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Subsidiaries Owned by China XD Group and State Grid Corp of China Reorganize
2021-09-15The 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.
China Unicom Considers Spin-Off of Subsidiary
2021-08-20China 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.
CNOOC Heading to High-Quality Development
2021-07-23Performing 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.
Sinopec's Carbon Capture Project on
2021-07-08China Petroleum and Chemical Corp, the world's largest refiner by volume, which is known as Sinopec Group, started construction work on the country's first million-ton-level carbon capture, utilization and storage, or CCUS, project in East China's Shandong province on July 5.
Centrally Administered SOEs Step up Reforms
2021-06-10Centrally administered SOEs in the country's northeastern region have moved substantially to accelerate mixed-ownership reform and make significant breakthroughs in key business areas..
SOE Poly Group Sews up 2021-25 Growth Plan
2021-04-12Conglomerate to focus on engineering, tech, finance to broaden its prospects.
3-Year Action Plan for SOEs Set for 70% Completion by End of This Year
2021-02-24China will promptly implement the nation's three-year action plan for SOE reforms, with 70 percent of the goals completed by the end of this year.
China's Central SOEs Spend More on R&D
2021-02-18China's centrally-administered State-owned enterprises (SOEs) spent more on research and development (R&D) in 2020 amid efforts to boost innovation-driven development, according to the country's State-asset regulator.
Practical Measures Adopted in Three-Year Action Plan for SOE Reform
2021-02-09The year 2020 kicked off the three-year action plan for state-owned enterprises (2020-22) with new achievements and highlights.
CSG Builds High-Quality, Innovative Power Stations
2021-01-26The Shenzhen Pumped-storage Power Station of China Southern Power Grid (CSG) in South China's Guangdong Province, recently won the National Quality Engineering Award, making it the first pumped-storage power station of the company to win the honor.
China Tightens Management of Central SOEs' Overseas Assets
2021-01-22China will strengthen the management of overseas State-owned property rights held by centrally-administered State-owned enterprises (SOEs) and prevent the loss of overseas State-owned assets, the regulator said in a statement issued on Jan 21.
Boosting Construction of International Aviation Hub
2021-01-21Seventy-two of Air China's domestic flights from the Beijing Capital International Airport to 21 destinations were re-deployed from the T3 to T2 terminal on Jan 15, a key move to build the airport into a world-class aviation hub.
SOEs Set out Measures on Carbon Neutrality
2021-01-18State-owned enterprises, including China National Offshore Oil Corp and State Power Investment Corp, have announced their timeline for achieving corporate carbon neutrality and increasing their clean energy installed power capacity to contribute to the national goal, which analysts said was in line with the government's pledge to make the country carbon neutral by 2060.
Dual-Circulation Takes off at China Eastern
2021-01-15State-owned firm sets tone for other airlines to survive and thrive amid the pandemic.
CECEP Devoted to China's Environmental Protection
2021-01-19China Energy Conservation and Environmental Protection Group (CECEP) was a main player in China's ecological protection during the country's 13th Five-Year Plan (2016-20).
China Mobile to Support Digital Economic Development in Zhejiang
2021-01-18China Mobile Limited (China Mobile) signed an agreement with the government of Zhejiang Province on Jan 7, 2021, to promote 5G-based new infrastructure construction, smart applications and digital economy in the region.
CTG in SOE Reform
2021-01-19China Three Gorges Corporation (CTG) made more than 176 billion yuan ($27.17 billion) and gained a total profit of over 55 billion yuan in 2020, year-on-year increases of 60 and 26 percent.
Sinochem Group Gears up for Online Operation
2021-01-12In recent years Sinochem Group Co., Ltd. (Sinochem Group) has been earnestly seeking high-quality development through digitalization.
5G Applications Enhance Several Industries
2021-01-12At the mountain-ringed Tingzikou hydropower station in Guangyuan, Sichuan province, a gigantic 5G-enabled underwater robot swims in a stilling basin, which is basically a 20-meter-deep pool or reservoir that can reduce turbulence of water flow.
China's Central SOEs Assets to Near 69 Trln Yuan: Regulator
2021-01-12China's centrally-administered state-owned enterprises will see their total assets reach nearly 69 trillion yuan (about $10.56 trillion) at the end of 2020, representing an increase of 45 percent compared with the end of 2015.
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