Monday, January 25, 2021
Tags Chinese state-owned enterprise

Tag: Chinese state-owned enterprise

China Establishes $30 Billion Fund for State-owned Enterprise Mixed-ownership Reforms

China has just seen the launch of a new fund in Shanghai to support state-owned enterprise (SOE) mixed-ownership reforms.

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...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...