www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Govt bailouts help business but raise concerns

Updated: 2012-12-26 10:36
By Xie Yu in Shanghai ( China Daily)

Dozens of listed companies on the Chinese mainland reported receiving large government subsidies in the fourth quarter, which will help them improve their annual performance and even avoid delisting.

Eighty-one listed companies declared receiving 3.1 billion yuan ($497 million) in government subsidies in December, the Beijing News reported on Tuesday. A total of 10.8 billion yuan has gone to listed companies so far during the fourth quarter.

Govt bailouts help business but raise concerns

The subsidies are aimed at covering a variety of expenses, including technical improvements, relocations, environmental protection projects and tax rebates, the Securities Daily reported.

More than 90 listed companies received 3.9 billion yuan in subsidies at about the same period last year, according to the China Securities Journal.

Sun Lijian, deputy chief of the School of Economics at Fudan University in Shanghai, said that some companies desperately needed support as a result of the sluggish economy this year.

"Subsidies will help some companies stay alive, and also help keep employees' jobs, which is very important to local governments," he said.

However, Sun pointed out that some subsidies are going into "zombie companies", which are dying and do not have the potential to rebound.

Subsidies will support some companies' upgrades, or temporarily relieve financial pressures, said Ma Yao, a macro-economy analyst with CI Consulting, an industry research institution.

"But if subsidies go too far, it just shows local protectionism. Governments are trying to make the financial results of local companies look better," he added.

Moreover, some companies are using subsidies as a means to avoid delisting.

If a listed company is performing poorly in the market, it should accept restructuring or delisting, and local governments should not interfere, Yao said.

Ye Tan, a well-established economic commentator, said earlier that many listed companies will seek financial support from local governments to keep a shell company in the market and continue to raise money in the next year.

Meanwhile, because the number of listed companies is often considered a criterion in evaluating the competence of a local government, these governments have a track record of moving in to keep favored local employers out of trouble.

The biggest subsidy this month went to Chongqing Iron & Steel Co Ltd. The company announced on Thursday that it has received 500 million yuan from the Changshou district of Chongqing city as a relocation subsidy.

The company saw a loss of 1.4 billion yuan last year, and has seen a loss of 1.17 billion yuan in the first three quarters of this year.

Hareon Solar, a Jiangsu-based solar technology company, announced on Tuesday that it has received 206 million yuan from the local government. The company saw a loss of 199 million yuan in the first three quarters.

xieyu@chinadaily.com.cn

Related Readings

New rules on delisting

Two companies delisted from Shenzhen bourse

Stock delisting procedure on track

Exit from start-up exchange takes effect

 
8.03K
 
...
...
...
主站蜘蛛池模板: 美女张开腿让男人桶的 视频 | 天堂在线视频网站 | 亚洲综合精品一二三区在线 | 波野多衣在线观 | 久久成人精品视频 | 国产一区二区亚洲精品天堂 | 欧美一级专区免费大片俄罗斯 | 免费看的一级片 | 日韩在线欧美 | 亚洲国产激情一区二区三区 | 波多野结衣在线视频免费观看 | 131美女爱做免费毛片 | 嫩模大尺度人体福利视频 | 正在播放国产精品 | 精品看片 | 精品伊人久久久久网站 | 久草在线资源网站 | 国产精品6| 日韩特级片| 毛片免费视频观看 | 91精品在线国产 | 欧美日韩亚洲成色二本道三区 | 久久久久久国产精品免费 | 亚洲欧美一区二区三区久久 | 国产精品亚洲片在线观看不卡 | 91视频久久| 美国一级大黄香蕉片 | 日韩毛片免费视频一级特黄 | 夜色毛片永久免费 | 亚欧国产 | 国产高清免费视频 | 国产美女一级毛片 | 台湾三级香港三级在线中文 | 国产免费高清在线精品一区 | 亚洲欧美色视频 | 中国一级做a爱片免费 | 巨大热杵在腿间进进出出视频 | 男女配种猛烈免费视频 | 成人精品视频网站 | 久久999视频 | 一二三中文乱码亚洲乱码 |