Xi Jinping’s grip on Chinese enterprise gets uncomfortably tight
1 year, 3 months ago

Xi Jinping’s grip on Chinese enterprise gets uncomfortably tight

Hindustan Times  

AS THE HEAD office of Northern Heavy Industries comes into view, so does a huge slogan fixed permanently to its roof in metre-high red Chinese characters, where you might usually see a company name. Many global investors increasingly view China’s private sector as a captive of the Communist Party. A recent paper from the Centre for Strategic and International Studies, a think-tank in Washington, asks: “Can Chinese firms be truly private?” Monitoring state influence has thus become more important than ever. State investors have also been taking “golden shares”, tiny stakes that grant outsize voting powers, in China’s internet giants. Ms Pearson and her co-authors find that private companies may not be “secure enough in their autonomy from the state to pursue their own interests with ease”.

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History of this topic

Key takeaways: How China aims to fix an ailing economy and transform into a high-tech power
2 weeks, 6 days ago

Key takeaways: How China aims to fix an ailing economy and transform into a high-tech power

CNN  

Beijing CNN — China’s leaders have spent the past week unveiling their plan to steer the world’s second-largest economy through looming challenges by transforming the country into a technological powerhouse and ramping up spending to hit an ambitious growth target. Premier Li Qiang said at the opening of the National People’s Congress Wednesday that the country’s growth target of around …

Xi urges boost for private sector
1 month, 1 week ago

Xi urges boost for private sector

China Daily  

President Xi Jinping shakes hands with Ren Zhengfei, founder and CEO of tech giant Huawei Technologies, at a symposium on private enterprises on Monday in Beijing. Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks on Monday in Beijing at a symposium on private enterprises. …

Xi urges boost for private sector
1 month, 1 week ago

Xi urges boost for private sector

China Daily  

President Xi Jinping shakes hands with Ren Zhengfei, founder and CEO of tech giant Huawei Technologies, at a symposium on private enterprises on Monday in Beijing. Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks on Monday in Beijing at a symposium on private enterprises. …

Symposium injects confidence in private sector
1 month, 1 week ago

Symposium injects confidence in private sector

China Daily  

Humanoids of Unitree Robotics at the World Robot Conference in Beijing in August. CHINA DAILY A symposium on private enterprises, where President Xi Jinping called for efforts to promote the healthy and high-quality development of the private sector, was held on Monday. Amid global economic uncertainties and technological transformation, the agenda of the symposium not only reaffirmed China's commitment to …

Symposium injects confidence in private sector
1 month, 1 week ago

Symposium injects confidence in private sector

China Daily  

Humanoids of Unitree Robotics at the World Robot Conference in Beijing in August. CHINA DAILY A symposium on private enterprises, where President Xi Jinping called for efforts to promote the healthy and high-quality development of the private sector, was held on Monday. Amid global economic uncertainties and technological transformation, the agenda of the symposium not only reaffirmed China's commitment to …

Xi urges healthy, high-quality development of private sector
1 month, 1 week ago

Xi urges healthy, high-quality development of private sector

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, also Chinese president and chairman of the Central Military Commission, attends a symposium on private enterprises, where he delivers an important speech, in Beijing, Feb 17, 2025. BEIJING -- Xi Jinping, general secretary of the Communist Party of China Central Committee, on Monday urged efforts to promote the …

Xi urges healthy, high-quality development of private sector
1 month, 1 week ago

Xi urges healthy, high-quality development of private sector

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, also Chinese president and chairman of the Central Military Commission, attends a symposium on private enterprises, where he delivers an important speech, in Beijing, Feb 17, 2025. BEIJING -- Xi Jinping, general secretary of the Communist Party of China Central Committee, on Monday urged efforts to promote the …

China’s Xi hosts top tech bosses, Alibaba co-founder Jack Ma spotted in attendance
1 month, 1 week ago

China’s Xi hosts top tech bosses, Alibaba co-founder Jack Ma spotted in attendance

CNN  

Hong Kong CNN — Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown. Its success has also brought optimism to China’s tech sector, which is still recovering after a …

Private firms primed as economic drivers
3 months, 2 weeks ago

Private firms primed as economic drivers

China Daily  

A view of Tencent's booth during an expo in Beijing. Reflecting on how fiscal and monetary policies have also strengthened market confidence, Zhang called for more efforts to seize opportunities and accelerate the cultivation and growth of new quality productive forces, including new energy. With steadfast confidence in China's economic future, we remain committed to action, innovation and driving progress, …

Fresh impetus for China's private sector
8 months ago

Fresh impetus for China's private sector

China Daily  

An employee works on a chip production line in Jiujiang, Jiangxi province. The country will also support capable private enterprises in leading national initiatives to make breakthroughs in major technologies and provide private enterprises with greater access to major national scientific research infrastructure, he said. "As the rule of law offers the best business environment, China will formulate and introduce …

China vows more opportunities for private enterprises
8 months, 1 week ago

China vows more opportunities for private enterprises

China Daily  

China vowed to create a favorable environment, to offer more opportunities for private enterprises, and enhance mechanisms for private companies to participate in major national projects, said a senior financial official at a news conference on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, said the country will support capable …

