Shanghai to inject mroe assets into listed firms
Updated: 2013-02-28 21:28
(chinadaily.com.cn)
|
|||||||||||
Shanghai will inject more State-owned assets into listed companies with outstanding performance in 2013 and plans to securitize about 40 percent of State-owned assets in Shanghai, the Shanghai Municipal State-owned Assets Supervision and Administration Commission said on Thursday.
Sources said Shanghai will accelerate its list in integrity of State-owned assets in 2013, Shanghai Securities News reported on Thursday.?
In 2012, about 35.2 percent of State-owned assets in Shanghai were securitized, lower than the planned rate of 38 percent, the commission said.
Currently, State-owned assets in Shanghai hold shares of 71 companies which are listed in the A-share market.
In 2012, revenues of enterprises and other institutions under the commission reached 1.61 trillion yuan, up 10.8 percent, with a total profit of 95 billion yuan, up 3.4 percent.?
About 61 percent of Shanghai's State-owned assets focus on strategic emerging industries, modern service industries, the advanced manufacturing industry and industries serving social welfare, the commission said.
Related Stories
State-owned cultural firms' profit hits $13.52b 2013-01-01 10:58
State-Owned Assets Supervision and Administration Commission 2012-12-18 11:05
Most listed companies report better performance in 2012 2013-01-31 17:21
Today's Top News
Police continue manhunt for 2nd bombing suspect
H7N9 flu transmission studied
8% growth predicted for Q2
Nuke reactor gets foreign contract
First couple on Time's list of most influential
'Green' awareness levels drop in Beijing
Palace Museum spruces up
Trading channels 'need to broaden'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |
Firms crave cyber connection |