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

  Home>News Center>China
       
 

Management buyout allowed in major China's SOEs
(Xinhua)
Updated: 2006-01-22 14:34

Managerial staffs of China's major state-owned enterprises (SOEs) are permitted to hold shares of their own firms during assets or shares increase of the SOEs, according to the country's state-owned assets administer.

Management buyout allowed in major China's SOEs
A file photo of the state-owned Assets Supervision and Administration Commission of the State Council. [Nanfang Daily]

Total shares held by the managerial staff should be less than the volume that could absolutely or relatively control the SOEs, according to a document issued by the State-owned Assets Supervision and Administration Commission (SASAC) and approved by the State Council.

In order to contain insiders-control and state-owned assets losses, SASAC and the Ministry of Finance jointly issued a document in April 2005, forbidding management buyout (MBO) in large-scale SOEs.

"The inspiring and inhibiting role of MBO has been approved in some large corporations overseas, and the practice of some of our major SOEs also prove the measure to be effective," a SASAC official noted.

Generally, managerial staff holding a small amount of their companies' share will not lead to insiders-control or state-owned assets losses, so long as the MBOs are "rigidly controlled and canonically operated", said the official.

According to the official, the newly-issued document sets several conditions to "strictly control" the MBOs. Only those who won their positions through competition instead of appointment, or who have made major contributions to the companies, could hold the shares of the SOEs.

The MBOs must be approved by the supervisory departments of state-owned assets, and the total shares held by the entire managerial staff should be less than the volume that could control the SOEs.

The managerial staff is banned from being involved in major proceedings like drafting reform plans and fixing prices of state-owned assets; and should provide certificates that can prove the validity of their capital sources.

Those managerial members bearing direct accountability for the decline of their companies' performance could not hold shares of the companies.

According to the document, the MBOs does not include the shares and futures awarded to the managerial staff.



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Market conditions not ready for MBOs
   
Focus: 'The last land grab in China'
   
State authorities recognizing MBOs
   
Foreign firms tap huge MBO market
   
MBO bid needs transparency
   
China to issue detailed regulation on MBO
   
China to issue detailed regulation on MBO
   
China to beat illegal MBO by enacting law
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国产美女操 | 国产一区在线看 | 国产欧美日韩在线观看一区二区三区 | 精品视频免费在线观看 | 亚洲欧美二区三区久本道 | 日韩精品在线一区二区 | 三级黄色片在线免费观看 | 欧洲美女a视频一级毛片 | 国产黄色小视频在线观看 | 国产资源精品一区二区免费 | 免费一区区三区四区 | 一级女性生活片 | 久久久久久久岛国免费观看 | 免费一级a毛片在线播放 | 久草在线中文 | 看一级特黄a大片日本片 | 九九色视频在线观看 | 欧美久久精品 | 性欧美精品孕妇 | 中文字幕综合在线 | 碰碰碰精品视频在线观看 | 国产香蕉在线视频一级毛片 | 久久怡红院亚欧成人影院 | 亚洲精品国产一区二区三区四区 | 国产乱理片在线观看夜 | 一级做a爱过程免费观看 | 制服丝袜怡红院 | 亚洲午夜在线播放 | 国产一区二区三区视频在线观看 | 久久久久久久久久久大尺度免费视频 | 日本一区二区高清不卡 | 国产成人免费高清视频网址 | 九九精品成人免费国产片 | 精品午夜寂寞黄网站在线 | 成人在线中文字幕 | aaaaaaa毛片| 欧美级| 国产手机国产手机在线 | 国产成人91一区二区三区 | www.久久久| 欧美69xx |