More SOE profits will go to social security fund
Updated: 2013-03-11 16:14
By Bao Chang (chinadaily.com.cn)
|
|||||||||||
More profits from State-owned enterprises will be allocated to the national social security fund in the future, said Wang Yong, the chairman of the State-owned Assets Supervision and Administration Commission, the government's supervisor of China's 118 central SOEs.
The move is in line with the interests of the country and central SOEs, Wang said.
According to SASAC, the total profits generated by SOEs were at 1.3 trillion yuan ($209 billion) in 2012, up 2.7 percent year-on-year.
SASAC will continue to urge central SOEs not mainly engaged in the real estate business to withdraw from that sector, Wang added.
By the end of 2012, sales of commercial residential buildings owned by central SOEs accounted for 4.7 percent of the total around the country, and the proportion of the central SOEs' revenues from that area was about 5.4 percent, according to Wang.
baochang@chinadaily.com.cn
Related Stories
Lawmakers to check social security fund budget 2013-03-04 16:13
Social security fund's annual return at 8.4% 2013-02-28 21:34
China's social security fund buys power firm stocks 2012-12-13 17:45
Social security fund opens stock market accounts 2013-02-21 17:14
China's social security funds safe after audit 2012-07-05 09:09
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 |