Sunday, October 25, 2020
Tags Chinese state-owned enterprise

Tag: Chinese state-owned enterprise

Ctrip Obtains Payments License via Acquisition of State-owned Propaganda Firm in Shanghai

Online travel booker Trip.com Group Limited (formerly Ctrip.com) has just obtained full ownership of a fintech vehicle previously held by the propaganda...

Utilisation Rate of Central State-owned Enterprise Subsidiaries Exceeds 80% During Coronavirus Containment

China's state-owned enterprises are pushing for the resumption of work and production amidst efforts to contain the spread of the novel coronavirus....

State Media Outlines Eight Key Missions for State-owned Enterprise Reforms in 2020

The state-operated Economic Information Daily has highlighted eight key missions in 2020 for China's ongoing reform of its state-owned enterprise (SOE) sector....

11 Central State-owned Enterprises Select for Reform of State-owned Asset Investment Companies

Beijing has selected 11 central state-owned enterprises (SOE's) to implement "upgrade" reforms of state-owned asset investment companies. According to a report from Economic Information Daily trials...

State-owned Assets Regulator Signals Fourth Round of Mixed-ownership Reforms

Recent actions on the part of the state-owned assets regulator have been interpreted by China's official media as signalling the launch of a fourth...

Mixed-ownership Reforms of State-owned Enterprises to Increase in Vigour and Depth: SASAC

Beijing has signalled that ongoing mixed-ownership reforms of China's state-owned enterprises are on track to increase in intensity. Weng Jieming (翁杰明), vice-chair of the State-owned...

Let China’s State-owned Enterprises Become Independent Market Actors: SASAC

China's State-owned Assets Supervisory and Administrative Commission (SASAC) claims that the government is impartial in its treatment of the country's immense state-owned enterprise sector,...

Beijing Stresses Market Value Management for State-owned Enterprises

The Chinese central government has emphasised the need for market value management of listed state-owned enterprises (SOE's) in the wake of far-reaching mixed-ownership reforms. A...

State-owned Enterprises Post 16.7% YoY Rise in Total Profits for First Quarter

The latest official data from the Ministry of Finance points to accelerating profit growth at China's state-owned enterprises in the first quarter of 2018. Figures...

SASAC Denies that China’s State-owned Enterprises Are Too Strong

The head of the State-owned Assets Supervision and Administration Commission (SASAC) has rebuffed claims that China's state-owned enterprises (SOE) are too large or wield...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...