·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
 
Corporate reform of China's central SOEs mostly complete
 
Date:2018-04-25  Source:Xinhua
 Almost all of China's central state-owned enterprises (SOEs) have been transformed into limited companies or corporations, according to the country's top SOE regulator.

China's central SOEs were once publicly owned, without shareholders. The corporation system introduces shareholders, which helps define operation responsibilities and make enterprises into independent market economy players.

A majority of the 60-plus central SOEs and about 2,500 central SOE subsidiaries have finished or are undergoing the transformation.

"This is a historic breakthrough in China's SOE reform. It paves the way for further reforms such as equity diversification and mixed ownership," said Peng Huagang, spokesperson for the State-owned Assets Supervision and Administration Commission (SASAC).

The reform helped trim over 8,300 redundant central SOE branches and saved management capital worth 13.5 billion yuan (2.14 billion U.S. dollars), SASAC data showed. 

   Print   To Top    Close  
0

Related Articles

Chinese researchers develop online database for dog research
Chinese universities perform well in global rankings for computer science, en...
Fossilized baby dinosaurs reveal cause of mysterious death
China develops AI radar for underground space detection in cities
Bulk of southern China was under sea about 400 mln years ago
Chinese medical device manufacturers display core technologies in U.S.
Chinese drone company to establish 1st European research center in France
China opens astronomical science popularizing base in Qinghai-Tibet Plateau
Chinese science union speaks out against unethical biotech applications
Shanghai and Baidu to cooperate on AI development
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280