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  • July 24, 2014
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  1. 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 ...

  2. 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 ...

  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. Beijing kicks off global search for executives at state firms

    Posted Jul 08th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung and Daniel Ren in Shanghai Beijing has kicked off a global recruitment drive to find 16 senior executives for state-owned enterprises, including top steelmaker Baosteel ... according to an online notice by the State-owned Assets Supervision and Administration Commission, a ministry-level department with direct control of all state-owned enterprises. This round would ...

  5. 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 ...

  6. Cosco to get out of property sector

    Posted Mar 20th 2010, 12:00am by Peggy Sito, Yvonne Liu

    ... of the real estate market. The move is seen as a reaction to mounting criticism that state-owned enterprises have bid up land prices to record highs since a property boom began last year. The order ... However, the overall impact was not significant because state-owned companies played a minor role in the property market as a whole. Total property sales by state-owned enterprises amounted ...

  7. Beijing Enterprises to speed up asset transfer

    Posted Apr 13th 2005, 12:00am by Denise Tsang

    ... and infrastructure assets recently transferred to its state-owned parent, vice-chairman Zhang Honghai said. Mr Zhang said the unlisted parent had received 37 billion yuan worth of assets in an asset reshuffle conducted by the Beijing office of the State-owned Assets Supervision and Administration Commission in January. He said Beijing Enterprises, the Hong Kong-listed window company ...

  8. Sinotrans units rise on news of state cash aid

    Posted Aug 14th 2009, 12:00am by Charlotte So

    ... with Changjiang Shipping Corp, a model for Beijing's effort to reduce the number of major state-owned firms. Shares in Sinotrans Shipping rose 7.98 per cent to HK$4.06 yesterday. Sinotrans Ltd closed ... yesterday, quoting an unnamed source. The merger of the two state-owned firms received the approval of the State-owned Assets Supervision and Administration Commission in December last year, although ...

  9. HK spin-off planned by Beijing Enterprises

    Posted Jan 08th 2005, 12:00am by Denise Tsang

    ... business to its state-owned parent was on the cards. Despite this, the group would retain its retail arm, Beijing Wangfujing Department Stores, which showed improved performance on the back ... Denise Tsang Beijing Enterprises Holdings aims to list its energy and environmental assets on the Hong Kong stock exchange this year as part of the re-engineering of its business. To pave ...

  10. Coal machine maker to boost products after IPO

    Posted Jan 25th 2010, 12:00am by Amanda Lee

    ... International Mining's key clients are mostly state-owned enterprises such as China Shenhua Energy and China Coal Energy. 'There are risks in working with non-state enterprises,' Chan ... it bought state-owned firms Jixi Coal Mining Machinery and Jiamusi Coal Mining Machinery in 2006. In 2008, International Mining bought Huainan Longwall Coal Mining Machinery, a producer of armoured ...




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