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China Milan Equity Exchange
CMEX (China Milan Equity Exchange) is the first equity exchange platform set up in Europe to help European companies gain access to the ongoing privatization process of Chinese State-owned enterprises. China's equity exchanges were set up by the Chinese government in an effort to ensure the transparent, regulated, fair and open privatization of state-owned equity. Background In 2003, the Chinese Government launched the widest privatization policy of State-owned enterprises ever implemented in the world's economic history. Thousands of State-Owned companies were put on sale through a standardized procedure designed to ensure transparency and efficiency in the acquisition process by private enterprises. Foreign companies have the chance to participate to the bidding process for the privatization of Chinese state-owned companies through equity exchange platforms that are directly supervised by the State Assets Supervision Administration Commission (SASAC). CBEX (China Beijing Equit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity Exchange
Equity may refer to: Finance, accounting and ownership *Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the difference between the market value and unpaid mortgage balance on a home ** Private equity, stock in a privately held company ** The equity method of accounting for large investment interests Business, justice and law * Equity (law), in common law jurisdictions * Equity (economics), the study of fairness in economics * Educational equity, the study and achievement of population-proportionate group inclusion and credentialing in education * Intergenerational equity, equality and fairness in relationships between people in different generations (including those yet to be born) * Equity theory, on the relations and perceptions of fairness in distributions of resources within social and professional situations. * Employment equity (Canada), policy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ownership Equity
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CBEX
China Beijing Equity Exchange (CBEX; ) is an equity transaction bourse and platform run by the government of Beijing for mergers, acquisitions and restructuring of state-owned enterprises. Background China Beijing Equity Exchange was established in 1994 and now conducts more than 50% of equity transfer, M&A and reconstruction operations in China. CBEX is the sole institution for the transfer of ownership of state-owned enterprises, selected by the Beijing Municipal State-owned Assets Supervision and Administration Commission, and also one of the first trial equity transaction institutions authorized by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) for the transfer of ownership of state-owned enterprises owned by the Central Government. This implies that the largest and most profitable Chinese State-owned companies must necessarily be privatized through CBEX or one the remaining two Equity Exchanges authorised to this purpose. It is th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Beijing Equity Exchange
China Beijing Equity Exchange (CBEX; ) is an equity transaction bourse and platform run by the government of Beijing for mergers, acquisitions and restructuring of state-owned enterprises. Background China Beijing Equity Exchange was established in 1994 and now conducts more than 50% of equity transfer, M&A and reconstruction operations in China. CBEX is the sole institution for the transfer of ownership of state-owned enterprises, selected by the Beijing Municipal State-owned Assets Supervision and Administration Commission, and also one of the first trial equity transaction institutions authorized by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) for the transfer of ownership of state-owned enterprises owned by the Central Government. This implies that the largest and most profitable Chinese State-owned companies must necessarily be privatized through CBEX or one the remaining two Equity Exchanges authorised to this purpose. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Go Global
Go Out policy () is the People's Republic of China's current strategy to encourage its enterprises to invest overseas. Most nations favour attracting inward foreign investment, and support outward foreign investment only passively. The People's Republic of China, however, attaches importance to both inward and outward foreign investment. Causes * The People's Republic of China has amassed huge amounts of foreign reserves, thus putting upward pressure on the foreign exchange rate of renminbi, the Chinese currency. Indeed, there has been much demand from the international community for the PRC to float its currency. In order to deflate that demand, the PRC seeks to employ its foreign reserves by acquiring assets overseas. * The PRC is opening up the domestic market in mainland China as a result of its open door policy, which is further accelerated by its commitments when entering the World Trade Organization. Therefore, the PRC can foresee that world class competitors are no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |