-owned industries to raise Euro50 billion (HK$550.83 billion) by 2015 to help pay down its massive debts and get the economy ... It is a worry whether what amounts to a fire sale of companies can bring in short-term cash and long-term structural reform of corporate Greece. Britain's experience is relevant. Some former ...

  2. Beijing shakeup is almost complete

    Posted Jul 31st 2003, 12:00am by Nailene Chou

    ... Latest round of government streamlining puts the capital's administration in a better position to carry out reforms Removing the last vestiges of the planned economy, the Beijing municipal government is poised to announce a series of administrative r ...

  3. Law on state assets frustrates reformers

    Posted Oct 29th 2008, 12:00am by Staff Reporter

    ... Stephen Chen A law to better protect and manage state-owned assets was passed on the mainland yesterday. But to the disappointment of reformers, the final version, which state media claimed ended a 15-year debate, seemed to lack the teeth that could prote ...

  4. 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 Council commission that oversees the enterprises has demanded that offic ...

  5. Laws to govern privatisation sped up

    Posted May 16th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Former State Council official says updated corporate regulations will ease the transition of big state-owned enterprises The State Council is accelerating amendments to corporate law to prepare for when the central government gives up its direct control of state owned enterprises (SOEs). Li Zhimin, a former chairman of the State Council's board of supervisors ...

  6. State-owned firms to face faster cuts

    Posted Mar 14th 2005, 12:00am by Staff Reporter

    ... of his commission. Those that failed to improve their corporate efficiency to become the top three players in their respective industries would have to be restructured, he said. These companies ...

  7. Government owns up to fifth case of missing data

    Posted May 01st 2008, 12:00am by Jimmy Cheung

    ... Jimmy Cheung A USB flash drive containing details of civil servants' misconduct cases is missing, the fifth case of government data loss in a week. The latest disclosure has fuelled concerns that the problem is just the tip of the iceberg, as more of ...

  8. Jobs for boys at state companies

    Posted May 17th 2011, 12:00am

    ... Corporation (SNPTC) after holding the same job at sister company Sanmen Nuclear Power. Dr Yan Yu, director of Peking University's Government Management and Industry Development Research ...

  9. Beijing reviews state firms' assets abroad

    Posted Jul 26th 2007, 12:00am by Staff Reporter

    ... Guo Aibing in Beijing Latest scrutiny may uncover misuse of funds and lead to tighter controls, reports say The central government has nearly completed a review of about one trillion yuan of offshore investments and assets held by state-owned enterprises ...

  10. State-owned firms to face closer scrutiny

    Posted Jan 06th 2005, 12:00am by Cary Huang

    ... Cary Huang Two new regulatory bureaus will be set up by the corporate watchdog in the wake of oil scandal The state assets regulator is to set up two bureaus in an apparent effort to improve monitoring of state-owned companies. Questions were raised about corporate governance and risk management at these companies after the China Aviation Oil (CAO) debacle last year. ...




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