男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

SOE reform on the horizon after trading halt

By Tan Xinyu | chinadaily.com.cn | Updated: 2017-09-08 17:52
Share
Share - WeChat

Two State-owned building materials firms-China National Building Materials Group Corporation and China National Materials Group Corporation Ltd-started merger preparations in the latest move of SOE consolidation and shedding of cement industry overcapacity. [Photo/VCG]

Nine listed subsidiaries of China's two building materials giants suspended trading on Thursday, evoking speculations that further substantial actions may be taken in the State-owned enterprise merger announced last year.

Both China National Building Materials Group Corporation (CNBM) and China National Materials Group Corporation Ltd (SINOMA) are central government-administered enterprises. The two companies have acquitted themselves well in different sectors — CNBM is well known as a producer of cement, glass, lightweight building materials and glass fiber, while SINOMA possesses core technologies and complete innovation systems for non-metals.

In fact, restructuring of SINOMA into CNBM dated back to Aug 26, 2016. According to financial media outlet Caixin, CNBM's Board Chairman Song Zhiping said in February that integration and adjustment of the corporate structure and secondary platforms has been completed, and CNBM is going to further integrate the business of 15 listed subsidiaries of the two enterprises.

The consolidation makes CNBM the largest comprehensive group in the building materials industry, with total assets of 550 billion yuan ($85.3 billion). CNBM also leads the world in production capacity of glass fiber and gypsum board.

China pledged to deepen SOE reform in this year's annual government work report as a method to improve efficiency. Apart from measures like cutting capacity, managing "zombie companies," excising layers of hierarchy and calling for innovation among firms, China also introduced a mixed-ownership system.

One recent example of this reform comes from China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers. The firm carried out the mixed-ownership reform scheme in August and received capital from private investors — among them domestic tech titans Tencent Holdings Ltd, Alibaba Group Holding Ltd, Baidu Inc, JD.com Inc and Suning Commerce Group Co Ltd — by selling a 35.2 percent stake.

At the end of the same month, China's major power generator China Guodian Corporation and largest coal miner Shenhua Group merged their coal power assets, creating an energy behemoth with combined assets in the range of 1.73 trillion yuan to more than 1.8 trillion yuan

These reforms follow a clear trend. Since 2003, the total number of central SOEs has sharply fallen from 196 to 98.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 武隆县| 松阳县| 怀来县| 逊克县| 泾源县| 偃师市| 天等县| 萝北县| 荆门市| 耿马| 景德镇市| 安丘市| 平武县| 贵南县| 盘山县| 通化县| 宁阳县| 老河口市| 通海县| 藁城市| 阳高县| 苏尼特右旗| 通河县| 余姚市| 北安市| 花莲县| 合作市| 安多县| 重庆市| 留坝县| 西昌市| 西平县| 信丰县| 广水市| 石狮市| 和顺县| 锡林浩特市| 松溪县| 临猗县| 南澳县| 辽宁省|