Free Trial

The State-owned Assets Supervision......>

CHINA PRESS
CHINA PRESS: The State-owned Assets Supervision and Administration Commission
said some 300 zombie enterprises would be eliminated and integrated into other
companies by the end of this year, the Securities Daily reported Friday. In
2016, the commission dealt with 171 zombie companies as well as restructured and
took other measures to improve 249 companies which had extremely poor
performances, leading to an increase in efficiency worth CNY51.2 billion,
according to the newspaper, including the dismissal of 120,000 employees. The
Commission's next step is to reduce the leverage of state-owned enterprises and
dispose zombie companies. (Securities Daily)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.