Return of the shareholder

Credit Suisse is hoping a major overhaul will jolt the interests of shareholders and bankers back into alignment. Photo: Reuters

Credit Suisse Group chief executive Brady Dougan said pay for bankers was still outpacing shareholder returns, a dynamic that would change once the bank completed an overhaul of its business model.

Thursday, 21 March, 2013, 5:20am

China's government restructure won't succeed without limits on state power

China's Vice Premier Ma Kai. Photo: Reuters

Compared with the six previous overhauls of China's ministries, the reform this time appears to be more low-profile and pragmatic. Also absent were the fierce ideological debates of the past, on the relationship between government and market, big or small government, institutional reform versus systemic reform, and the ills of bureaucratic thinking.

21 Mar 2013 - 2:50am

Unwieldy agency name speaks volumes about Beijing's bloat

The State Administration of Radio, Film and Television (Sarft) and the General Administration of Press and Publications (GAPP) are merged into State General Administration of Press, Publications, Radio, Film and Television. Photo: Xinhua

The cumbersome, 14-character name initially announced last week for the mainland's new press and broadcasting administration, was widely criticised, with detractors quickly seizing upon its length as a metaphor for the bloated bureaucracy.

17 Mar 2013 - 2:21am 1 comment

China's scandal-hit railways ministry to be axed in government revamp

The Railway Ministry in Beijing. Photo: Simon Song

The ministry, which survived the last cabinet overhaul in 2008 only to become mired in scandal, would have its responsibilities split between the Transport Ministry and a new China Railways Corporation, State Council secretary general Ma Kai told the National People's Congress in Beijing.

11 Mar 2013 - 8:29am

Reporter nearly sacked for exclusive on railway reforms vindicated

A vindicated Wen Shuping awoke yesterday to many phone calls from her friends in the media, telling her that the Railways Ministry was at last going to be dismantled, with its administrative and commercial functions divided up.

11 Mar 2013 - 6:06am

Merger of media regulator and censor, but no culture super-ministry

Ma read out the report on the Cabinet's plan to streamline government ministries, creating a super-agency to regulate the media and realigning other bureaucracies in a bid to boost efficiency. Photo: AP

The proposal, made yesterday for consideration by the National People's Congress, would see the State Administration of Radio, Film and Television (SARFT) combine with the General Administration of Press and Publication (GAPP) to create a new broadcast and press administration.

11 Mar 2013 - 6:06am

Railways operator will no longer be its own regulator

The gate to the Railways Ministry (background) remains open, for now, but the ministry faces dissolution. Photo: Simon Song

Under the proposal released by the State Council yesterday, day-to-day operations and the planning of future railways would be spun off to a new China Railway Corporation, while regulatory oversight would be handed over to an expanded Transport Ministry.

11 Mar 2013 - 6:06am

Reform of energy policymaking less radical than expected

Reform of energy policymaking less radical than expected

The State Electricity Regulatory Commission (SERC) will be folded into the National Energy Administration (NEA), the State Council said, as it set aside a proposal for a more dramatic shake-up in the energy sector.

11 Mar 2013 - 6:30am

New ministry needed to map out reforms

Wang Yang. Photo: Simon Song

"In fact, reforms are aimed at cutting off pieces from one's own body." Wang Yang's words may sound sadistic but they encapsulate the enormous challenges and difficulties the mainland leadership has in pushing ahead with any major reform - political, economic or social.

11 Mar 2013 - 5:45am

State Council reorganises health and family planning roles in name of efficiency

Huang Jiefu. Photo: Sam Song

The functions of the Health Ministry and some of those of the Population and Family Planning Commission will be merged and a new food and drug safety regulator with ministerial-level status formed, the State Council has announced.

11 Mar 2013 - 6:38am

Number of ministries expected to be reduced, streamlined by State Council

Ma Kai

The curtain is likely to be drawn on several decades-old ministries and agencies, while others are expected to be streamlined when State Council secretary general Ma Kai submits proposals to restructure cabinet bodies to the annual meeting of the National People's Congress today.

10 Mar 2013 - 6:56am

Breaking up the railways ministry would send the right signals

Liu Zhijun. Photo: AP

Finally, it seems the railways ministry may soon be restructured as part of a wider exercise by the Chinese government to streamline its ministries. Putting railway reform on the agenda of this year's meetings of the National People's Congress and the Chinese People's Political Consultative Conference will be highly significant.

7 Mar 2013 - 2:35am

Super ministries may not be the right answer for mainland China

Li Keqiang. Photo: EPA

It has become a ritual for new Chinese leaders to announce a shake-up of government in the name of streamlining bureaucracy and more importantly, to signal a fresh start.

4 Mar 2013 - 8:47am

Big-picture plan for arts academy

The HKAPA is fine-tuning its programme. Photo: Edward Wong

The Hong Kong Academy for Performing Arts (HKAPA) will create two colleges and open a Chinese opera school in a restructuring plan designed to steer it to international success, according to its "Strategic Planning Framework".

4 Mar 2013 - 5:08am 1 comment

New leaders finalise candidates for top posts, approve restructuring plan

Xi Jinping. Photo: Xinhua

The list, created at a three-day, closed-door meeting of the party's Central Committee that ended yesterday, is set to be rubber-stamped by lawmakers at next week's annual session of the National People's Congress, the ceremonial legislature.

1 Mar 2013 - 5:13am