Friday, January 22, 2021
Tags SOE's

Tag: SOE's

State-owned Enterprise Profitability Sees Sharp YoY Rise for January-April

The latest data from the Ministry of Commerce points to a sharp rise in the profitability and repayment capability of China's state-owned enterprises (SOE's)...

Boards to Appoint CEO’s of China’s Central State-owned Enterprises

The Chinese government has signalled key changes to the appointment process for the CEO's of the country's central state-owned enterprises. On 22 January the official...

Central State-owned Enterprises Targeted for Overcapacity Reductions in Four Key Industries

China's reforms of its central state-owned enterprises will focus on output reductions in the four key industries of non-ferrous metals, shipbuilding, oil refining and...

Total State-owned Enterprise Profit Rises 23.1% YoY for Jan – July Period

The total profits of China's state-owned enterprise sector have seen a year-on-year increase of 23.1% for the first seven months of 2017. According to the...

China Launches Reform of 8 Trillion Yuan in Central State-owned Enterprise Assets

The Chinese government has launched reforms of its vast central state-owned enterprise sector with the release of the "Central State-owned Enterprise System Reform Work...

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...

Xi Jinping Singles Out State-owned Enterprises for Deleveraging

Remarks made by President Xi Jinping at the National Financial Work Conference last weekend point to a stepping up of efforts to deleverage China's...

China’s Central State-owned Enterprises Rack Up 200bn Yuan in False Revenue

China's National Audit Office has revealed widespread fabrication of performance results amongst the vast majority of the country's leading state-owned enterprises, which one expert...

China Unicom Leads 2nd Round of Mixed Ownership SOE Reforms

The second round of mixed-ownership trial reforms of China's central state-owned enterprises is waiting eagerly in the wings, led by telecommunications giant China Unicom. According to China...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.