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State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the State-Owned Enterprises Act 1986. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister for State Owned Enterprises.
There are many types of business entitiesdefined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companiesand other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
The restructuring and sale of state-owned enterprises in the 1990s reduced government's role in the economy. Many of the largest companies lost ground and new enterprises were established. New Zealand companies are dependent on international trade, mainly with Australia, the European Union, the United States, China, South Korea, Japan and Canada.
A state-owned enterprise (SOE) is a business entity which is established and/or owned by a national or state/provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector over means of production, provide commodities to citizens at a lower price, implement government policies, and/or to deliver products ...
The new Government was again thrown a major economic challenge, with the then state-owned Bank of New Zealand needing a bail-out to stay operational. Richardson's first budget in 1991, nicknamed the 'Mother of all Budgets', [64] attempted to address constant fiscal deficits and borrowing by cutting state spending.
As a wholly owned subsidiary of China Forestry Group Corporation, China Forestry Group New Zealand Company Ltd is a New Zealand-registered and -based forest products and management company. The company acquires and manages forest resources, harvesting, wood products transportation, sales and export. Its wood products supply both the New Zealand ...
The China–New Zealand relations, sometimes known as Sino–New Zealand relations, are the relations between China and New Zealand.New Zealand recognised the Republic of China after it lost the Chinese Civil War and retreated to Taiwan in 1949, but switched recognition to the People's Republic of China on 22 December 1972.
Beijing, China: China Construction Bank (New Zealand) 21 December 2017 New Zealand retail banking subsidiary Chinese State owned China Construction Bank: 0.5% (2022) Tokyo, Japan: MUFG Bank (New Zealand) 1 March 2004 Mitsubishi UFJ Financial Group: Mumbai, India: Bank of Baroda (New Zealand) 1 September 2009 New Zealand retail banking subsidiary