Tuesday, May 18, 2021
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Tag: SASAC

SASAC Flags Bigger Role for Both Party and Boards at Central State-owned Enterprises

Increasing the role of the board of directors sit at the top of the reform agenda for China's central state-owned enterprises in 2018, alongside shoring...

Central State-owned Enterprises Post 19.1 Trillion in Revenue for First Three Quarters of 2017

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...

Beijing Wants Foreign Capital to Invest in State-owned Enterprise Reform

Beijing will further encourage the participation of foreign capital in structural and mixed-ownership reforms of China's vast state-owned enterprise sector according to the latest...

Beijing Accelerates Deleveraging of State Owned Enterprises with Debt-Equity Swaps

The State-owned Assets Supervision and Administration Commission (SASAC) has said that it is accelerating the use of market-based debt-equity swaps as a key tool...

SASAC Will Slash Central State-owned Enterprises from 106 to Just Over 80

China's State-owned Assets Supervision and Administration Commission is working on plans to reduce the number of central state-owned enterprises from over 100 to just...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...