• Fri
  • Aug 29, 2014
  • Updated: 12:24am

State-owned Enterprises

SOE chiefs could be next target of anti-graft campaign

State media have started to lambast the luxurious lives of senior executives at state-owned enterprises - an indication that President Xi will make them the next target of his anti-graft campaign.

Friday, 22 August, 2014, 9:06am 1 comment

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

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.

21 Aug 2014 - 9:08am 7 comments

Reform of state-owned enterprises crucial to improve quality of Chinese economy

A new round of state-owned enterprise reforms is gaining traction. On July 15, the State-owned Assets Supervision and Administration Commission (Sasac) unveiled four reforms to be implemented in six central-government-controlled state enterprises.

14 Aug 2014 - 3:18am 1 comment

After Citic, who’s next among Chinese state firms to take their mega deals to Hong Kong?

Investors are keenly watching for the next state-owned enterprise to follow in the wake of Citic’s ground-breaking restructuring, in which Citic Pacific will mount a US$36 billion reverse takeover of its parent.

3 Apr 2014 - 4:57am

Does the yuan matter?

The mainland's currency policy is not worth the attention it is getting. It is not at all important compared with other market distortions in the Chinese economy, and it is not even very important in how China affects the world economy.

25 Mar 2014 - 2:13am 6 comments

Sinopec stake sale signals move to privatise state-owned enterprises

The mainland's decision to sell a stake in a subsidiary of Sinopec signals more privatisation of its bloated state-owned sector will take place soon, with plans likely to be discussed at this week's parliamentary session, officials and experts said.

5 Mar 2014 - 1:12am

Why China cannot have a 'Lehman moment'

People are going to be discussing the flaws of Chinese finance for many years. Here's a helpful guide: as soon as you see or hear "China's Lehman moment" used seriously, stop paying attention.

25 Feb 2014 - 5:23am 4 comments

Beijing denies report private investors could buy 15 per cent of state-owned firms

Top Chinese regulators on Monday rushed to pour cold water over an official media report that the government would allow private investors to buy up to 15 per cent stakes in state-owned enterprises. 

11 Nov 2013 - 6:29pm

Lending adds increasingly less to Chinese GDP, pressuring Premier Li

The government's broadest measure of credit rose 58 per cent to a record 6.16 trillion yuan (HK$7.8 trillion) in the January-March period, when gross domestic product gained 7.7 per cent, compared with 8.1 per cent a year earlier. Each US$1 in credit firepower added the equivalent of 17 US cents in GDP, down from 29 cents last year and 83 cents in 2007, when global money markets began to freeze.

31 May 2013 - 3:49am

Danger signals as China's state sector leverage reaches new heights

If there is one lesson everyone learned from the 2008 crisis, it is that a rapid rise in leverage can signal the risk of an approaching financial crash.

9 May 2013 - 4:39am 2 comments