China state-owned assets in central SOEs grow to 2 trillion yuan

The state-owned assets in China s centrally-administered state-owned enterprises (SOE) reached 2.01 trillion yuan (297.40 billion U.S. dollars) by the end of June, up 10.71% from 2009, China's State-owned Assets Supervision and Administration Commission said.

China s state-owned capital has been flowing towards big companies with international competitiveness. 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. 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 China s central SOEs is 123 in August this year, down from 196 at the beginning of 2003.