China’s top state-asset regulator has set targets for the country’s centrally administered state-owned enterprises (SOEs) this year, including achieving a profit growth rate above that of the national economic output. Addressing a press conference on Tuesday, Hao Peng, head of the State-owned Assets Supervision and Administration Commission (SASAC), said this year should see more investment .
China s Suning com says shareholders plan to sell up to 25% stake reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China s Suning com says shareholders plan to sell up to 25% stake reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
State capital optimization gets impetus By ZHONG NAN | China Daily | Updated: 2021-02-24 08:56 Share
Role-model companies set to foster country s high-quality growth efforts
China will accelerate the optimization of State capital and industrial restructuring during the 14th Five-Year Plan period (2021-25) and create role-model companies to foster high-quality growth, senior government officials said on Tuesday.
The government will promote the strategic reorganization and professional integration of centrally administered State-owned enterprises and divest their noncore, nonadvantageous and noncompetitive businesses during this period, said Hao Peng, chairman of the State-owned Assets Supervision and Administration Commission of the State Council. This will help deal with ineffective and low-performing assets, and speed up the digital and smart upgrading of China s SOEs, he said, adding the government will focus on strategic sec
State capital optimization gets impetus chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.