- published: 09 Jul 2015
- views: 752
State ownership (also called public ownership and government ownership) refers to property interests that are vested in the state or a public body representing a community as opposed to an individual or private party. State ownership may refer to ownership and control of any asset, industry, or enterprise at any level (national, regional, local or municipal); or to non-governmental public ownership. The process of bringing an asset into state ownership is called nationalization or municipalization. State ownership is one of the three major forms of property ownership, differentiated from private, cooperative and common ownership.
In market-based economies, state-owned assets are frequently managed and operated as joint-stock corporations with a government owning either all or a controlling stake of the shares. This form is often referred to as a state-owned enterprise. A state-owned enterprise might variously operate as a not-for-profit corporation, as it may not be required to generate a profit; as a commercial enterprise in competitive sectors; or as a natural monopoly. Governments may also use the profitable entities they own to support the general budget. The creation of a state-owned enterprise from other forms of public property is called corporatization.
Despite lower productivity, China’s state-owned enterprises (SOEs) became more profitable than non-SOEs around 2001. Prof Yong Wang of the Department of Economics and HKUST IEMS will show how SOEs monopolized key upstream industries and, during structural change and globalization, extracted rents from the liberalized downstream industries. The seeming prosperity of SOEs is presented as a symptom of reform incompleteness that jeopardizes China’s chance to escape the middle-income trap. At the April 25, 2015 seminar co-organized by HKUST Business School and HKUST Institute for Emerging Market Studies (IEMS), two speakers examine how China is tackling this fundamental challenge in different sectors of the economy.
Reforms in China's state-owned enterprises have been discussed for years. Some guidelines are expected to be released later in 2015. For more on what some of most pressing challenges facing state owned enterprises are, CCTV's Phillip Yin spoke to Sung Won Sohn. He is Smith Professor of Economics at California State University, and focuses on China SOE reforms.
Most of China's largest state owned enterprises or SOEs were established in the 1950s and 1960s. They cover core industries like energy, aviation, telecom and construction; each playing a pivotal role in the nation's development. Decades after the reform and restructuring of these SOEs, some of these firms have managed to claw out from the depths of financial doom to join the Fortune 500 list of companies. http://english.cntv.cn/program/newshour/20130620/104137.shtml
In India, it is often said that the government has not even looked at disinvestment for the last ten years and it has been a big miss. What are the reasons why divestment haven't really gained momentum in India? Bloomberg TV India's Mini Menon finds out answers to many such questions pertaining state --owned enterprises as she speaks with Professor Aldo Musachhio, Associate Professor of Business Administration, Harvard Business School on Lessons In Leadership.
It is often said that China gives money to Hong Kong to support its economy, but in fact, both Hong Kong’s banks and stock market are busy supporting China’s economy. And ordinary Hong Kongers play a part in that too. According to the Hong Kong Monetary Authority’s report for last year Hong Kong’s banking system transfers 51% of its deposits of non-bank financial institutions to China. Half of this, or HK$1.48 trillion, goes to state-owned enterprises. If you think these loans to China have nothing to do with the average Hong Konger, you’d be wrong. Seventy-three percent of the funds the banks use come from customer deposits. In other words, for every HK$100 you deposit in the bank, HK$20 goes to help a Chinese state-owned enterprise. What about the stock market? In the past 20 years, ...
Ellen Hodgson Brown explains the rationale behind state owned banks. Due to the collapsing credit bubble which in turned popped the housing bubble, leading to recession, and perhaps, economic depression, there is not enough money and credit to keep the economy running. Three possible solutions are that the federal government issue debt-free money directly, that communities create alternate or community complementary currencies, or that a state create its own state owned bank, similar to the Bank of North Dakota. For example, a state owned bank in Michigan could provide credit to the state itself for infrastructure projects, help provide the capital for local banks, so they could in turn provide low interest loans to home owners, small and medium sized businesses, and students. In addit...
Board member of the Liechtenstein Foundation for State Governance, Daniel Levin, says that reducing SOEs is the only way for China to continue economic growth.
China’s Party and Cabinet have issued a plan to deepen reform of powerful, but sluggish, state-owned enterprises, also known as SOE’s. Officials characterize the plan as ‘historic’, and say it should be basically completed by 2020. CCTV’s Quan Chenchen filed this report. Watch CCTV America LIVE on your computer, tablet or mobile www.cctvamericalive.com Subscribe to CCTV America on YouTube: CCTVAmerica1 Follow CCTV America: Twitter: @cctv_america Facebook: CCTVAmerica Google+: CctvamericaTvnews »» Watch CCTV America «« Washington, DC (and greater area) • MHz - Channel 3 • COMCAST (Xfinity) - Channel 273 • FIOS - Channel 277 New York City • Time Warner - Channel 134 • FiOS (Verizon) - Channel 277 Los Angeles • Charter Cable - Channel 562 • Time Warner - Channel 155 Satellite Nationw...
