--FILE--The logo of CNBM(China National Building Materials Group) is seen in front of the headquarters of CNBM in Beijing, China, 2 March 2015.
Two state-owned building materials providers have started merger preparations in the latest consolidation of China's state-owned enterprises (SOEs). The Assets Supervision and Administration Commission on Monday(22 August 2016) announced the reorganization of the China National Building Materials Group Corporation (CNBM) and China National Materials Group Corporation Ltd (SINOMA) in an online statement. China has started accelerating the reorganization of its SOEs to improve their competitiveness. A merger of two tourism companies was announced in early August.A ling—Imaginechina/AP