Home>News Center>China
       
 

China to deepen state firm reforms
(Reuters)
Updated: 2005-12-22 17:18

CHINA LISTINGS

Addressing concerns that state firms had listed overseas during a freeze on domestic initial public offerings, Li said the same companies could also raise capital at home in future.

"When we put these enterprises on the overseas market, we have also left room for them to come back and list domestically in the future," he said.

The authorities were advocating listings abroad first and flotations at home later because this would force Chinese companies to meet stricter standards of corporate governance and help them become competitive on a global level. This approach would benefit the domestic stock market in the long run, he said.

China suspended all new domestic listings in May to concentrate on implementing a scheme to float $250 billion in non-traded state shares in firms that are already listed.

But state firms have continued to raise funds overseas, sparking complaints that the dearth of good new companies was pushing the already depressed home market down even further.

Li's comments added to the long-running debate over whether China should allow its best-performing companies to list outside the mainland, said analyst Zheng Weigang at Shanghai Securities.

"Such listings have partly deprived Chinese investors of the right to enjoy the yields of China's quick economic development and have raised doubts as to how important the mainland's own stock exchanges are, in particular the key Shanghai bourse."

SASAC's chief said his agency had made progress in diversifying the ownership of state firms and beefing up their management. As a result, combined profits of the firms SASAC supervises had risen 24.7 percent to 565 billion yuan (US$70 billion) in the first 11 months from a year earlier.

The firms were expected to make a return on assets of 7.3 percent in 2005, up 0.5 percentage point from 2004, SASAC said.

Still, it said some big state firms, of which there were 138,000 in total employing 43 million people, were still slow to respond to market signals and unable to manage their books.


Page: 12



Jinmao Tower surrounded by heavy smoke
Up in flames
Heavy snow paralyzes cities' traffic
  Today's Top News     Top China News
 

China pledges to embark on a road of peaceful rise

 

   
 

HK opposition reject election reform package

 

   
 

China: Japanese FM remarks 'irresponsible'

 

   
 

South China river polluted with cadmium spill

 

   
 

Tax breaks offered for energy industry

 

   
 

Measures urged to close income gap

 

   
  China: Economic development not a threat to anyone
   
  Beijing to offer free nine-year compulsory education
   
  China's Peaceful Development Road
   
  White paper: China pursues a peaceful rise
   
  New vocabulary ushers China-US relations
   
  Spring Festival trips to hit 2 billion
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 日本又粗又长一进一出抽搐| 五月婷中文字幕| 亚洲人成在线观看| 久久九九久精品国产| yellow字幕网在线zmzz91| 97无码人妻福利免费公开在线视频| 亚洲午夜久久久久妓女影院| 久青草影院在线观看国产| 久久久久久亚洲精品中文字幕 | 国产乱码精品一区二区三| 动漫美女被免费漫画| 亚洲成人黄色网| 久久久久亚洲Av片无码v| 99麻豆久久久国产精品免费| 欧美欧洲性色老头老妇| 精品视频无码一区二区三区| 欧美大香线蕉线伊人久久| 男女一级免费视频| 欧美丝袜一区二区三区| 成人免费一区二区三区在线观看| 成年美女黄网站18禁免费| 国产精品香蕉在线观看| 国产AV寂寞骚妇| 亚洲欧美中文日韩欧美| 中文字幕第315页| 777奇米影视视频在线播放| 精品国产柚木在线观看| 最近免费高清版电影在线观看 | 亚洲成av人片在线观看无码| 久久亚洲AV无码精品色午夜麻豆| 久久久久久久性潮| 18末成年禁止观看试看一分钟| 亚洲欧美日韩国产vr在线观| 精品日韩欧美一区二区三区 | 色窝窝无码一区二区三区成人网站 | 日本h片无遮挡在线观看| 国产精品无码日韩欧| 又爽又高潮的BB视频免费看| 五十路亲子中出在线观看| 99在线精品视频在线观看| 精品国产粉嫩内射白浆内射双马尾|