State-Owned Assets Supervision and Administration Commission of the State Council

Go-ahead for private investment in SOEs

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

Workshop mulls plan for super watchdog

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

Talking points

Our editors will be looking ahead today to these developing stories ...

Spotlight on CY Leung at new HQ's first Exco meeting

20 Sep 2011 - 12:00am

State-owned firms told to shun overseas derivatives

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

Steel firm boss fired after damning audit

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

Jobs for boys at state companies

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

Rising costs hit profits at state-owned firms in first quarter

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

State industries post 55pc surge in profits

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

Reforms to make SOEs world class, Li says

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

China by the numbers: data to suit a political agenda

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

Sasac companies post strong growth

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 halts sale of land for residential sites

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

Leaders may huff and puff, but market shows who's boss

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

SOEs told to quit property market

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

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

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