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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Suning.Com Co Ltd    002024   CNE000001KF2

SUNING.COM CO LTD (002024)
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Official: China to improve legal services for private businesses

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11/11/2018 | 01:42pm CET

Workers operate the conveyor at the intelligent warehouse 'Suning cloud warehouse' of China's retail giant Suning Commerce Group Co in Nanjing, Jiangsu province, Nov 7, 2017. (PHOTO / VCG)

BEIJING - China will create a sound environment for private businesses by improving legal services and law enforcement, Minister of Justice Fu Zhenghua said Sunday.

The Ministry of Justice will push forward the revision and annulment of laws and regulations that have hindered private businesses, thus enabling private businesses to have equal access to government investment grants and subsidized loans, Fu said.

The ministry has released a regulation requiring judicial organs at various levels to provide quality legal services and create a sound legal environment for private enterprises

Suggestions by private businesses should be fully considered when drafting and reviewing laws and regulations concerning the interests of private businesses, he said, asking authorities to give an explanation on the unadopted opinions raised by private entrepreneurs.

The ministry has released a regulation requiring judicial organs at various levels to provide quality legal services and create a sound legal environment for private enterprises.

The regulation is aimed to help private businesses reduce burden, create a fair competition environment, improve law enforcement and protect the legal interests of private businesses.

Fu said the ministry will conduct standardized and transparent administrative law enforcement while abandoning arbitrary inspection, as well as overlapped examination and punishment targeting private businesses.

The ministry will also coordinate with relevant authorities to further streamline administration and delegate powers and reduce the cost of market access for private enterprises, the minister said.

It will provide the enterprises with better public legal assistance and focus on resolving disputes of private enterprises, Fu added.

(c) 2018 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CNY)
Sales 2018 242 B
EBIT 2018 1 135 M
Net income 2018 7 112 M
Finance 2018 22 879 M
Yield 2018 1,86%
P/E ratio 2018 15,16
P/E ratio 2019 44,03
EV / Sales 2018 0,35x
EV / Sales 2019 0,29x
Capitalization 108 B
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Income Statement Evolution
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Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 16,7  CNY
Spread / Average Target 44%
EPS Revisions
Managers
NameTitle
En Long Hou President
Jin Dong Zhang Chairman
Xiao Ling Wang Chairman-Supervisory Board
Zhong Xiang Xiao Chief Financial Officer
Wei Min Sun Vice Chairman
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