Thursday, April 15, 2021
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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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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...