On January 19, Xinhua News Agency broadcast a special report titled “CR’s Hints for SOEs: Bloom on the Market through Competition without Monopoly”.

The report highlights how CR Group explored a market-oriented approach for successful operation of SOEs through raising funds on the capital market, investment mainly in commodity, power, real estate, cement, gas, medicine and financial sectors, and constantly realizing industrial integration by means of merger and acquisition. According to the report, CR Group, following the key principles of expanding and shrinking its assets by splitting and acquisition under the guidance of the general strategy established for the Group, constantly optimizes its business structure, improves its asset quality, maintains its profitability, quickly enters the market through mergers and acquisitions, expands its market share and seeks to build its competitive edges through integration. In 2013, the total asset, business income and total profit of the Group increased by 20, 17 and 25 times compared with that of 2001 respectively.

Please click here for full text of the report: CR’s Hints for SOEs: Bloom on the Market through Competition without Monopoly