As part of an annual ranking of the business performance of the more than 100 centrally-administered SOE that operate under the control of the State-owned Assets Supervision and Administration Commission (SASAC), one centrally-administered state-owned enterprise (SOE) has had its safety ranking degraded while 12 others have seen their scores for safety fall due to safety problems in 2010. According to the annual report released by SASAC yesterday, a total of 47 centrally-administered SOEs, including China National Petroleum, China Petrochemical, China National Offshore oil, were graded “A”, accounting for 38.84% all the centrally-administered SOEs. A further 51 were ranked 'B', accounting for 42% and another 21 were ranked 'C'. Only two of the companies operating under SASAC were given the second-lowest 'D' ranking and no companies received an 'E'. Aside from safety, the business performance evaluation also ranks executives according to stratigic management, value creation, innovation, energy conservation and environmental protection.

Source
Securities Times

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