Everything China’s doing to rescue its battered stock market
1 year ago

Everything China’s doing to rescue its battered stock market

Live Mint  

Chinese stocks have struggled for traction since returning from the Lunar New Year break, adding pressure on Beijing to provide more support and restore confidence in an economy grappling with a property slump and stubborn deflation. Regulators Check in With Listed Firms China’s regulatory officials visited listed companies in 20 provinces and municipalities from Jan. 29-Feb. 4, according to a …

China will play ‘active part’ in global governance, says Xi Jinping
2 years ago

China will play ‘active part’ in global governance, says Xi Jinping

The Hindu  

Chinese President Xi Jinping on Monday said China would “play an active part” in global governance while calling for the Chinese military to build a “Great Wall of steel”, as he officially began his third five year-term. Speaking in Beijing at the conclusion of the annual National People’s Congress legislative session, which on Friday formally endorsed his unprecedented third term, …

Xi reaffirms support for private sector
2 years ago

Xi reaffirms support for private sector

China Daily  

President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, participates in a joint group meeting with national political advisers from the China National Democratic Construction Association and the All-China Federation of Industry and Commerce, in Beijing on Monday. Xi encouraged private businesses to transform their pattern …

Xi reaffirms support for private sector
2 years ago

Xi reaffirms support for private sector

China Daily  

President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, participates in a joint group meeting with national political advisers from the China National Democratic Construction Association and the All-China Federation of Industry and Commerce, in Beijing on Monday. JU PENG/SHEN HONG/XINHUA President pledges to bolster business …

China’s Xi urges private companies to ‘be rich and loving’
2 years ago

China’s Xi urges private companies to ‘be rich and loving’

Al Jazeera  

China’s leader said private firms should share the fruits of their growth with employees more equitably. Chinese President Xi Jinping has said private companies should be “rich and loving” by shouldering a responsibility along with state-owned firms to achieve prosperity for all. Xi also said private firms should share the fruits of their growth with employees more equitably, in what …

China targets financial sector in new anti-corruption drive
3 years, 4 months ago

China targets financial sector in new anti-corruption drive

Al Jazeera  

China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The country’s top anti-corruption watchdog has started a roughly two-month inspection of more than 20 institutions including the central bank, the banking and insurance regulator, stock exchanges, commercial banks and …

China’s biggest private companies are in chaos. It’s all part of Beijing’s plan
3 years, 7 months ago

China’s biggest private companies are in chaos. It’s all part of Beijing’s plan

CNN  

Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. “Ultimately, Beijing’s crackdown on private business is about control,” said Alex Capri, a research fellow at the Hinrich Foundation. “The main priority is about preventing behavior amongst …

Opinion | Xi can’t ignore private enterprise anymore
6 years, 4 months ago

Opinion | Xi can’t ignore private enterprise anymore

Live Mint  

After more than five years in power, Xi Jinping has constructed a singular political persona: of a leader who places the Communist Party and its authority above all, on top of the state, the economy and military. For many Chinese entrepreneurs and their supporters in the bureaucracy and think tanks, Xi’s high-profile tour of China’s state-dominated rust belt was a …

SOE mixed ownership reform expected to accelerate
7 years, 10 months ago

SOE mixed ownership reform expected to accelerate

China Daily  

Employees of a power supply company in Weining county, Guizhou province, check power transmission facilities. China is screening a third batch of centrally administered State-owned enterprises for mixed ownership reform, officials of the country's economic planner said. Each ownership reform model has its own characteristics China Unicom announced last month that its Shanghai-listed unit, China United Network Communications Ltd, would …

Nation to open up more sectors for private investment
7 years, 11 months ago

Nation to open up more sectors for private investment

China Daily  

BEIJING - China will open up more industries, including oil drilling and defense technology, to private investors to cope with slowing private investment growth, Xinhua-run Economic Information Daily reported Monday. The government will also lure private investment into strategic emerging industries by setting up industrial investment funds, according to the report. "Access restriction is one of the major factors that …

Quiet reforms reshaping China’s oil and gas sector
8 years, 10 months ago

Quiet reforms reshaping China’s oil and gas sector

Live Mint  

Beijing: Expect no radical “big bang” in China’s shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector. China’s energy sector is dominated by three state giants: China National Petroleum Corp, China Petrochemical Corp and China National Offshore Oil …

Govt releases guide for SOE mixed ownership
9 years, 6 months ago

Govt releases guide for SOE mixed ownership

China Daily  

The State Council gave foreign investors a clear signal on Thursday, welcoming their participation in the country's mixed-ownership reforms as well as in making improvements to its security review mechanisms－a step indicating continued movement toward reforms necessary to attract more foreign investors. Foreign investors are invited to take part in the country's reform and reorganization of State-owned enterprises, forming joint …

Xi urges to open economy wider to world
9 years, 6 months ago

Xi urges to open economy wider to world

China Daily  

BEIJING - The economy must open wider to the outside world to fuel growth, President Xi Jinping told a group tasked with steering reform on Tuesday. "China should be committed to attracting foreign investment and expertise, and improve opening-up policies," he said, addressing the 16th Meeting of the Central Leading Group for Deepening Overall Reform. The leading group adopted a …

