久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Companies

Mixed-ownership reforms strengthen steel giant Baowu

By Wang Ying | China Daily | Updated: 2018-02-07 07:42
Share
Share - WeChat
An employee moves molten iron at a furnace in a production area of Baowu Steel Group in Wuhan, capital of Hubei province. [Photo provided to China Daily]

State-owned China Baowu Steel Group's general manager said the nation's largest steelmaker has benefited from mixed ownership reforms, and will continue to introduce private and foreign investors into all of its subsidiaries.

"Over the past few years, Baowu has greatly enhanced its competitiveness through mixed ownership reform. This is the direction we are going to stick with," said Chen Derong, general manager of Baowu Group.

"Mixed ownership is the key to enhancing Baowu's vitality, competitiveness and capability for risk control."

As one of the nation's 10 State-owned enterprises to pilot mixed ownership reform, Baowu has increased its total non-State investment to 1.73 billion yuan ($275 million) since 2015.

Currently, nearly half of Baowu's subsidiaries have adopted mixed ownership structures, with the 249 firms' registered capital totaling 117.3 billion yuan.

The group reported more than 460 billion yuan in revenue last year, with its profits doubling to 14 billion yuan from a year earlier.

"Such a result was realized on the backdrop of the ownership reform," Chen said.

"Mixed ownership is just like steel making. Raw iron, nickel or chromium have little value individually, but once they are mixed together, the alloy will acquire special characteristics such as being stainless or very strong."

According to Chen, by bringing different investors and parties together, the enterprise will acquire new strengths, and will be able to operate and develop more healthily on the global stage.

Last June, Baowu opened up subscriptions of its wholly owned online steel transaction platform Ouyeel Co Ltd to partners and employees, raising 1 billion yuan.

By opening its shares to more institutions and individuals, Ouyeel is now further diversifying its business scope, optimizing its management and introducing more high-quality resources.

"It is difficult to strike a balance among all parties' interests, but this also strengthens the company's ability to solve all kinds of problems," said Jin Wenhai, senior vice-president of Ouyeel, who is also one of the employees selected to become a shareholder.

"Our goal is to make Ouyeel a fully market-oriented firm, and it does not matter if Baowu owns the largest stake," Chen said, adding that similar rules will apply to its other subsidiaries.

China's steel industry is currently undergoing restructuring and upgrades in terms of regional supply and demand, product structure, as well as steel manufacturing techniques, said Yu Hong, general manager of Four Rivers Investment Management Co Ltd.

The company is a fund that launched last year aiming to push forward the steel industry's restructuring and upgrade.

Baowu's Hwabao Investment Co Ltd and US-China Green Fund each hold a 25 percent stake in Four Rivers while WL Ross & Co holds 26 percent and China Merchants Finance Holdings Co Ltd 24 percent.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 国产三级做爰在线观看视频 | xxx国产老太婆视频 xxx欧美老熟 | 亚洲视频在线一区 | 亚洲精品一级一区二区三区 | 亚洲国产成人最新精品资源 | 久久99国产精品久久 | 免费播放欧美毛片欧美a | 一级高清毛片免费a级高清毛片 | 日韩加勒比 | 免费一级美国片在线观看 | 国产精品爱久久久久久久9999 | 特级毛片全部免费播放器 | 色黄在线 | 中国嫩模一级毛片 | 99国产精品热久久久久久夜夜嗨 | a级免费网站 | 久久成人动漫 | 国产亚洲福利精品一区二区 | 99国产福利视频区 | 午夜黄色毛片 | 在线观看日本亚洲一区 | 国产乱码精品一区二区三区中 | 欧美老妇免费做爰视频 | 日韩美女毛片 | 中文字幕二区三区 | 久久久久久久久久久9精品视频 | 中文字幕亚洲一区二区三区 | 正在播放国产乱子伦视频 | 日本高清在线中文字幕网 | 在线视频观看一区 | 国产色a| 亚洲区精品久久一区二区三区 | 一区精品视频 | 福利视频专区 | 欧美一区不卡二区不卡三区 | 草草影院ccyycom | 日本a级精品一区二区三区 日本a级毛片免费视频播放 | 新版天堂资源中文在线 | 国产小说 | 国产一级久久免费特黄 | 手机在线观看黄色网址 |