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  • November 23, 2014
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Results 1 - 10 of 10 for state-owned enterprises

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  1. Growing pains manifest in mainland markets last year

    Posted Jan 01st 2005, 12:00am by Elaine Chan

    ... investor interests. Public firms now require the approval of more than half their minority shareholders to effect capital restructuring or major transactions. All state-owned enterprises must now ... inefficient state-owned enterprises, including a debt-equity share swap scheme allowing parent companies of listed firms to pay off debt to a listed unit with shares. Agencies controlled by the State ...

  2. Beijing plans clampdown on illegal sales of state assets

    Posted Mar 15th 2005, 12:00am by Elaine Chan

    ... medium to small sized state-owned enterprises (SOE), according to media reports. Managers will also be banned from buying out assets or using acquired assets as collateral to raise funds ... the pace of privatisation. The State-owned Assets Supervision and Administration Commission (Sasac), which controls more than 180 of the country's biggest SOEs with assets worth 9.2 trillion ...

  3. China widens state-share sale scheme

    Posted Jun 01st 2005, 12:00am by Elaine Chan

    ... the reforms'. No companies were named in the document. Fund managers and analysts said bringing in large state-owned enterprises would complete the reform picture. 'Reforms need to be thorough... ... capitalisation. The guidelines, issued by the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission, cautioned that reforms must be made under ...

  4. Safety troubleshooter savours new role

    Posted Mar 07th 2005, 12:00am by Elaine Chan, Eric Ng

    ... will require a different tack, although he became familiar with the problems facing the mainland's languishing state-owned enterprises while at Sasac. 'I've worked for businesses ... of the people,' he said. 'Previously, at Sinopec [China Petroleum and Chemical Corporation], I had to bear economic, legal and societal responsibilities. 'At Sasac [the State-owned Assets ...

  5. Air-conditioner maker Chigo dreams of becoming world's biggest

    Posted Feb 18th 2005, 12:00am by Elaine Chan

    ... square metre site in the dusty district of Nanhai in Foshan that will house production lines, spare parts factories and offices. Chigo is one of China's burgeoning private enterprises- a growing economic force in the country's freewheeling south- but ironically, it still has the flavour of a state-owned enterprise. For starters, the company provides more than 2,000 flats ...

  6. Quest for magic bullet a failed strategy

    Posted Jul 11th 2005, 12:00am by Elaine Chan

    ... Supervision and Administration Commission (Sasac) to raise the stakes and put large state-owned enterprises up for the scheme. 'By bringing some of these blue-chip enterprises into the picture, ... Inability to revive mainland markets shows regulator cannot impose a remedy on its own, writes Elaine Chan Early last month, China's biggest state-owned companies and central ...

  7. Homegrown giant shoots for the stars

    Posted Jul 28th 2008, 12:00am by Elaine Chan

    ... be a state-owned enterprise,' he said. The misconception explains why Mr Ma's 66 million yuan income became such an issue, even though it is below other global chief executives' pay. ... Hong Kong and Shanghai-listed Ping An has in two decades grown its assets from 45 million yuan to 700 billion yuan. It is also China's first non-state-owned firm to make it to the Fortune ...

  8. Sany sweetens its compensation to small shareholders

    Posted Jun 02nd 2005, 12:00am by Elaine Chan

    ... as state-owned or legal-person shares, was aborted in 2001 after the scheme prompted panic selling on the stock markets. Additional reporting by Helen Wu and Kristine Kwok ... Shanghai Zi Jiang Enterprise Group, Tsinghua Tongfang and Hebei Jinniu Energy & Resources- have been small firms with relatively simple shareholding structures. The second batch was likely ...

  9. China bites bullet by floating all its shares

    Posted Aug 25th 2005, 12:00am by Elaine Chan

    ... legal-person A shares owned by foreigners. Foreign-invested enterprises and foreign-invested listed mainland banks would be able to offload their non-tradable stock only after the share reform plan had ... to ease a prolonged stock-market slump. Agencies under the State Council issued a statement which outlined a programme to convert US$270 billion of mostly state-held shares to tradable stock, ...

  10. Patience pays off for Thai family business

    Posted Sep 20th 2005, 12:00am by Elaine Chan

    ... private entrepreneurs, whose business culture was a far cry from state-owned rivals. Mr Dhanin would know, himself the son of a Chinese immigrant from Guangdong. His father, Ek Chor, and uncle ... is the network that drives enterprises. Our investments have been sowed. We pumped a lot into infrastructure... It's about time for harvest.' ...



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