Oct. 26 -- Gov. Jon Huntsman, former U.S. Ambassador to China, discusses China's fifth plenum and the strong position of President Xi Jinping heading into his final five-year term beginning in 2017. He speaks on "Bloomberg ‹GO›."
Edward Goldberg teaches Global Business Studies and the complexities of Globalization and Global Business Strategies at Zicklin Graduate School of Business, Baruch College, City University of New York and is president of Annisa Group.
Get your free audiobook or ebook: http://skyble.space/mabk/30/en/B017DEKM5I/book This is the story of the carefully planned resurgence of the State Bank of India (sbi) from a laid-back incumbent under threat from private players to a customer-oriented competitive organization that has outperformed rivals despite several constraints. The leadership at Sbi succeeded in reshaping perspectives and profitability at the bank, which employs a staggering 200,000 people, not withstanding salary restrictions and regulatory bottlenecks. While the primary thrust was on changing employee attitude towards their own organization and, of course, its customers, the transformation exercise was broad-based encompassing fundamental changes in technology, processes and business-mix alike. In about three years ...
General Director Dinh Thi Quynh Van joined VITV's recent talk show "Đối thoại" to discuss the progress of state-owned enterprise equitisation in Vietnam and solutions to move this endeavour forward. Channel: VITV (SCTV8) Date: 16 October 2016 Time: 7:45pm Watch on VITV's website: http://vitv.vn/tin-video/16-10-2016/tien-trinh-co-phan-hoa-doanh-nghiep-nha-nuoc-p-2/44463
In this video, I talk about the Chinese barb that India can't do much about the trade deficit except barking. Summary from the economic times: BEIJING: The call for boycott of Chinese goods on Indian social media is "rabble rousing" as Indian products cannot compete with those of China, the state-owned media said on Wednesday. In an acerbic op-ed, Global Times launched a blitzkrieg of sort against India, saying New Delhi can only "bark" and do nothing about the growing trade deficit between two countries. China's continued opposition to India's effort to declare Pakistan-based militants as international terrorists has angered many Indians who have called for a boycott of Chinese products. It described Prime Minster Narendra Modi's pet project "Make in India" as "impractical". The...
The strike began at 5 a.m. Wednesday morning, as scheduled. Members of the Association of Pennsylvania State College and University Faculties union had previously voted to authorize a strike. Faculty members had never walked out during the state system’s 34-year history. Contract negotiations between the Pennsylvania State System of Higher Education and its faculty union ended Tuesday night without an agreement on a new contract. The Association of Pennsylvania State College and University Faculties said on its Facebook page that the state had handed it its last best offer and was done negotiating. The union said it was reviewing the state’s offer and remained at the bargaining table, “ready to talk”, through the night. The union includes faculty from Bloomsburg, California, Cheyney, Cla...
Read your free e-book: http://appgame.space/mebk/50/en/B01DM26RHW/book The greatest economic challenge facing China in the post-deng era is the reform of unprofitable, state-owned enterprises (soes) which threaten to drag down the rest of the economy. Despite an array of well-intentioned, market-oriented reform measures, these firms have never truly been forced to face the pressure of a bottom line, or the threat of bankruptcy. Forging Reform in China explains how and why these measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. The author investigates firm-level processes, including case studies of China's steel industry giants, revealing institutional and systemic barriers to market-oriented performance. This book makes a compelling ...
Spokesman TV talked to public at large to know their views about travelling in private buses or government owned fleets. Some of the answers will leave you astonished.
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00AXWIKUM/book This book provides a detailed description of state-owned enterprises (soes) in China with respect to both efficiency and income distribution. It demonstrates that state ownership in the form of Soes does not use resources efficiently, holds a poor record in income distribution, and enjoys unfair advantages while competing with other firms. To illustrate this, the book presents data on how favored policies, monopolistic powers, and subsidies benefit Soes.this book, with its rich empirical data and information, serves as an authoritative reference for researchers interested in Soes. It is also a good read for students of social sciences and general public.contents:the Theory and Process of Soe Reformclassification of S...
PANEL 4: SHAREHOLDER VALUE CREATION IN STATE-OWNED ENTERPRISES • The State acting as an owner. Who is the real Shareholder? • Transparent nomination of the Board and the Management • Empowering the Board of a State Owned Enterprise: mandate and responsibility • How should the State communicate to the State Owned Enterprise Board, it objectives and expectations Introductory statements by Anders Berg, Chair of the Working Party on State Ownership and Privatisation Practise, OECD; Director in the Ownership Department, Norwegian Ministry of Trade and Industry Panel 4 moderated by: Daiga Auziņa-Melalksne, Head of Baltic Exchange Services at NASDAQ OMX; Chairman of Management Board of NASDAQ OMX Riga; Chairman of the Board of the Baltic Institute of Corporate Governance Panellists: A...
