State-Owned Assets Supervision and Administration Commission of the State Council
Beijing has given the all-clear for a long-awaited plan to break the monopoly of government-controlled industrial giants, putting out a guideline that encourages private investment in state-owned enterprises (SOEs).Saturday, 26 May, 2012, 12:00am
Top financial regulators and economic policymakers at a work conference are expected to formulate a framework for a mega watchdog to oversee the mainland's state-owned financial firms.
But the struggle for power among the different regulatory bodies is likely to remain a stumbling block, dashing any hope of an imminent launch of a 'super regulator'.7 Jan 2012 - 12:00am
Our editors will be looking ahead today to these developing stories ...
Spotlight on CY Leung at new HQ's first Exco meeting20 Sep 2011 - 12:00am
China's state-owned companies have been banned from speculating in overseas financial derivatives because of fears about the losses they could incur.
New central government rules came into effect yesterday that oblige companies to tighten oversight of overseas operations.2 Jul 2011 - 12:00am
Huang Tianwen - the general manager of Sinosteel Corporation, the largest iron ore trading company on the mainland - has been sacked after state auditors found financial irregularities.18 May 2011 - 12:00am
More than 40 per cent of top business executives at major state-owned enterprises hired in the past eight years by the central government's Global Talent Hunt were internal applicants.
Analysts say the finding raises concerns of potential nepotism and mismanagement of state assets.17 May 2011 - 12:00am
Profit growth among the mainland's major state-owned companies slowed in the first quarter as rising costs, austerity measures and a tightening of bank lending continued to affect the nation's industrial giants.21 Apr 2011 - 12:00am
The latest profit figures from 128 central government-controlled mainland enterprises, including the parents of China Mobile and Agricultural Bank of China, show a 55 per cent rise over the first three quarters, underlining the mainland's robust economic growth.23 Oct 2010 - 12:00am
The mainland's state-owned enterprises would be among the world's best companies in seven to 10 years, Li Rongrong said yesterday in his first public appearance since retiring as the head of the country's SOEs last month.15 Sep 2010 - 12:00am
Outsiders are fond of studying the mainland by the numbers. Every day tonnes of data are churned out for you to understand this country.
So how good are you with numbers from the mainland? Take a test.7 Aug 2010 - 12:00am
State-owned enterprises under the State-owned Assets Supervision and Administration Commission (Sasac) reported strong double-digit growth in revenue and profits for the first four months.
However, President Hu Jintao has stressed the mainland's recovery remained fragile and restructuring the economy was an urgent task.20 May 2010 - 12:00am
Beijing has ordered a halt to the sale of residential land sites until the central government announces the land supply plan for government-subsidised housing next month.
The order, from the Ministry of Land & Resources, is part of the central government's campaign to slow soaring land and property prices.24 Mar 2010 - 12:00am
There couldn't be a better crash course in China's power game than what we've witnessed in the past two weeks.
On March 5, Premier Wen Jiabao sternly declared in his government report to the country's top legislature: 'We will resolutely curb the precipitous rise of housing prices in some cities and satisfy people's basic need for housing.'20 Mar 2010 - 12:00am
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 Supervision and Administration Commission (Sasac), is intended to rein in runaway property prices.19 Mar 2010 - 12:00am
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.22 Jul 2009 - 12:00am