As this year marks the 70th anniversary of the establishment of diplomatic relations between China and Pakistan, Cao Mengjie, an employee of a centrally administered State-owned enterprise, was named an "outstanding contributor" by the company's Pakistani and domestic partners.
SOE reforms, revamp receive fresh impetus By ZHONG NAN | CHINA DAILY | Updated: 2021-01-20 08:59 Share CLOSE A China Railway employee checks Fuxing high-speed trains at a service yard in Jinan, Shandong province, in April. [Photo/Xinhua]
Govt to push contractual management system for executives at all levels
China plans to complete more than 70 percent of the tasks of its three-year (2020-22) action plan by the end of this year, further pushing forward the mixed-ownership reform and reorganization process in its State-owned enterprises, a senior government official said on Tuesday.
The government will improve the market-oriented operational mechanism and promote contractual management systems for executives at all levels of SOEs this year, said Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commission of the State Council.
Big-ticket fund set up for SOEs in China By Zhong Nan | China Daily | Updated: 2020-12-30 06:56 Technicians check steel products at a subsidiary of China Baowu Steel Group in Maanshan, Anhui province. [Photo by Luo Jisheng/for China Daily]
$30.6b earmarked for mixed-ownership reform, cutting-edge technology
China launched a 200 billion yuan ($30.6 billion) fund in Shanghai on Tuesday to facilitate mixed-ownership reform and cutting-edge technology innovation at its State-owned enterprises, according to the country s top State assets regulator.
The big-ticket fund aims to sharpen the core competitiveness of SOEs and spur high-quality growth. It will have an initial capital of 70.7 billion yuan, which has been raised from 20 shareholders, including 11 centrally administered SOEs, a private company and an institutional investor, such as China Reform Holdings Corp and China COSCO Shipping Corp. China Chengtong Holdings Group Ltd, a State-owned as