China gives private aye for key state companies
Source: Xinhua |
May 14, 2010, Friday
|
Print Edition
Print Edition
China's government has opened a new range of government-run industries to the private sector, either through investment in existing companies or establishment of new firms.
The government also announced yesterday that it would improve financing services and simplify administrative procedures for private sector involvement in those industries.
Water projects, power generation, mining, and logistics - currently mainly state-controlled - would be opened to the private sector, said a statement on the central government Website.
The statement also reiterated the opening of sectors announced at a State Council executive meeting in March, including education, welfare, transport infrastructure, telecommunications and energy, public utilities, scientific and technological programs for national defense, affordable housing construction and cultural industries.
Private investors could also participate in the establishment of financial institutions by investing in commercial financial institutions and establishing rural banks, credit companies, credit guarantee companies, and rural fund cooperatives.
Private companies were welcomed to participate in the reform of state firms through asset acquisitions or increasing their holdings in them, the statement said.
The government also restated its support for independent innovation in the private sector, encouraging the development of new products and investment in emerging industries, such as bio-medicine, new energy, environment protection and recycling.
Private companies were encouraged to boost overseas investment via international operations outside China, establishing multinational corporations and developing leading brands.
The government would improve financing services for private companies by strengthening the venture capital investment system.
The government would simplify administrative procedures by making them more efficient and cutting fees.
It promised to step up efforts to create a good environment for private investment by setting up a sound administrative service system and amending unfavorable laws and regulations in its March statement.
The government also announced yesterday that it would improve financing services and simplify administrative procedures for private sector involvement in those industries.
Water projects, power generation, mining, and logistics - currently mainly state-controlled - would be opened to the private sector, said a statement on the central government Website.
The statement also reiterated the opening of sectors announced at a State Council executive meeting in March, including education, welfare, transport infrastructure, telecommunications and energy, public utilities, scientific and technological programs for national defense, affordable housing construction and cultural industries.
Private investors could also participate in the establishment of financial institutions by investing in commercial financial institutions and establishing rural banks, credit companies, credit guarantee companies, and rural fund cooperatives.
Private companies were welcomed to participate in the reform of state firms through asset acquisitions or increasing their holdings in them, the statement said.
The government also restated its support for independent innovation in the private sector, encouraging the development of new products and investment in emerging industries, such as bio-medicine, new energy, environment protection and recycling.
Private companies were encouraged to boost overseas investment via international operations outside China, establishing multinational corporations and developing leading brands.
The government would improve financing services for private companies by strengthening the venture capital investment system.
The government would simplify administrative procedures by making them more efficient and cutting fees.
It promised to step up efforts to create a good environment for private investment by setting up a sound administrative service system and amending unfavorable laws and regulations in its March statement.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
