Tuesday, January 26, 2021
Tags Chinese state-owned enterprises

Tag: Chinese state-owned enterprises

Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies

The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...

China Curbs Diversified Operations and Affiliate Transactions of State-owned Financial Institutions

China's Ministry of Finance (MOF) has issued a new directive to clean-up the operations of state-owned financial enterprises due to concerns over...

Financial Stability and Development Committee Warns of More Bond Defaults to Come Following Yongcheng Coal Debacle

One of China's top financial authorities says that further bond defaults will follow on the heels of Yongcheng Coal's failure to make...

SASAC Calls for Strategic Investors to Take 5% + Stakes in China’s State-owned Enterprises

China's state-owned assets regulator is pushing for strategic investors to expand their equity stakes in the country's listed state-owned enterprises (SOE).

Beijing Set to Unveil New Mixed-ownership Reforms of China’s State-owned Enterprises Before November

The Chinese central government is on track to launch a raft of new policies to accelerate reforms for the mixed-ownership of state-owned...

SASAC Bans Speculation Using Financial Derivatives by Central State-owned Enterprises

China's State-owned Assets Supervision and Administration Commission (SASAC) has issued new rules governing the financial activities of state-owned enterprises (SOE).

China Construction Bank Enters Poverty Alleviation Agreements with Central State-owned Enterprises

One of China's big four state-owned banks has just executed a slew of agreements with central state-owned enterprises (SOE's) for cooperation in...

Mixed Ownership Reforms Bring Social Capital to Two Thirds of Central State-owned Enterprises

The State-owned Assets Supervision and Administration Commission (SASAC) has touted the progress of China's mixed-ownership reforms of its state-owned enterprise (SOE) sector....

Fourth Round of Mixed Ownership Reforms to Encompass 160 State-owned Enterprises, 2.5T Yuan in Assets

The fourth round of mixed-ownership reforms of China's state-owned enterprises (SOE) are set to involve at least 160 enterprises and more than...

Fourth Round of SOE Mixed-ownership Reforms to Encompass over 100 Companies

The next round of trial mixed-ownership reforms of Chinese state-owned enterprises (SOE) is expected to involve at least 100 companies according to...

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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...