THE ECONOMIC OBSERVER
ECONOMICS | NATION | MARKET | CORPORATION | BRIEFS | SPECIAL
follow us:
           
site: HOME > > Economic > China Buzz > Media Review
Only 20% COE Profits Retained by Companies

管理员

Although centrally owned enterprises (COEs) earn over one trillion yuan in profits, only about 200 billion yuan of these profits flow back to these companies according to Wang Yong, director of the State-owned Asset Supervision and Administration Commission (SASAC). Wang told a reporter from the Beijing News the remaining 80% of COE profits flow to either the central government in the form of taxes or payments to SASAC (26%), national development funds (20%) or strategic investors that have stakes in the 78% of COE that are listed on domestic markets (30%).

Source
The Beijing News


Google translation

0 comments

Comments(The views posted belong to the commentator, not representative of the EO)

username: Quick log-in

About China Buzz

The Economic Observer's editorial staff are always on the look out for interesting, fresh and high-quality China-related content. Whether it's the latest buzz on Weibo, links to insightful articles or updates on the latest books and reports, through China Buzz we'll keep you in the loop about what's going on in the world of Chinese politics and economics.

Most popular

this week
this month

Categories

E-mail subscription

Enter your e-mail address to subscribe to China Buzz and receive notifications of new posts through e-mail.