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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

New rules for overseas deals

By Bao Chang | China Daily | Updated: 2012-04-12 08:02

New rules for overseas deals
Technicians from China Road and Bridge Corporation work at a port construction site in Mombasa, Kenya. Zhao Yingquan / Xinhua

 

Central SOEs ordered to stay out of financial investment and non-core areas

Central government State-owned enterprises have been ordered to stay out of financial investment and other non-core activities overseas in a move to improve regulation of outbound investment by SOEs.

The order, effective May 1, came in a provisional regulation from the State-owned Assets Supervision and Administration Commission, which supervises about 110 central SOEs.

The regulation is the third of its kind regarding central SOEs' overseas investment. Measures covering assets and property rights were released during the past two years.

The latest regulation states that central SOEs are "in principle" forbidden to invest in non-core businesses abroad, though the commission can approve cases where there is a special need.

"One of our major tasks this year is to strengthen oversight of SOEs' investment by ordering them to suspend or postpone projects unrelated to their core business and those lacking competitiveness," said Shao Ning, deputy chief of the commission.

As central SOEs have expanded abroad, their overseas investment has become increasingly diversified.

Their investment destinations have evolved from Asian and African countries to Europe and the United States, and the target industries have shifted from resources and manufacturing to services and finance.

SOEs are supposed to improve their risk-prevention capacity while taking advantage of global capital markets, the commission said.

Yang Bin, a researcher at the Chinese Academy of Social Sciences, a government think-tank, said central SOEs should not engage in financial investment such as international hedging, which could easily be subject to manipulation.

"In the current volatile global economy, some enterprises may move to invest in financial products, which they might see as more profitable than investment in industry.

"However, the risk can be extreme in unstable financial markets," Yang added.

Du Shengxi, a spokesman for China Communication Construction Co Ltd, told China Daily the new regulation gives enterprises a clear view of their overseas investment plans.

Du said China Communication Construction has been focusing on investment related to its core business, including the construction of ports, docks, roads and bridges, since it began to expand abroad.

The largest State-owned builder of transport projects will establish its first overseas investment company, with the investing ability of $500 million, in Hong Kong in the first half to speed up the company's global expansion.

At the end of 2010, central SOEs held 2.66 trillion yuan ($422 billion) in assets outside the Chinese mainland, up 50 percent from 2009.

The enterprises' total profit between January and November grew 28 percent year-on-year.

Shao said China's overseas assets have been profitable. Revenue generated from foreign assets accounts for 37 percent of central SOEs' total revenue.

The new regulation also clarifies the definition of overseas investment and specifies SOEs' investment regulatory responsibilities and overseas investment procedures.

The commission said that central SOEs' overseas investment is still in its infancy, and the companies lack maturity in strategic service awareness and market research.

baochang@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 呦女亚洲一区精品 | 亚洲福利影视 | 性xxxx奶大欧美高清 | 91久久精品国产91久久性色tv | 在线观看国产欧美 | 免费一级在线观看 | 国产一区二区三区免费在线观看 | 国产伦精品一区二区三区无广告 | 韩国精品一区二区三区在线观看 | 国产成人精品一区二区免费 | 亚洲精品久久久久午夜三 | 在线亚洲一区二区 | 欧美特黄高清免费观看的 | 国产精品一一在线观看 | 亚洲视频黄 | 亚洲日韩中文字幕在线播放 | 国产综合久久久久 | 国产精品爽爽va在线观看无码 | 三级毛片免费看 | 手机看片福利永久 | 日韩精品视频免费在线观看 | 久久精品.com| 99免费在线| 午夜精品视频在线观看美女 | 高清一级毛片 | 国产日本三级欧美三级妇三级四 | 91亚洲综合 | 国产精品久久久久久久久久免费 | 国产成人99久久亚洲综合精品 | 97在线视频观看 | 国产精品久久久精品三级 | 看中国一级毛片 | 手机看片免费基地你懂的 | 日本一线一区二区三区免费视频 | 国产女人在线观看 | 性欧美videos俄罗斯 | 天天做天天爱夜夜大爽完整 | 欧美高清成人 | 亚洲专区在线 | a欧美视频 | 一级一级毛片免费播放 |