Tuesday, June 30, 2015   

6 state-owned enterprises to undergo reforms
(07-15 16:35)

Six big state-owned enterprises (SOEs) will pilot reforms in ownership, management and supervision, Chinese authorities announced on Tuesday.
The companies are State Development & Investment Corporation (SDIC), China National Cereals, Oils and Foodstuffs Corporation (COFCO), China National Building Materials Group (CNBM), China Energy Conservation and Environmental Protection Group (CECEP), Xinxing Cathay International Group (XXCIG) and China National Pharmaceutical Group (Sinopharm), according to the State-owned Assets Supervision and Administration Commission (SASAC).
"State-owned asset investment companies" will be "reorganized" based on the SDIC and COFCO on a trial basis. Mixed-ownership pilot reforms will be carried out at Sinopharm and CNBM, said Peng Huagang, a SASAC senior official at a press conference.
A more effective system of board of directors will be set up at XXCIG, CECEP, Sinopharm and CNBM, and "disciplinary inspection teams" will be sent to another two or three unnamed SOEs, Peng said. --Xinhua   
Other China breaking news:
Beijing explores tech cooperation with EU (06-29 16:02)
Girl dies from burn injuries at Taipei water park disaster (06-29 15:58)
Premier Li prepares for talks with EU leadership (06-29 15:47)
Founders sign legal framework for Beijing-backed bank (06-29 12:55)
Beijing scoffs at US hacking claims (06-26 19:21)
38 Lufeng city drug convicts sentenced in public show of force (06-26 17:19)
Wang Yang says he feels at home in Cuba (06-26 16:05)
Billions from state lottery fund embezzled (06-26 15:35)
Blue Note sounds out Beijing (06-26 14:05)
Sell-offs drag down Asia equities for second day (06-26 13:32)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.