Sinopec Oilfield Service Corp, a Shanghai-listed unit of state-owned Sinopec, the top Asian crude refiner, is now the forerunner with an estimated loss of 16 billion yuan (US$2.
3 billion).
China`s state owned enterprise (SOE) reform is facing fresh questioning as a state controlled company is almost certain to post the greatest financial loss among the country`s nearly 2,800 A-share listed firms in 2016.
More from the South China Morning Post:Could SOE reform in China usher in the next economic revolution? The preliminary result, released in its exchange filing on January 20, is very close to the record high 16.
3 billion yuan loss registered by Chalco, the listed unit of China`s second largest aluminium producer Chinalco, in 2014.
China has launched a series of reforms since 2014, including experiments with mixed ownership, state asset investment holding groups, salary controls and merging SOEs in similar industries.
3 billion).
China`s state owned enterprise (SOE) reform is facing fresh questioning as a state controlled company is almost certain to post the greatest financial loss among the country`s nearly 2,800 A-share listed firms in 2016.
More from the South China Morning Post:Could SOE reform in China usher in the next economic revolution? The preliminary result, released in its exchange filing on January 20, is very close to the record high 16.
3 billion yuan loss registered by Chalco, the listed unit of China`s second largest aluminium producer Chinalco, in 2014.
China has launched a series of reforms since 2014, including experiments with mixed ownership, state asset investment holding groups, salary controls and merging SOEs in similar industries.
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