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Results 1 - 10 of 1806 for state-owned enterprises

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  1. Profit slide eases to 26pc at largest state-owned firms

    Posted Jul 22nd 2009, 12:00am by Carol Chan

    ... Carol Chan Profits at the mainland's biggest state-owned enterprises slumped more than 26 per cent in the first half of the year, but the decline is easing amid massive government stimulus spending and record lending. The 136 top companies under the control of the State-owned Assets Supervision and Administration Commission (Sasac) posted a combined profit of 316.03 billion ...

    http://www.scmp.com/article/687577/profit-slide-eases-26pc-largest-state-owned-firms
  2. 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 ...

    http://www.scmp.com/article/675687/sasac-campaign-sees-4-state-firms-merged
  3. 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 ...

    http://www.scmp.com/article/685390/holding-firm-soes-way
  4. Profits of mid-sized banks drop as state-owned giants dominate

    Posted Aug 17th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Shanghai China's 12 joint-stock commercial banks, traditionally held as second stringers in the country's banking industry, posted an average 20 per cent annual decline in net profit in the first half of the year, reflecting the predominance of state-owned big lenders in the latest round of credit boom as a result of loose monetary policy. The net profit ...

    http://www.scmp.com/article/689982/profits-mid-sized-banks-drop-state-owned-giants-dominate
  5. Bosses of state-owned companies barred from share sales to family

    Posted Apr 18th 2009, 12:00am by Staff Reporter

    ... eroding. The State-owned Assets Supervision and Administration Commission said yesterday executives should sell shares in the units of state companies to the state-owned parents. The price should ... the shares illegally to return dividends to the companies. On the mainland, managers at the state-owned firms are viewed as government officials and top bosses could be promoted to government posts, ...

    http://www.scmp.com/article/677165/bosses-state-owned-companies-barred-share-sales-family
  6. Bosses of state-owned firms urged to take pay cuts

    Posted Feb 14th 2009, 12:00am by Fiona Tam

    ... Fiona Tam Shenzhen's mayor has urged the bosses of state-owned firms in the city to volunteer for pay cuts and freeze bonuses after the sector reported double-digit declines in key ... by 10 to 18 per cent year on year in December. Officials said the slowing global economy had, for the first time in decades, shrunk profit margins at state-owned firms that operated power ...

    http://www.scmp.com/article/669941/bosses-state-owned-firms-urged-take-pay-cuts
  7. Declining earnings trigger pay cuts at state-owned companies

    Posted Jan 28th 2009, 12:00am by Staff Reporter

    ... Neil Gough Senior officials at the mainland's biggest state-owned companies face the prospect of fewer- and slimmer- red envelopes this year, as falling earnings trigger pay cuts and Beijing calls for financial sector compensation to be controlled. Senior management at state-owned financial firms such as Industrial and Commercial Bank of China, Bank of China, China ...

    http://www.scmp.com/article/668185/declining-earnings-trigger-pay-cuts-state-owned-companies
  8. Profits at state enterprises decline 42pc

    Posted Apr 25th 2009, 12:00am by Charlotte So

    ... Charlotte So Earnings of top state-owned enterprises dropped 42 per cent year on year in the first three months to 119.5 billion yuan (HK$135.66 billion), narrowing from 53 per cent in the first two months, the State-owned Assets Supervision and Administration Commission said yesterday. Sales in 138 major state enterprises fell 9 per cent to 2.36 trillion yuan in the first quarter ...

    http://www.scmp.com/article/678023/profits-state-enterprises-decline-42pc
  9. Crisis finds state enterprise earnings declining 43.7pc in first two months

    Posted Mar 25th 2009, 12:00am by Kandy Wong

    ... Kandy Wong State-owned enterprises saw their total profits slump 43.7 per cent in the first two months from the same period last year to a combined 121.7 billion yuan (HK$138.11 billion) ... announced in November. State-owned enterprises have posted falling profits for five consecutive months since the second half of last year, leading to a drop in revenue for the government. Finance ...

    http://www.scmp.com/article/674530/crisis-finds-state-enterprise-earnings-declining-437pc-first-two-months
  10. Beijing asks state firms to account for futures deals

    Posted Mar 25th 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland's state asset regulator has ordered state-owned companies to carry out a thorough check on their futures trading accounts, as it vowed to tighten supervision and reduce risks amid the global financial market turbulence. The State-owned Assets Supervision and Administration Commission (Sasac) is requiring the major state companies to file ...

    http://www.scmp.com/article/674529/beijing-asks-state-firms-account-futures-deals

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