SASAC

China’s State-Owned Enterprises Post Nearly 21% Profit in Q1 in Sign of Improved Performance

China’s State-Owned Enterprises Post Nearly 21% Profit in Q1 in Sign of Improved Performance

China’s State-Owned Enterprises Post Nearly 21% Profit in Q1 in Sign of Improved Performance. China’s state-owned enterprises maintained a…

Apr 16, 2018
Liu Qing
China’s SOEs to Join Import Expo, Seek Overseas Partners, SASAC Says

China’s SOEs to Join Import Expo, Seek Overseas Partners, SASAC Says

China’s central government-owned enterprises will  take an active part in the China International Import Expo to be held in Shanghai in November and will organize…

Apr 16, 2018
Tang Shihua
China Greets Foreign Firms’ Joining In Mixed-Ownership Reform, Pledges to Protect Investors

China Greets Foreign Firms’ Joining In Mixed-Ownership Reform, Pledges to Protect Investors

China welcomes foreign firms’ participation in the mixed-ownership system of state-owned enterprises and will protect the interests of all investors,…

Mar 12, 2018
Xu Wei
China’s Non-Financial SOEs Post Highest Profits in Five Years

China’s Non-Financial SOEs Post Highest Profits in Five Years

With steady economic growth and improvement in various industries, China’s 98 non-financial state-owned enterprises under the direct administration of the…

Jan 17, 2018
Xu Wei
Firms Have Entered Debt-to-Equity Swap Agreements Worth Over USD66.6 Billion, SASAC Accountant Says

Firms Have Entered Debt-to-Equity Swap Agreements Worth Over USD66.6 Billion, SASAC Accountant Says

Some 36 central state-owned enterprises intend to carry out market-oriented debt-to-equity swaps, and 14 firms have entered into debt-to-equity swap…

Oct 13, 2017
Xu Wei
Central SOE’s Profit Growth in First Three Quarters Hit Highest Level Since 2012, SASAC Says

Central SOE’s Profit Growth in First Three Quarters Hit Highest Level Since 2012, SASAC Says

China’s central state-owned enterprises saw total profits increase 18.4 percent annually to CNY1.11 trillion (USD168.3 billion) in the first three…

Oct 12, 2017
Xu Wei
China’s Central SOEs Have Overachieved in Effort to Reduce Excess Capacity, SASAC Says

China’s Central SOEs Have Overachieved in Effort to Reduce Excess Capacity, SASAC Says

China’s central state-owned enterprises in the steel and coal industries have overachieved in their bid to cut excess capacity, Xiao…

Sep 28, 2017
Xu Wei
Revenues, Profits at Central SOEs Surge in First Eight Months of the Year, SASAC Says

Revenues, Profits at Central SOEs Surge in First Eight Months of the Year, SASAC Says

Business revenue and total profits at China’s central state-owned enterprises increased annually by 15.7 percent and 17.3 percent in January…

Sep 28, 2017
Tang Shihua
China’s State-Owned Asset Overseer Urges Central Enterprises to Avert Bond Defaults, Lower Leverage

China’s State-Owned Asset Overseer Urges Central Enterprises to Avert Bond Defaults, Lower Leverage

The State-Owned Assets Supervision and Administration Commission (SASAC) is responsible for debt-related risk management at enterprises directly under the central government (central enterprises).

Aug 31, 2017
Xu Wei
State-Owned Chinese Mining Firm, Power Producer Merge as Country Looks to Cut Back on SOEs

State-Owned Chinese Mining Firm, Power Producer Merge as Country Looks to Cut Back on SOEs

With approval from China’s Cabinet, the State Council, China Guodian Corp. and Shenhua Group Corp. have merged and reorganized as…

Aug 28, 2017
Xu Wei
SOEs' Stable Production Rises Create Record High Income and Profits in the First Half, SASAC Says

SOEs' Stable Production Rises Create Record High Income and Profits in the First Half, SASAC Says

Central Enterprises produced and operate stably and maintained growth in the first half, and have racked up a new record high for both income and profits.

Jul 12, 2017
Yicai Global
China’s State-Owned Asset Supervisor Says It Won’t Hamper Enterprises’ Autonomy

China’s State-Owned Asset Supervisor Says It Won’t Hamper Enterprises’ Autonomy

The State-owned Assets Supervision and Administration Commission will minimize direct interference in companies’ internal reorganizations and will stop regulating holders…

May 11, 2017
Yicai Global