The news that China is pursuing tepid reforms for its massive state-owned companies is deflating to anyone who believed the proclamations from two years ago that China was taking big steps toward economic liberalization under then-new president Xi Jinping. On Sunday, the government announced reforms allowing SOEs to accept private investors. That was it. There was no talk about replacing managements run by politicians; no discussion about making SOEs accountable to anyone besides the Communist Party, only two years after the Xi government said markets would take a “decisive function in resource allocation.” The state-controlled press of course spun the weak reforms positively, writing that SOEs would become more robust and move towards fully independent market entities. But that appears un...
Chairman of the Caribbean Corporate Governance Institute (CCGI), Dr Axel Kravatzky, and Richard Frederick, Advisor on Good Governance, are interviewed by Fazeer Mohammed of TV6 on Corporate Governance of State Owned Enterprises in Trinidad & Tobago
http://www.weforum.org/ September 14 2010 The Future of State Owned Enterprise
Peter Ndoro at TNA in Cape Town with the Minister of Public Enterprises, Lynne Brown & panel discuss the Shareholders report on State owned Companies in the Department of Public Enterprises. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
Peter Ndoro at TNA in Cape Town with the Minister of Public Enterprises, Lynne Brown & panel discuss the Shareholders report on State owned Companies in the Department of Public Enterprises. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
www.abndigital.com In March this year the South African government released a report on the future of South Africa's state-owned entities. The 215-page document sets out the short, medium and long term implementation plans for the various recommendations listed in the report. Joining ABN's Karima Karima Brown is Minister of Public Enterprises, Malusi Gigaba to discuss the future of State Owned Enterprises and how the proposed changes are set to affect the sector as a whole.
(feat. Lloyd Banks, Tony Yayo)
Yo, niggas be askin me 'yo 50 who you got beef wit?'
I'm a tell yall niggas who I got beef wit
I got beef wit any nigga I can't make no money wit
If I can't make no money wit you, fuck you nigga
G-Unit nigga, thats whatsup cause I said thats whatsup
[Tony Yayo]
I get money, money I got
so its a 100 grams or better when I'm going to cop
I never hold the toaster cause I use my little soldier
And my down bitch as a holster, like I'm supposed ta
heavy pistol sales for living
my gun rip through lungs and tear through tissue
while I'm out for the ends, you out for a rep
thats the same thing that have yo mama in a black dress
see me in a black lex, hard-top
My mink drop-top, fresh out the carlot
I got the gift of raw pugilist speeches(?)
So I'm gon sell like the box office features
Niggas in the hood can't see G-UNIT!
but deep in they heart they wanna be G-UNIT!
cause we got them three b's: benzes, burners and bitches
and plus we on the road to the riches
[Chorus: repeat 2X]
You can say what you want about me
As long as you don't get in the way of my money
Cause all that talking shit to me played out
Nigga keep bumping your gums you get laid out
[Lloyd Banks]
Lately I been going through a phase
Hope they aint tap the phones
Cause we got pumps the size of saxophones
Therefore I'm on the move with the squad
I'm stingy as ever, known to trick fast food on a broad
Picture me putting jewels on a broad
I'd rather put shoes on the car
A pool in the yard
You don't really wanna fool with the god
Nigga my front line long enough to fill two boulevards
In this game, you only make it far if you loyal
And if you grew up with your mother and your father you spoiled
Why swing, you gotta be strapped to get rid of me
Ill leave you in water like the statute of liberty
Tryin to be cool
Blowin green that strong enough to make a white boy open fire on a school
Keep rappin for your hood, I'm rappin for benzes
And long assault rifles with straps on the lenses
[Chorus]
[50 Cent]
Yall niggas gotta learn from me (Yeah!!)
What I learned from Gotta Rock and Spank G (Un-Huh)
Yall niggas gotta learn from me (Yeah!!)
What I learned from watching Brucie B
Look, I shot the sheriff
And nigga if you get too close yo punk ass getting shot
Here's the plan, I'm a keep stackin my ends
Till I'm on airplane seats in the Maebach benz
I'm all about the chips
I done took them trips
22's on the 6
26 on the bricks
And them outta town niggas, I'm chargin yall more
I tapdance on the shit I aint servin it raw
You sell smoke, look nigga I got what you need
But it aint goin cheap I got mouths to feed
Niggas always sayin damn 50 you bugged
Cause I got hoes giving niggas the date rape drug
Gimme his watch and his chain
We not the same, he a lame
He want pussy I'm bout my money man
Crap table in Vegas had his bitch on my dick
Threw a 7 so many times they thought the dice was fixed
Yo its 50, when your mindframe change and start to rearrange
I'll see you another day motherfucker it's 50
Shots 'til your heart drop and freeze up, ease up motherfucker
[Chorus]