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SOE donations hit 4.20b yuan in 2010

Updated: 2011-02-25 15:07

(Xinhua)

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BEIJING - Charitable donations from 110 centrally administered state-owned enterprises (SOEs) totaled 4.199 billion yuan ($638.19 million) last year, official data showed on Thursday.

Related readings:
SOE donations hit 4.20b yuan in 2010 Central SOEs increase payback to the State
SOE donations hit 4.20b yuan in 2010 Donation transparency
SOE donations hit 4.20b yuan in 2010 SOEs' growing obligations
SOE donations hit 4.20b yuan in 2010 China's SOEs post 40% rise in profits last year

The data released by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the SOE regulator, said that the donations are mainly used for disaster-relief work and public welfare.

Shenhua Group Corporation Limited, China's largest coal company, topped donations with 1.038 billion yuan, with eight other SOEs donating over 100 million yuan, according to SASAC.

Currently, China has 121 centrally administered state-owned enterprises with total assets worth nearly 24 trillion yuan.

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