在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Companies

Mixed-ownership reforms strengthen steel giant Baowu

By Wang Ying | China Daily | Updated: 2018-02-07 07:42
Share
Share - WeChat
An employee moves molten iron at a furnace in a production area of Baowu Steel Group in Wuhan, capital of Hubei province. [Photo provided to China Daily]

State-owned China Baowu Steel Group's general manager said the nation's largest steelmaker has benefited from mixed ownership reforms, and will continue to introduce private and foreign investors into all of its subsidiaries.

"Over the past few years, Baowu has greatly enhanced its competitiveness through mixed ownership reform. This is the direction we are going to stick with," said Chen Derong, general manager of Baowu Group.

"Mixed ownership is the key to enhancing Baowu's vitality, competitiveness and capability for risk control."

As one of the nation's 10 State-owned enterprises to pilot mixed ownership reform, Baowu has increased its total non-State investment to 1.73 billion yuan ($275 million) since 2015.

Currently, nearly half of Baowu's subsidiaries have adopted mixed ownership structures, with the 249 firms' registered capital totaling 117.3 billion yuan.

The group reported more than 460 billion yuan in revenue last year, with its profits doubling to 14 billion yuan from a year earlier.

"Such a result was realized on the backdrop of the ownership reform," Chen said.

"Mixed ownership is just like steel making. Raw iron, nickel or chromium have little value individually, but once they are mixed together, the alloy will acquire special characteristics such as being stainless or very strong."

According to Chen, by bringing different investors and parties together, the enterprise will acquire new strengths, and will be able to operate and develop more healthily on the global stage.

Last June, Baowu opened up subscriptions of its wholly owned online steel transaction platform Ouyeel Co Ltd to partners and employees, raising 1 billion yuan.

By opening its shares to more institutions and individuals, Ouyeel is now further diversifying its business scope, optimizing its management and introducing more high-quality resources.

"It is difficult to strike a balance among all parties' interests, but this also strengthens the company's ability to solve all kinds of problems," said Jin Wenhai, senior vice-president of Ouyeel, who is also one of the employees selected to become a shareholder.

"Our goal is to make Ouyeel a fully market-oriented firm, and it does not matter if Baowu owns the largest stake," Chen said, adding that similar rules will apply to its other subsidiaries.

China's steel industry is currently undergoing restructuring and upgrades in terms of regional supply and demand, product structure, as well as steel manufacturing techniques, said Yu Hong, general manager of Four Rivers Investment Management Co Ltd.

The company is a fund that launched last year aiming to push forward the steel industry's restructuring and upgrade.

Baowu's Hwabao Investment Co Ltd and US-China Green Fund each hold a 25 percent stake in Four Rivers while WL Ross & Co holds 26 percent and China Merchants Finance Holdings Co Ltd 24 percent.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 中文字幕日韩欧美一区二区三区 | 国产精品久久久久久亚洲调教 | 日韩激情一区二区 | 97精品视频在线 | 久久之精品 | 日韩高清国产一区在线 | 国产日韩精品入口 | 日韩成人av在线 | 国产精品7 | 91精品久久久久久久久久入口 | 日本成人午夜影院 | 色婷网| 亚洲自拍一区在线观看在线观看 | 久久久久国产 | 欧美乱妇高清无乱码 | 亚洲成人精品 | 成人毛片免费在线观看 | 国产视频久久久久 | 91香蕉视频 | 亚洲高清视频在线 | 久久久久无码国产精品一区 | 在线观看一区 | 一区二区三区在线播放 | 久久com| 综合五月 | 欧美一级内谢 | 午夜精品久久久久久久99黑人 | 久久窝 | 三级电影网址 | jizz18女人高潮 | 日韩一区二区在线观看视频 | 亚洲视频在线播放 | 久久精品亚洲a | 美女人人操| 一区二区三区精品视频 | 嫩草研究院在线观看入口 | 韩国三级中文字幕hd有奶水 | 成人免费视频视频在线观看 免费 | 久久蜜桃av一区二区天堂 | 污网站免费在线观看 | 99精品免费|