SOEs' state-owned assets reach 2 trln yuan
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Total state-owned assets in China's central state-owned enterprises (SOEs) reached 2 trillion yuan (US$294.61 billion) at the end of June, an increase of 10.71 percent year-on-year, the State-owned Assets Supervision and Administration Commission (SASAC) said Thursday.
The number of central SOEs fell to 123 from 125, after two mergers, according to SASAC.
China National Real Estate Development Group Corporation was merged with China Communications Construction Company Limited, becoming a subsidiary of CCGRP.
Shanghai Ship and Shipping Research Institute also became a subsidiary of China Shipping (Group) Company after a recent merger.
At the end of June, six SOEs held state-owned assets of over 100 billion yuan (US$14.73 billion), and 24 percent of SOEs held state-owned assets of 10 billion yuan.
The number of SOEs in the list of the top 500 global companies reached 30, up from 16 in 2007.
China's business press carried the story above on Friday. China.org.cn has not checked the stories and does not vouch for their accuracy.
