Tag: SOEs

FINTS MORNING BRIEF (31 August 2016)

The China Insurance Regulatory Commission proposes to raise standards for qualifying organizations or individuals to become shareholders of insurance companies: FINTS A state-controlled fund with a planned size of 150 billion yuan initiated by China…


COFCO STREAMLINES OPERATIONS AFTER MERGER WITH CHINATEX CORP

Last week, China’s State-owned Assets Supervision and Administration Commission announced that state-owned Chinatex Corp will be integrated into China National Cereals, Oils and Foodstuffs Corp, and become a wholly-owned subsidiary of the latter. After the…


FINTS MORNING BRIEF (15 JULY 2016)

Vice Chairman of the China Securities Regulatory Commission says that the proposed Shanghai – London Stock Connect has made sound progress LeTV, China’s leading online streaming site, forecasts that profits for the first half year…


BEIJING ENACTS PAY CUTS FOR CENTRALLY OWNED SOES

Beijing has required the listed units of major state owned companies to enact substantial pay cuts for their executives, as part the nation’s wider anti-corruption campaign. The pay cuts, however, will only apply to SOEs…