Several of the 31 state-owned enterprises slated for inclusion in the third around of mixed-ownership reforms have been revealed by domestic press reports, as the authorities gear up to approve the new plan.
A new study from the Paulson Institute points out that Beijing’s efforts to expand the control of the Chinese Communist Party over state-owned enterprises is likely to have a regressive impact upon corporate governance reforms.
China’s first two rounds of mixed-ownership reforms involving a total of 19 state-owned enterprises is expected to attract around 300 billion yuan (approx. USD$45.36billion) in capital.
China’s State Council has announced that it will use a chunk of state-owned enterprise (SOE) equity to fill in the sizeable gaps in the country’s pension funds.
China is accelerating reform of its state-owned enterprise sector, with finalisation of the list of government companies for the third round of mixed-ownership trials
A slew of state-owned enterprises (SOE’s) have been suspended from trading in the lead up to the third round of mixed-ownership reforms.
The Chinese government has flagged further acceleration of mixed-ownership reforms of state-owned enterprises (SOE’s), with the goal of producing globe-bestriding conglomerates.
A total of 32 regional listed state-owned enterprises have been suspended from trading as the China makes preparations for accelerated mixed-ownership reforms of government concerns in 2018.
A year following the launch of debt-equity swaps by the central government as a key vehicle for deleveraging of China’s state-owned enterprises, the total scale of related agreements has risen to over 1.3 trillion yuan (USD$200 billion).
Central state-owned enterprises have seen both revenues and profits rise to their highest levels since the 18th National Congress of the Chinese Communist Party that was held in November 2012.