Tuesday, October 20, 2020
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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...