Home>News Center>China
       
 

State enterprises welcome investors
By Hu Yuanyuan (China Daily)
Updated: 2004-12-14 00:09

In an effort to diversify investment into State-owned enterprises, the State Council has rolled out the red carpet to domestic and foreign capital.

The goal is to attract more investors for enterprises that fall directly under the umbrella of the State Council and ultimately speed up their shareholding restructuring.

"Our efforts on central SOEs shareholding restructuring paid off in 2004," said Li Rongrong, minister of the State-owned Assets Supervision and Administration Commission (SASAC), the watchdog that acts as the State owner of the central SOEs.

"And deepening SOEs structural reform remains the highlight for the coming year."

Presently, 14 central SOEs, such as the China National Aviation Shareholding Company and Shenhua Group, have set up shareholding structures involving 120 billion yuan (US$14.5 billion) in State assets.

Profits from those 14 central SOEs are expected to top 30 billion yuan (US$3.6 billion) in 2004.

By September, there were 168 domestic companies under the control of central SOEs. Total share capital accounted for 33.8 per cent of the overall share capital among domestically listed companies.

Some 53 central SOEs were listed in Hong Kong.

"We are thinking of introducing foreign investors and co-operating with some competitive private enterprises to achieve the diversification of our shareholders," Ji Xiaonan, president of the supervisory committee of the SASAC, told China Daily in a sideline interview.

There are, however, other challenges to contend with.

"Finding more niche markets is a pressing problem for central SOEs after tariffs on more industries are further lowered in line with China's commitment to the WTO."

Equity swaps between central and local enterprises will be encouraged to deepen the shareholding restructuring in 2005. At the same time, free market schemes will be used to improve the capital structure of central SOEs, especially on electric power, telecommunications and aviation sectors.

"We are considering choosing 20 to 30 wholly owned SOEs to introduce boards of directors as pilot programmes," said Li Rongrong, "those wholly owned SOEs will be subjected to corporate law."

When the economic picture for next year is considered, Li said: "China's economy as well as that of the world will maintain a strong growing momentum in 2005, creating a good environment for central SOEs' reform. However, the depreciation of US dollar and the fluctuation of the crude oil prices on the international market is likely to create a negative impact."

Moreover, the overloaded transportation system and the shortage in the supply of coal, crude oil and electric power may create a bottleneck in SOE development.

"The State Council is expected to release guidelines encouraging, supporting and directing the private sector, rendering more help to private enterprises in terms of market access and financing," Li said, "Reforms of monopoly industries will be further deepened."

Policy-related bankruptcy of central SOEs is also expected to be sped up in 2005, he said.



 
  Today's Top News     Top China News
 

Target jobless rate to see first drop after years

 

   
 

Party school raises AIDS awareness

 

   
 

State enterprises welcome investors

 

   
 

Mass entries vie for 2008 Olympic mascot

 

   
 

Fed raises US interest rate to 2.25%

 

   
 

National Theater to be completed in 2005

 

   
  WFP: Country aiding fight agaist world hunger
   
  Guangdong to seek cash from vessels over spill
   
  Taiwan's Chen resigns as separatist party leader
   
  Vanuatu's one-China policy praised
   
  China sets up "small satellite" engineering center
   
  Beijing plans to shut down non-coal mines
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Foreign investors gain more access
   
Foreign investors gain more access
   
Changes in overseas investment managing
   
Investment procedures simplified
   
Procedures for foreign investment simplified
   
HK: 1st choice for SSF investment
   
Fixed-asset investment still high
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 2018天天弄| 嗨动漫在线观看| 中文字幕无码毛片免费看 | 九一在线完整视频免费观看| 精品理论片一区二区三区| 国产成人精品动图| 一区二区三区午夜| 日本高清免费在线视频| 亚洲人交性视频| 精品人妻无码专区中文字幕| 国产欧美精品午夜在线播放| 97人妻人人做人碰人人爽| 日本免费人成黄页在线观看视频| 亚洲综合第二页| 视频在线观看国产| 国产黄大片在线观看| 久久99精品波多结衣一区| 欧美精品手机在线| 哦哦哦用力视频在线观看| 伊人影视在线观看日韩区| 在线播放免费人成毛片乱码| 中文字幕精品无码一区二区三区| 欧美日韩在线视频一区| 嘟嘟嘟在线视频免费观看高清中文| 高清对白精彩国产国语| 国语自产偷拍精品视频偷蜜芽| 一个人看的免费观看日本视频www 一个人看的免费视频www在线高清动漫 | 精品国产乱码一区二区三区| 国产片91人成在线观看| 91人人区免费区人人| 手机1024看片| 亚洲伊人久久大香线蕉综合图片| 波多野结衣女上司| 四虎影院免费视频| 手机看片国产福利| 国产老女人精品免费视频| 一级做a爱片特黄在线观看yy| 最近2019好看的中文字幕 | 伊人久久波多野结衣中文字幕 | 国产第一页福利| japanese日本护士xxxx18一19 |