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  • September 20, 2014
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  1. The real worth of state-owned assets

    Posted Sep 15th 2003, 12:00am by Staff Reporter

    ... encompassing things like schools, hospitals and housing that state-owned enterprises (SOEs) traditionally provided to their employees. Supposedly, SOEs have been jettisoning these assets - by selling ... How much are the Chinese government's state-owned assets worth? Quite a lot, if you believe the official numbers. But poke deeply into those numbers and, as usual ...

  2. Market-driven directors sought for state firms

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

    ... to attract the best talent in the world to state-owned enterprises,' he said. Though he did not give details, it is known that some top state-owned firms are offering annual executive salaries ... Profits, not political connections, will decide who is promoted, says official Directors of state-owned companies will be given more powers over the next three years to improve corporate ...

  3. The mainland's best little state-owned bank

    Posted Aug 11th 2003, 12:00am by Staff Reporter

    ... US$1 billion in Hong Kong later this year. The initial public offering (IPO) will generate a lot of the usual commentary about the superiority of private companies over state-owned ones, ... Chau Ching-ngai. But in China it is never accurate to talk about a wicked state-owned sector and a virtuous private one. Many successful so-called private firms feed from an enormous trough ...

  4. State-owned Guangzhou TV chosen for commercial experiment

    Posted Sep 26th 2003, 12:00am by Staff Reporter

    ... Market is ripe for broadcaster to challenge competitors The central government is using Guangzhou as a testing ground to see how state-owned television broadcasters can compete in the crowded but lucrative market. The city's state-owned TV operator, Guangzhou Television, has two options - either to remain an official mouthpiece or become market-oriented and compete ...

  5. Leaders want to cut stake, but not say, in SOEs

    Posted Nov 06th 2003, 12:00am by Staff Reporter

    ... of state ownership without sacrificing a say in management, according to a senior official with the State Owned Assets Supervision and Administration Commission (Sasac). Concerned with rising corruption, mismanagement and bad debts, Beijing is eager to introduce a shareholding system that imposes better control on managers of state-owned enterprises (SOEs). The official said Sasac ...

  6. Sale of state assets to be guided by a 'healthy market'

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

    ... of a 'healthy market', a senior official has said. Speaking in Tianjin at the weekend, Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission, said the country was at a critical juncture as the government reformed the composition and structure of the state-owned sector. 'As we further the reform of our state-owned enterprises, and accelerate the reshaping ...

  7. State-run enterprises seek executives overseas

    Posted Sep 17th 2003, 12:00am by Eric Ng

    ... to fill top positions at state-owned firms such as China United Telecommunications and China Aluminum. The State-owned Assets Supervision and Administration Commission under the State Council has ... in Putonghua and not older than 50. A commission spokesman said the campaign was in the pilot stage and could be expanded to find candidates to fill top positions at 140 state-owned companies ...

  8. Welcome steps in state sector shake-up

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

    ... in the mainland economy, state-owned enterprises have become less and less relevant. Because political rather than economic considerations take precedence at these firms, many of them are, in the new era, ... and Administration Commission are that the vast majority of China's 159,000 state-owned enterprises will be sold off, with the rest consolidated into large shareholding companies. A comprehensive plan ...

  9. 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 ...

  10. Why real companies are a rare breed

    Posted Aug 18th 2003, 12:00am by Staff Reporter

    ... Clarke, an expert on Chinese corporate governance, argues that the 1994 Company Law is a big part of the problem. It was drafted mainly to enable ministry-run state-owned enterprises ... and domestic stock markets since 1995. But it has not fostered a real corporate culture - and may be a hindrance. A law designed to help old state-owned enterprises does not necessarily benefit new ...




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