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Subsidiaries Owned by China XD Group and State Grid Corp of China Reorganize
The State Council approved the reorganization and integration of a number of subsidiaries owned by Xi'an-based China XD Group Corp and Beijing-headquartered State Grid Corp of China announced in a notice on late Sept 14.
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China Unicom Considers Spin-Off of Subsidiary
China Unicom (Hong Kong) Ltd, a major Chinese telecom operator, said on Aug 19 it is considering a proposed spin-off and separate listing of China Unicom Smart Connection Technology Ltd in the nation's A-share market.
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CNOOC Heading to High-Quality Development
Performing its role as a main force and bedrock, the China National Offshore Oil Corporation (CNOOC) has been increasing oil and gas output and promoting the high-quality development of the offshore oil industry in China.
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Local SOEs’ Achievements, New Goals
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held an online conference to summarize SOEs’ achievements in 2020 and during the 13th Five-Year Plan (2016-20) and to set new goals in 2021 and the 14th Five-Year Plan (2021-25).
- SOE Reform: CSCEC Boosts High-Quality Development
China State Construction Engineering Corporation (CSCEC) has been implementing the decision and deployment of the three-year action of the reform of state-owned enterprises (SOEs) and is making efforts to stimulate vitality and improve efficiency to boost enterprise development.
- SOE Reform: Ansteel Improves Management to Promote Efficiency
Ansteel Group Corporation (Ansteel) has inspired vitality and improved efficiency by implementing a three-year action plan for reform of state-owned enterprises (SOEs) and adhering to the market-oriented principle.
- SOE Reform: DEC Promotes Tenure and Contractual Management for High-Quality Development
Dongfang Electric Corporation (DEC) has been devoted to the power generation equipment industry for more than 60 years, providing clean, highly-efficient and smart energy equipment and system solutions for global customers.
- SOE Reform: CFHI Achieves Revitalization through Market-Oriented Management Mechanisms
China First Heavy Industries (CFHI) turned around loss and created a path to revitalization thanks to implementation of market-oriented recruitment and contractual changes in leadership and managerial level employment.
