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

More integration seen for centrally administered SOEs

By Zhong Nan | China Daily | Updated: 2020-01-16 04:47
Share
Share - WeChat
File photo: the State-Owned Assets Supervision and Administration Commission. [Photo/Agencies]

China will push "targeted integration" in its centrally administered State-owned enterprises this year to improve their efficiency and encourage qualified SOEs to go public, the country's top State assets regulator said on Wednesday.

Peng Huagang, secretary-general of the State-Owned Assets Supervision and Administration Commission, said the authorities will accelerate the pace of integration in areas of equipment manufacturing, chemicals, maritime engineering, and overseas oil and gas assets this year to enhance the earning capabilities of SOEs.

To improve the efficiency of State capital, China has reorganized 41 central SOEs since 2012, including the merger of China State Shipbuilding Corp and China Shipbuilding Industry Corp, and the structural reorganization of China Poly Group Corp and China Silk Corp.

The country will continue to spin off a number of SOE subsidiaries that lose money, as well as non-primary businesses. And it will further cut the administrative functions of centrally governed SOEs, Peng said.

Thanks to progress of mixed-ownership reforms in China and the reorganization and asset securitization of State capital, the country's central SOEs reported faster profit growth with lower debt-to-asset ratios last year compared with 2018, the SASAC reported on Wednesday.

Net profits at China's central SOEs amounted to 1.3 trillion yuan ($188.6 billion) last year, jumping 10.8 percent year-on-year.

Peng said the growth rate had picked up steadily in the second half of the year, and the SOE target of "ensuring 7 percent year-on-year growth while striving for 9 percent" was attained.

At the end of last year, the average debt-to-asset ratio for central SOEs stood at 65.1 percent, a drop of 0.6 percentage points from the beginning of the year.

Sixty-four central SOEs saw their debt-to-asset ratio drop from the beginning of last year. In industries such as metallurgy, power, mining and construction, the ratio fell by more than 1 percentage point.

"We will encourage central SOEs and their subsidiaries with strong technological innovation capabilities and promising market prospects to go public," Peng said.

The government also supports central SOEs being listed on the Hong Kong Stock Exchange, Peng added.

China First Heavy Industries Co, which supplies technical equipment, high-tech products and services for a number of industries, including steel, nonferrous metals, electrical power, energy and automobiles, suffered financial losses in 2016 but has seen a notable jump in net profits since 2018, after it steadily deepened its supply-side structural reform and adjusted its operating model.

Liu Mingzhong, the group's chairman, said it has upgraded its products and introduced wider mixed-ownership reform in some of its subsidiaries to tap new industries and provide more diverse products.

The improved efficiency of the SOEs will benefit the whole corporate sector as they provide broad opportunities for the investment and growth of businesses with varied ownership, as well as promote deep integration of industrial, supply and value chains for enterprises of differing sizes in home and global markets, said Liu Xiangdong, deputy director of the economic research department of the China Center for International Economic Exchanges in Beijing.

Operating revenues of central SOEs totaled 30.8 trillion yuan in 2019, a year-on-year growth of 5.6 percent, the State assets regulator said. Among them, 10 central SOEs achieved revenue growth of more than 20 percent last year, and 29 registered over 10 percent growth.

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: 三明市| 万盛区| 枣庄市| 独山县| 安吉县| 和平区| 荆门市| 固安县| 廉江市| 乌兰县| 青海省| 上高县| 兴宁市| 屏东市| 滨州市| 呈贡县| 哈巴河县| 阳信县| 莱西市| 从江县| 巩留县| 丽水市| 石柱| 桓仁| 双城市| 石首市| 资中县| 始兴县| 五华县| 霍邱县| 大田县| 乌拉特后旗| 裕民县| 增城市| 东港市| 浦东新区| 洮南市| 多伦县| 夏河县| 额敏县| 米易县|