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Results 1 - 10 of 553 for state-owned enterprises

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  1. News - China - POLITICS

    Bosses at China's state-owned enterprises face pay cuts of up to 50pc

    Posted Aug 20th 2014, 11:42pm by Staff Reporter

    ... Staff Reporter Xi's bold reform plan aims to shake up top management at major state-owned enterprises Pay cuts of 50pc to hit S.O.E. bosses Officials in charge of China's state-owned enterprises face pay cuts of up to 50 per cent and new job descriptions under a reform plan approved by President Xi Jinping. Xi said at a meeting on Monday that China needed to speed up ...

  2. In Brief

    Posted Jul 07th 2006, 12:00am by Staff Reporter

    ... new investment policy for state-owned enterprises A State Council commission has implemented a new policy to better manage investments and prevent an outflow of state capital, the China News Service reported. New management guidelines issued by the State-owned Assets Supervision and Administration Commission will govern investment in fixed assets, acquisition of intellectual ...

  3. State-owned firms to face faster cuts

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

    ... for the rest of the state-owned enterprises, they should either be sold off, contracted out or be incorporated into and merged with each other,' Mr Li was quoted as saying by Xinhua. He said the drastic reduction in state-owned enterprises was crucial in the country's drive to build a modern enterprise management regime and eventually achieve the goal of ownership diversification. ...

  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. Guangzhou graft fighters kept busy

    Posted Jan 24th 2006, 12:00am by Staff Reporter

    ... 14 which each involved at least 10 million yuan. But the only major cases covered by local media occurred within state-owned enterprises, rather than in government agencies. One ... revelation of national secrets', but did not disclose any details. Prosecutors investigated 313 government officials and state-owned enterprise leaders for corruption last year, up by 16.8 per ...

  6. Managers' inflated salaries come under fire

    Posted Aug 24th 2006, 12:00am by Staff Reporter

    ... Kevin Huang Senior staff at some loss-making state-owned enterprises in Guangdong are bleeding the firms dry, a research centre claims Senior managers of some state-owned enterprises ... up to 100 million yuan over several years even though the organisations were running at a loss. 'Some state-owned enterprises arbitrarily distribute the profits in the name of bonuses ...

  7. New rules issued on buyouts of state firms

    Posted Apr 15th 2005, 12:00am by Staff Reporter

    ... will bar the managers of large state-owned enterprises from acquiring a stake in the companies they run. The State-owned Assets Supervision and Administration Commission (Sasac) and the Ministry of Finance jointly issued regulations yesterday that encourage management buyouts at small- and medium-sized state-owned enterprises while ruling out such activities at large state-owned firms. ...

  8. 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 ...

  9. Guangdong free enterprise reigns

    Posted Jan 05th 2006, 12:00am by Staff Reporter

    ... economy had lagged behind Zhejiang and Jiangsu because the biggest contributors to Guangdong's economy had been state-owned enterprises. He said the top 50 companies in Guangdong were still state-owned enterprises such as electronics and telecommunications giant TCL and power firm Guangdian Group. 'At this stage of the development of Guangdong's economy at the mid to end point ...

  10. 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 ...




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