• Wed
  • Apr 16, 2014
  • Updated: 1:28pm

State-owned Enterprises

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.

Thursday, 3 April, 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

China's ailing economy needs a dose of Thatcherism with Chinese characteristics

As the world mourned the passing of former British prime minister Margaret Thatcher, remembered her belief in small government, free enterprise and monetarism, and her contribution to world prosperity, we should look at what today's China can learn from her legacy.

29 Apr 2013 - 1:07pm 1 comment

Shipping chief locks eyes on the top - not on bottom line

"As long as China Cosco is fully understood by party central and the State Council, it's enough for me" - Wei Jiafu, chairman, China Cosco, April 8

Finally, someone has spoken the truth. There can be no better person than Wei to uncover the lie of so-called state enterprise reform.

13 Apr 2013 - 4:51am

Boao forum panel hears calls for level playing field for private firms

The central government should intervene less in the private sector and concentrate on offering a level playing field for state-owned and private enterprises to maintain growth and investment, said participants at a panel discussion on the mainland economy at the Boao Forum for Asia in Hainan.

7 Apr 2013 - 7:14am 1 comment

Pages