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| Jiang Zemin on SOE, Rural Reforms |
| The reform of state-owned enterprises (SOEs) in China will remain the central task of the economic restructuring in a period of time to come, and the working class must be relied on in promoting SOE reform and development, President Jiang Zemin said Monday. |
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| Premier Calls for Greater Efforts to Promote SOE Reform |
| Premier Zhu Rongji has pledged to push forward the restructuring and reorganizing of the state-owned enterprises (SOEs) as well as the reform of monopoly industries. |
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| Foreign Investors Encouraged to Participate in SOE Reform |
| Foreigners are likely to acquire more investment opportunities in China since the central government approved a fresh regulation on Tuesday to attract foreign capital. China's WTO entry boosts economic co-operation with foreign countries, and investors and the government are expected to meet the opportunity. |
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| Premier Zhu Offers Condolences to Flood-Hit Indonesian People |
| Chinese Premier Zhu Rongji on Tuesday expressed deep sympathy and sincere condolences to Indonesian President Megawati Soekarnoputri whose country has been hit by severe flooding caused by heavy rains. |
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| State-Owned Enterprises Make Good Performance |
State-owned enterprises (SOEs) directly under central government control reported a sound performance last year despite the difficult international economic situation.
Last year, 173 state-owned enterprises generated 186.7 billion yuan (US$22.5 billion) in profits. |
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| Chinese State Firms: From Rags to Riches |
| Is it possible for a debt- ridden enterprise to shake off poverty and reestablish itself in five years? A state firm in northeast China that emerged unscarred from some knuckle-down reforms says yes. |
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| Laid Off Employee Buys SOE She Used to Work for |
| Hua Mingzhu, who was laid off from a struggling state-owned feed plant three years ago, made a comeback earlier this month as the owner of the plant. |
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| NAO Cracked Cases of SOEs Violating Laws and Regulations, Worth 100.4-Bn-Yuan |
| According to a report of the National Audit Office, the statistics through auditing assets and liabilities and Profits and Losses (P&L) of 1,290 state-owned and state holding enterprises in 1999 show that enterprises on the whole have seen obvious economic rebounds and made achievements by shaking off difficulties. |
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| SOE Reform Blazes Trail for Successful Enterprise Operation |
| Wei Jiafu, president of the China Ocean-Shipping (Group) Company, made the remark on May 29 on the platform of Harvard University, giving US specialists and scholars a lesson on the reform of Chinese State-owned enterprises. |
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| SOE Exports in Guangdong Decline 17.5% |
| Export volume from Guangdong's State-owned enterprises (SOEs) declined by 17.5 per cent to hit US$4.8 billion in the first two months of this year, according to statistics released by Guangdong Customs. |
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| SOEs in Henan Report Impressive Development |
| State-owned enterprises (SOEs) in central China's Henan Province reaped 5.7 billion yuan (US$687 million) in profit last year, up 1.2 times on the figure for 1999, sources from the provincial statistical bureau indicated. |
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| China Expects Same Profit Level for SOEs in 2001 |
| China is expecting the same profit level for its state-owned enterprises and enterprises where the state has a controlling interest in 2001, said Li Rongrong, minister in charge of the State Economic and Trade Commission, Saturday. |
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| Shenzhen to Rev Up SOE Reform |
| The Shenzhen Investment Management Company (SIMC), the largest state assets management firm in the south China city, has drafted a reform plan to multiply the ownership of state property in large state-owned enterprises (SOEs). |
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| Economist on SOEs Share System |
| Professor Wu Jinglian, a famous Chinese economist, said two major problems -- "one-share monopolization" and "one-share domination" have to be tackled in the reform of state-owned economy. |
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| Discipline Inspection Department Retrieved an Economic Loss of 3.5 Billion Yuan |
| The 2001 Working Conference for Discipline Inspection and Supervision of Central Enterprises was held in Beijing February 21. The conference called for the taking of effective measures to nip in the bud the negative corruption in State-Owned Enterprises (SOE). |
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| Shenzhen Encourages Private Enterprises to Participate in SOE Reorganization |
| The Shenzhen government on February 5 released the "Opinion on Accelerating the Development of Individual and Private Economies", which allows private enterprises to participate in the reorganization and transformation of State-owned enterprises (SOEs) and have a share in the stock-holding right. |
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| NE China State-Owned Enterprises Making Profit |
| State-owned and State-controlled industrial companies in the northeastern Liaoning Province realized profits of 9.8 billion yuan (about 1.18 billion U.S. dollars) in the first 11 months last year, nearly 8 billion yuan more than in the same period in 1999. |
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| Tibetan SOEs Take on a New Look |
| The Tibet Autonomous Region has basically achieved its goal for difficulty relief of backbone State-owned enterprises (SOEs) through a series of measures taken to transform operational mechanism, strengthen management, adjust structure, increase economic returns, maintain stability and promote SOE reforms and development. |
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| Beijing State-Owned Enterprises Accomplish Debt to Equity Task |
| Beijing Municipal Economic Commission officials disclosed recently that 17 local State-owned enterprises had accomplished the task of debt-to-equity swap by the end of 2000. |
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| Turning More SOEs to Blue-Chips |
| More large State-owned enterprises, including banks and insurance firms, are expected to be listed on the domestic stock market this year, a top securities regulator said recently. |
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