# state-owned enterprise
Latest news and articles about state-owned enterprise
Total: 5 articles found
Shenzhen Stock Exchange Reports First Fall in Average Pay Since 2019 as Wage Bill Shrinks
Shenzhen Stock Exchange reported a drop in average pre‑tax annual pay to RMB 484,900 in 2024, an 8.63% decline year‑on‑year and the first sub‑RMB 500,000 average since 2019. Total wage payments fell despite a higher headcount, while senior executives’ disclosed pay remained modest by international exchange standards.
Chairman of Baijiu Giant Wuliangye Placed Under Disciplinary Probe, Raising Questions About SOE Oversight
Zeng Congqin, chairman and party secretary of Sichuan Yibin Wuliangye Group and its listed unit, is under disciplinary and supervisory investigation by Yibin’s discipline inspection commission. The probe raises questions about governance at one of China’s largest baijiu producers and may have political, market and operational repercussions.
Dongfeng’s Lantu Cleared for Hong Kong Listing, Marking a Milestone for State‑Owned EVs
Lantu has secured all pre‑listing regulatory approvals and conditional HKEX consent to list in Hong Kong by way of introduction, following a CSRC filing valid from January 22. The listing is embedded in a two‑stage corporate restructure that will distribute Lantu shares to Dongfeng shareholders and privatize Dongfeng Group, positioning Lantu as a likely first centrally owned EV firm to list overseas.
China’s ‘First Grain Stock’ Hit with Regulatory Rebuke After Subsidiary’s Fake Trades Inflate Revenue
Hunan regulators found that a Jinjian Rice Industry subsidiary used circular, empty trades from 2020–2022 to improperly inflate revenue by over RMB 586 million. The company was ordered to correct disclosures and four former executives received warning letters and were added to the securities‑market integrity file. Jinjian has since divested trading units and repositioned toward grain and oil processing to reduce trading exposure.
New 24/7 Hotline Signals Push to Professionalize Civilian Support for the PLA
China Rongtong Group has opened a 24/7 hotline (956081) to provide centralised services to PLA units, servicemembers and their families. The move formalises civilian‑run support across hotel, barracks, technology transfer and HR functions and reflects Beijing’s broader civil‑military integration strategy.