Skip to main content

China Southern Airlines’ subsidiary announces restructuring

Abstract : China Southern Airlines General Aviation Limited announced ownership restructuring on Thursday as the country pushes mixed-ownership reform of state-owned enterprises (SOEs).

BEIJING, Nov. 26 (Xinhua) — China Southern Airlines General Aviation Limited announced ownership restructuring on Thursday as the country pushes mixed-ownership reform of state-owned enterprises (SOEs).

A subsidiary of China Southern Airlines, a major carrier of the country, the company has introduced three investment entities as its stockholders, including a fund established last year to push mixed-ownership reform of SOEs.

After the restructuring, the registered capital of China Southern Airlines General Aviation Limited would increase to 1.34 billion yuan (204 million U.S. dollars) from 1 billion yuan.

China Southern Airlines Company Limited will continue to hold a controlling stake in the company.

China has been pushing mixed-ownership reform of SOEs to encourage market operations and enhance efficiency. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Southern Airlines’ subsidiary announces restructuring

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...
Post a Comment
Read more

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...
Post a Comment
Read more

Feature: Chinese scientists help Sri Lanka cope with marine disasters, climate change

Abstract : On June 2, hundreds of security personnel in COVID-19 protective clothing were busy removing tons of chemical pollutants and plastic from a beach in Colombo. About 9.5 nautical miles into the sea, they could see the charred remains of a foreign vessel swaying in the gusty monsoon wind. COLOMBO, June 3 (Xinhua) — On June 2, hundreds of security personnel in COVID-19 protective clothing were busy removing tons of chemical pollutants and plastic from a beach in Colombo. About 9.5 nautical miles into the sea, they could see the charred remains of a foreign vessel swaying in the gusty monsoon wind. On May 20, the X Press Pearl container vessel loaded with chemicals exploded and caught fire off Colombo Port. Many of the containers and other polluting materials on board fell into the sea and were being washed ashore, posing a serious threat to the environment. On day two after the explosion, Chinese experts from the China- Sri Lanka Joint Center for Education and Research (...
Post a Comment
Read more