Wednesday, January 20, 2021
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Tag: SOE

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...

SOE Mixed Ownership Reforms Accelerate, Employee Shareholding on the Agenda

China's mixed-ownership reforms of state-owned enterprises are on track to further expand at the group level, as well as conduct further trials of employee...

SOE Mixed-ownership Trials Will Press Ahead in 2018: SASAC

The head of China's State-owned Assets Supervision and Administration Commission says that mixed-ownership trials of state-owned enterprises in key areas will forge ahead in...

Deleveraging of SOE’s Not Designed to Reduce Their Economic Role: Xinhua

Chinese official media reports that state-owned enterprises will remain at the core of Beijing's ongoing deleveraging campaign, and that reductions in their debt levels...

Jiusan Society Calls for Tax on Vacant Properties and Estate Tax Trials

China's Jiusan Society has called for the accelerated establishment of new property taxes as well as trials of estate taxes. The Jiusan Society (九三学社), one...

Central State-owned Enterprises Post Double-Digit Earnings, Profit Growth in 2017

The latest official data points to double-digit growth in both earnings and profits for China's central state-owned enterprises in 2017. Figures released at the Central...

Local State-owned Enterprises Included in Third Round of Mixed-ownership Reforms

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 On...

Acceleration of State-owned Enterprise Reforms Aims to Create World-Class Companies

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. The report for the...

Mixed-ownership Reform of Local State-owned Enterprises Set to Accelerate in 2018

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...

Debt-Equity Swap Agreements Exceed 1.3 Trillion Yuan a Year After Deleveraging Launch

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...

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Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....