trending Market Intelligence /marketintelligence/en/news-insights/trending/de_9jj3slwzkvodwawanfq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

China launches coal asset management unit to lead capacity cuts

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

S&P Podcast – Economic Recovery Will Guide US Ad Market

Cable Network Q1'20 Distribution Revenue Recap


China launches coal asset management unit to lead capacity cuts

Chinahas set up a coal asset management unit to consolidate coal mines controlled by central government-owned companies, accordingto a July 22 statement from the state-owned Assets Supervision andAdministration Commission.

Foundersof the new company — Guoyuan Coal Asset Management Co. Ltd. — will includeShenhua Group Corp.Ltd. and ChinaNational Coal Group Corp. as well as two asset management companies— China Reform Holdings Corp. Ltd. and China Chengtong Holdings Group Ltd. Thetwo coal majors were expected to lead consolidation of state-owned coal mines.

TheChinese central government has previously required that central government-controlled companiesthat own coal mines as noncore assets to exit the industry.

Guoyuanis expected to lead the program and help authorities to reduce the coalcapacity of central government-owned companies, according to the commission.

The commissiondid not disclose the interests held in Guoyuan by its four institutionalfounders, but a July 25 report from ShanghaiSecurities News cited an unnamed industry source as saying that ChinaNational Coal will probably be in charge of the consolidation.