Searching for "SASAC"
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According to an industry insider, China Mobile (NYSE: CHL; 0941.HK) will gradually reduce its 3G mobile handset subsidies in the second half of 2014, and shift all subsidies to 4G mobile handset models. Read More
According to Chinese media reports, China's State-owned Assets Supervision and Administration Commission (SASAC) has set a three-year target for China's three major telecom operators, requiring that the operators reduce their sales and marketing expenses by 50% during the period. Read More
Chinese e-commerce transactions grew four times faster than the country's overall GDP growth in 2012, with total gross merchandise volume (GMV) increasing 31.7% YoY to break RMB 8 trln, according to a report released by China's Ministry of Commerce (MOFCOM). Read More
Wu Hequan, director of the Broadband China strategic research expert working group and fellow of the Chinese Academy of Engineering, said recently that work has been completed on a draft of the Broadband China Strategic Plan. Read More
The General Office of China's State Council published an article on its official website today stating that the protection of consumer interests in the area of telecommunications would be an area of focus this year. Read More
China's "Broadband China strategy" research workgroup announced today that it will complete research and drafting work for its broadband implementation plans within the first half of 2012, and will aim to submit its "Broadband China strategy" implementation plan for State Council review in June. Read More
A source within Wuhan Research Institute of Posts and Telecommunications (WRI) has confirmed that WRI will acquire Wuhan-based optical communication equipment, optical fibers and optical cables, light emitting diode (LED) and optoelectronic storage product manufacturer Yangtze Communication Industry Group (600345.SH). Read More
Zhou Jian, a spokesman for China Electronics Corporation Holdings Co., Ltd. (CEC) (0085.HK), today denied rumors that CEC had any plans to acquire state-owned circulating shares of Chinese TFT-LCD manufacturer BOE (000725.SZ), saying that CEC had not entered talks with BOE as had been rumored. Read More
China Telecom's (NYSE: CHA; 0728.HK) parent company, China Telecommunications Corporation, has confirmed that it began circulating an internal memo after China's National Day holiday (October 1-7) announcing plans to promote deputy general manager Yang Jie to the position of general manager. Read More
China's State Administration of Radio, Film and Television (SARFT) has submitted a new proposal to China's State Council to establish a consolidated national cable TV operator "China Radio and Television Network" as a commercially-oriented state-owned enterprise (SOE) under State-owned Assets Supervision and Administration Commission (SASAC). Read More