SOE dividend scheme comes closer to fruition

Legal and Regulatory

Friday, September 05, 2008 23:43:56

	SOE dividend scheme comes closer to fruition By STAFF EDITOR Published: December 13, 2007 12:00 PM China’s state-owned enterprises are likely to pay at least US$6.78 billion (RMB50 billion) and as much as US$10.84 billion (RMB80 billion) to the central government under a proposed dividends collection scheme, the Shanghai Securities News reported. The majority of the profits passed on to the government will be earmarked for the pension ... You are currently reading 55 words of 167 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: steel , pension	More Articles in Legal and Regulatory > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > China launches global hunt for SOE compliance chiefs SOEs report US$244b in revenue for 2007 Pension fund may be allowed to take on risk Tightened macro controls are inevitable, say experts Shanghai eases SME entry threshold Beijing, Tianjin consider financial integration Calls to raise income tax threshold as tax take outstrips growth

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