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: 欧美日韩在线观看精品 | 欧美在线香蕉在线现视频 | 美国一级毛片完整高清 | 韩国视频一区 | 国产成人咱精品视频免费网站 | 日本男人的天堂 | 国产精品成人亚洲 | 国产真实乱子伦精品视手机观看 | 国产在线精品一区二区 | 国产成人午夜片在线观看 | 国产a级一级久久毛片 | 99久久精品无码一区二区毛片 | 日韩欧美国产精品第一页不卡 | 久久综合精品不卡一区二区 | 欧美亚洲另类久久综合 | 欧美一级艳片视频免费观看 | 亚洲偷偷自拍 | 男女晚上爱爱的视频在线观看 | 高清亚洲| 亚洲高清视频在线观看 | 日韩一级大毛片欧美一级 | 中文字幕天堂最新版在线网 | 中文在线观看视频 | 成人午夜在线观看国产 | 伊人色在线观看 | 免看一级一片一在线看 | 怡红院宜春院 | 亚洲视频日韩视频 | 乱人伦中文视频在线观看免费 | 欧美aⅴ在线 | 久久99热久久精品91 | 国产精品免费精品自在线观看 | 一区二区三区在线播放视频 | 免费看真人a一级毛片 | 国产成人精品男人的天堂538 | a亚洲天堂| 日韩中文字幕网站 | 亚洲欧美日韩精品高清 | 怡红院免费在线视频 | 色偷偷亚洲精品一区 | 一区二区三区四区在线免费观看 |