China
        

From Chinese media

SASAC: China to continue restructure SOEs

Updated: 2010-12-24 17:16

By Cai Muyuan (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Wang Yong, the head of the State-owned Assets Supervision and Administration Commission (SASAC), called for State-owned enterprises to be listed wholly, carrying no survival assets, Economic Information reported Friday.

According to Wang, though the goal to further cut the number of State-run companies to 100 has not been finalized yet, government officials will increase efforts to push consolidation among state firms.

Related readings:
SASAC: China to continue restructure SOEs State starts company to power SOEs
SASAC: China to continue restructure SOEs 50 SOEs to go worldwide
SASAC: China to continue restructure SOEs SASAC to step up listing of central State-owned firms
SASAC: China to continue restructure SOEs Nets of China's central SOEs up 50.1% in Jan-Nov

"We'll strive to cultivate 30 to 50 internationally competitive enterprises", Wang said, according to the report.

Wang noted the State's enterprises are wholly listed with their core business assets. Efforts should be made via various channels to push the overall listing for enterprises as a whole.

"The pace of mergers and overall listing among State companies will accelerate in the future", an authority with a state firm told the reporter.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection