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Mainland CN SOE Total Assets Grow 11.4% Annually Over 5 Yrs; Asset-liability Ratio Remains Below 65%
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The comprehensive report on the management of state-owned assets for 2024 was submitted yesterday (26th) for review at the 18th meeting of the Standing Committee of the 14th National People's Congress. The report disclosed the management status of various types of state-owned assets by the end of 2024, showing that the total assets of national state-owned enterprises (excluding financial enterprises) amounted to RMB401.7 trillion, with state-owned capital equity at RMB109.4 trillion. The total assets of state-owned financial enterprises reached RMB487.9 trillion, with state-owned financial capital equity at RMB33.9 trillion. The special report revealed that the total assets, total liabilities, and total state-owned capital equity of national state-owned enterprises grew annually by 11.4%, 11.7%, and 11%, respectively over the past five years, with the asset-liability ratio remaining below 65%. AASTOCKS Financial News Website: www.aastocks.com |
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