# state-owned enterprise
Latest news and articles about state-owned enterprise
Total: 2 articles found
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.