Meanwhile, the telephone network is usually in the hands of a state-owned (or formerly state-owned) monopoly that is reluctant to cannibalise corporate high-speed Internet access revenues by offering cheaper broadband.
Broadman recalls working with the Chinese leadership on restructuring state-owned enterprises and corporate governance reform in the early 1990s while he was at the World Bank.
FORBES: The Real Danger, and Opportunity, for Businesses in Egypt
While much of this debt is sold by the government for construction projects and bought by state-owned banks and enterprises, corporate debt is rising and represents more than 10%, from around 5% in 2009.
The state-owned Superdome is ripe for a fat corporate naming rights deal.
FORBES: Saints Victory Could Make Owner Benson a Billionaire
Much of the money comes from a group of corporate sponsors and investors that includes state-owned lender OAO Sberbank, state-owned oil giant OAO Rosneft and oligarch Vladimir Potanin's holding company Interros.
While central government finances and household debt are in good shape, corporate debt is a worry among inefficient state-owned enterprises.
FORBES: Temper China Growth Expectations, Says CLSA Cheerleader
Southern Weekly reported the news, and suspected the SASAC (state-owned assets supervision and administration commission) policies for punishment and the central corporate nominating system were to blame.
FORBES: Weird Things That People Get Used To In China: Part 2
According to a report put together by Altegrity Risk International, a corporate security firm based in New York City, the Mexican state-owned oil company Pemex is being targeted by organized crime.
If the Chinese government wants to better insulate itself from a possible risk that there could be widespread allegations of fraud directed at several state-owned enterprises and internationally well-recognized Chinese companies, it needs to institute strong corporate governance policies on its more prestigious and successful companies.
FORBES: How to Ensure Strong Boards and Proper Accounting Standards in China
The 537 Sparkassen (savings banks), mainly owned by municipalities, and the 12 Landesbanken, regional banks owned by state governments and savings-banks associations, account for 39% of domestic retail and corporate deposits and 35% of bank lending.
应用推荐