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Profits of SOEs fall at slower rate in H1

Business | Macro-economy and policy
2009-7-22

THE decline in profits of China's centrally-administered state-owned enterprises continued in the first half, but at a slower rate, the SOE watchdog said yesterday. The 136 SOEs directly controlled by the central...

Central SOEs post smaller profit decline

Business | Asset management/M&A
2009-6-29

CHINA'S state-owned enterprises administered by the central government posted a smaller decline in profit as a stimulus package gave a boost to their financial performance. The 138 central SOEs reaped a profit...

Profits at SOEs rebound in March on measures

Business | Macro-economy and policy
2009-4-20

CHINA'S centrally administered state-owned enterprises rebounded in March when profits rose 26 percent from a year ago, an official with the state assets watchdog said yesterday. Profits in the first two months...

Data release

Business | Asset management/M&A
2009-2-13

CHINA'S state assets supervisor said in a notice yesterday that it would accept requests, effective immediately, from individuals and institutions for data about state-invested companies to promote transparency. The...

Major local SOEs plan salary cuts amid crisis

Business | Asset management/M&A
2009-2-2

NINE major local state-owned companies, including Shanghai Automotive Industry Corp (Group), have announced measures such as cutting executives' salaries in the face of a financial crisis. "Executives should share...

Official's fatal fall said to be a suicide

Metro
2009-1-1

A HIGH-RANKING state assets management official in Shanghai's Huangpu District died in a plunge from her 20th-floor apartment yesterday morning that an acquaintance said was suicide. Police last night were...

Monitoring system to ensure state assets are safeguarded

Business | Asset management/M&A
2008-12-26

CHINA will rev up efforts to set up a monitoring system over big shareholders of listed government-owned companies to safeguard state assets, a senior official said yesterday. The government asset watchdog will...

SOEs' earnings tumble 26%

Business | Asset management/M&A
2008-12-17

CHINA'S centrally-administered state-owned enterprises suffered a 26-percent tumble in their profits in the first 11 months of this year to 683 billion yuan (US$99.7 billion), the State-owned Assets Supervision and...

China to inject US$8b into state-owned companies

Business | Macro-economy and policy
2008-11-27

CHINA will offer support worth 54.78 billion yuan (US$8 billion) to companies directly controlled by the central government in a bid to help them counter a global economic recession. About 49 percent of the money,...

Rules curb investment for SOE employees

Business | Macro-economy and policy
2008-10-9

EMPLOYEES of state-owned enterprises have been barred from holding stakes in parts of their own companies, under rules issued by China's state-owned assets regulator yesterday. Employees holding middle-management...