A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] Big-ticket investments in new equipment by China’s centrally administered State-owned enterprises will create fresh growth points for both domestic private firms and foreign companies alike, said experts and business leaders, stressing that all participants share entwined interests and great economic … Continue reading Big-ticket SOE buying boon for foreign firms
Tag: soes
Striking a balance in support extended to SOEs, other enterprises
Employees of China State Construction Engineering Corp work on a highway project in Wuhan, Hubei province, in January 2023. [Photo/CHINA DAILY] If you pay close attention to what Liu Junhai, a professor and head of commercial law at Renmin University of China in Beijing, has to say on China’s efforts to enact a new law … Continue reading Striking a balance in support extended to SOEs, other enterprises
China sets up special fund worth 30b yuan to revitalize SOEs’ land assets
An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY BEIJING – China held a founding ceremony on Friday marking the official establishment of a special fund to revitalize the land assets of state-owned enterprises (SOEs). Approved by the State-owned Assets Supervision and Administration Commission of the State Council, … Continue reading China sets up special fund worth 30b yuan to revitalize SOEs’ land assets
SOEs set roadmap for rapid transformation
Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. [Photo/Xinhua] At the Shanghai Haitong International Automotive Terminal in Waigaoqiao area in late May, nearly 2,000 electric vehicles were being driven onto a car carrier. These vehicles, produced by State-owned carmakers SAIC Motor and Chang’an Automobile Co, are scheduled … Continue reading SOEs set roadmap for rapid transformation
SOEs told to limit involvement in financial institutions
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] China’s centrally administered State-owned enterprises will be prohibited from establishing, acquiring or taking new stakes in financial institutions, according to information released by the country’s top State-owned assets regulator on Tuesday. As part of efforts to enhance the regulatory … Continue reading SOEs told to limit involvement in financial institutions