Caixin OnlineBusiness & IndustryTop Stories Industry State-Owned Oil Firms Head into Uncharted Waters by Inviting Outside Investors
03.24.2014 19:11

State-Owned Oil Firms Head into Uncharted Waters by Inviting Outside Investors

Sinopec and CNPC are take a cue from decisions made at a major Communist Party meeting last year to launch pilots aimed at mixed-share ownership
By staff reporters Huang Kaixi, Wang Xiaobing and Yu Ning

(Beijing) – Since February, state-owned oil majors have taken steps toward pilots in mixed-share ownership, following central government calls for reforms to state-owned enterprises (SOEs).

After the Chinese New Year, China Petroleum and Chemical Corp. (Sinopec) announced plans to restructure its sales assets, estimated to be worth over 300 billion yuan, to introduce non-state investors in a mixed-ownership pilot in which not less than 30 percent of shares of a new company will be offered to investors.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