On March 12, Xiao Yaqing. Chairman of the State-owned Assets Supervision and Administration Commission of theState Council (SASAC), urged centrally adminis- tered state-owned enterprises (SOEs) to strictly control...
Chinese grain and oil giants Chinatex Corp. and COFCO Corp. have merged follow- ing an announcement by the State-Owned Assets Supervision and Aclministration Commission of the State Council (SASAC) on July 15, Bot...
In a recent executive meeting of the State Council, Chinese Premier U Keqiang reiterated that reforming "zombie enterprises"needs to be hastened through mergers, reorganizations or withdrawal from business. This is ...
The Fortune China website published a list of the top 500 Chinese enterprises on July 14, which comprises the 500 largest public compa- nies in the country. Still topping the list are large state-owned enterprises (S...
According to the 2011 annual report of China National Offshore Oil Corp. (CNOOC), China's largest offshore oil producer, all executive directors of the board in CNOOC voluntarily gave up their salary, subsidy, welf...
Suzhou Industrial Park (SIP) held a press conference on January 5 in Beijing where it signed cooperation agreements on seven projects, including the branch office building of CITIC Bank and Phase 2 facilities of Suzho...
According to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), a new state-owned capital operational budget system is to be established by the end of 2006 and put into prac...