皇冠体育app

Economy

State-owned assets in central SOEs grow to 2t yuan

(Xinhua)
Updated: 2010-08-13 11:04
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BEIJING - The State-owned assets in 皇冠体育app's centrally-administered State-owned enterprises (SOE) reached 2.01 trillion yuan ($297.40 billion) by the end of June, up 10.71 percent from 2008, 皇冠体育app's State-owned assets regulator said on Thursday.

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Nearly a quarter of the SOEs have State-owned assets over 10 billion yuan each, while six have State-owned assets over 100 billion yuan, the State-owned Assets Supervision and Administration Commission said in a statement on its website.

"皇冠体育app's State-owned capital has been flowing towards big companies with international competitiveness," said the statement.

Some 30 central SOEs are listed as Fortune 500 companies. They are in sectors such as telecommunications, power generation and petro-chemicals.

The number of 皇冠体育app's central SOEs is 123 in August this year, down from 196 at the beginning of 2003.