China plans to reform SOEs through mergers, share sales-document
9 years, 6 months ago

China plans to reform SOEs through mergers, share sales-document

Live Mint  

Beijing: China will push its state-owned enterprises to engage in mergers and share sales as part of the most far-reaching reforms of the country’s sprawling and inefficient state-owned sector in two decades, according to documents seen by Reuters. The guidance, jointly issued by the Commmunist Party’s Central Committee and the State Council, China’s cabinet, comes nearly two years after President …

China gearing up for another year of reform
10 years ago

China gearing up for another year of reform

China Daily  

BEIJING -- China unveiled its annual government work report on Thursday, declaring its ambition to deepen reform to start new development engines. "We must focus on economic structural reform as we comprehensively deepen reform, making new breakthroughs in areas that can boost development, and strengthening new momentum to drive development," said Li. The government plans to streamline administration and delegate …

Market reforms reshape China's economic landscape[1]- Chinadaily.com.cn
10 years, 2 months ago

Market reforms reshape China's economic landscape[1]- Chinadaily.com.cn

China Daily  

BEIJING - China's market-oriented reforms have reshaped the economic landscape, allowing private companies to compete with and, in some cases outperform, state-owned enterprises. Listing China's top 100 most valuable brands, the report put internet service company Tencent and online retailer Alibaba in the top two positions, leapfrogging long-time leader China Mobile, which had held the top spot since the ranking …

Policy design to propel China's SOE reforms
10 years, 2 months ago

Policy design to propel China's SOE reforms

China Daily  

BEIJING - The restructuring of China's state-owned enterprises will proceed rapidly in 2015 as the government is set to unveil 10 policies for SOE reform. UBS chief China economist Wang Tao expects SOE reform will be obtained through improved corporate incentives and private participation. "We expect restructuring to be gradual as the government tries to balance growth and restructuring, overcome …

Private companies edge up in Fortune rankings
10 years, 8 months ago

Private companies edge up in Fortune rankings

China Daily  

More Chinese private companies than ever are finding a place in the Fortune 500 rankings that have been dominated by the big State-owned enterprises. Shanghai and Shenzhen, home to four of the private companies in the list, further reinforce the view that the Yangtze River Delta and Pearl River Delta are the hubs for China's private economy The financial sector …

China's mixed ownership reform advances against headwinds[1]- Chinadaily.com.cn
10 years, 9 months ago

China's mixed ownership reform advances against headwinds[1]- Chinadaily.com.cn

China Daily  

BEIJING - As a priority on China's reform agenda, diversifying the ownership of the country's State-owned enterprises is making progress although the road ahead may be bumpy. The tie-up of Navinfo, a subsidiary of the China Aerospace Science and Technology Corporation, and Tencent marked the first step taken by an SOE to open up to private capital in order to …

Experts urge government to support private sector[1]- Chinadaily.com.cn
10 years, 9 months ago

Experts urge government to support private sector[1]- Chinadaily.com.cn

China Daily  

BEIJING - Chinese experts have called on authorities to beef up support for the country's private sector amid a nationwide campaign to deepen reforms. The private sector has grown from nothing to a necessity in China since the launch of its reform and opening-up drive more than three decades ago, Wang Yuanzhi, executive director of the All China Private Enterprises …

Nation developing and opening up its securities industry
10 years, 10 months ago

Nation developing and opening up its securities industry

China Daily  

China will further expand market access of foreign funds into the nation's securities industry and encourage Chinese cross-border businesses, Yao Gang, vice-chairman of China's securities regulator, said on Friday. "Chinese securities firms should increase their leverage ratio and they should be allowed to issue income receipts, do inter-bank lending, repurchase and bond issuance in the interbank market," said Wang. Wang …

Diverse ownership to boost SOE reforms
11 years, 2 months ago

Diverse ownership to boost SOE reforms

China Daily  

Diverse ownership to boost SOE reforms Updated: 2014-01-06 09:16 BEIJING - The Chinese government's vow to boost diverse ownership means State-owned enterprise reform, experts have told Xinhua. Ding Yifan, deputy director of the Institute of World Development under the State Council's Development Research Center, said a communique, issued after a key meeting of the Communist Party of China Central Committee, …

US experts welcome China's new economic initiatives
11 years, 6 months ago

US experts welcome China's new economic initiatives

China Daily  

US experts welcome China's new economic initiatives Updated: 2013-09-10 15:18 CHICAGO -- A recent meeting of China's State Council indicated that Beijing would open up new sectors for private investment and turn more focus on economic development in inner regions, several US experts said. The initiatives would "help further growth in China and has positive economic impact in both China …

Private firms need a boost to compete better
12 years, 3 months ago

Private firms need a boost to compete better

China Daily  

Private firms need a boost to compete better Updated: 2012-12-02 07:56 As Chinese enterprises face growing challenges, they need more help to develop core competitiveness, a senior banker said on Saturday. "More help should be provided for these enterprises to upgrade industrial chains, access more overseas resources and form core competitiveness so as to fit in the new market environment," …

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