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SOEs blossom overseas

www.chinanews.cn 2005-03-21 13:46:42

Chinanews, Beijing, Mar. 18 (By Jia Quanxin) - In line with China's
"Going Out" strategy, total overseas assets of central state-owned
enterprises (SOEs) have reached 629.9 billion yuan (US.1 billion).
At present, there are 693 overseas-registered central SOEs and overseas
direct subsidiaries of central SOEs with a workforce of around 210,000.
These SOEs involve total overseas assets of 629.9 billion yuan (US.1
billion), net assets of 287 billion yuan (US.7 billion) and owner's
equities of 226.4 billion yuan (US.37 billion).
Huang Shuhe, vice-minister of the State-owned Assets Supervision and
Administration Commission (SASAC), pointed out that China's SOEs would
invest in a wider area overseas and that they would establish more and
more overseas branches. Overseas-registered central enterprises will
increase as China continues to deepen the "Opening-up" policy and
actively realizes the "Going Out" strategy.

          ��Number of laid-off workers in SOE's lowest since 2000
(2005-02-03)
          ��Party to reinforce role in SOEs reform (2005-01-24)
          ��No MBOs allowed at large SOEs of China (2005-01-14)
          ��Forty-Eight Large SOEs Recruit Overseas Students (2004-12-23)
          ��SOE reforms expected to end within 3 years (2004-12-21)

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