Central SOE Poly Group to merge with China Silk Corp: newspaper

          Source: Xinhua| 2019-07-09 13:05:03|Editor: Yang Yi
          Video PlayerClose

          BEIJING, July 9 (Xinhua) -- China Silk Corp will become part of China Poly Group Corp in the latest restructuring of stated-owned enterprise (SOE), China Daily reported on Tuesday.

          This is the second move regarding the merge of centrally-administered SOEs this year and is an important part of deepening SOE reform with the layout and structure of SOEs further optimized, according to the paper.

          Founded in 1992 with businesses covering over 100 countries worldwide, China Poly stressed that the group would actively conduct restructuring and integration, and improve the efficiency of resource allocation to ensure a smooth transfer of assets.

          At present, China Poly has 11 secondary subsidiaries and five listed companies in both the Chinese mainland and Hong Kong, whose business covers two-thirds of the economies participating in the Belt and Road Initiative.

          Established in 1946, China Silk is a large company with businesses engaged in silk, petrochemicals, fashion magazines, estate management, new materials and foreign trade.

          "As China strives to build a group of world-class SOEs that lead in high-quality development, the central government has been accelerating the pace of the restructuring of its SOEs, which have similar industrial structure and products," said Zhou Lisha, a researcher at a research institute of the State-owned Assets Supervision and Administration Commission of the State Council.

          Zhou added that it is practical for large-scale central SOEs to merge with smaller ones to form a bigger group to further compete with international rivals.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001382115291
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  中文字幕精品视频在线看免费 | 在线播放一区二区不三区 | 香蕉97超级碰碰碰免费公开 | 亚洲第一精品在线观看AV | 六月婷婷国外视频在线 | 亚洲国产成a人v在线观看 |