Corporate reform of China's central SOEs mostly complete

Source: Xinhua| 2018-04-25 00:29:42|Editor: yan
Video PlayerClose

BEIJING, April 24 (Xinhua) -- Almost all of China's central state-owned enterprises (SOEs) have been transformed into limited companies or corporations, according to the country's top SOE regulator.

China's central SOEs were once publicly owned, without shareholders. The corporation system introduces shareholders, which helps define operation responsibilities and make enterprises into independent market economy players.

A majority of the 60-plus central SOEs and about 2,500 central SOE subsidiaries have finished or are undergoing the transformation.

"This is a historic breakthrough in China's SOE reform. It paves the way for further reforms such as equity diversification and mixed ownership," said Peng Huagang, spokesperson for the State-owned Assets Supervision and Administration Commission (SASAC).

The reform helped trim over 8,300 redundant central SOE branches and saved management capital worth 13.5 billion yuan (2.14 billion U.S. dollars), SASAC data showed.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521371341731
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
在线a亚洲v天堂网2019 | 亚洲国产综合精品2022 | 久草免费福利资源站在线观看 | 亚洲国产欧美日韩v一区二区 | 色婷婷5月综合久久 | 亚洲欧洲日韩国产 |