Central SOEs invest 32.1% more in emerging industries in 2023

The investment from China's centrally administered state-owned enterprises (SOEs) in strategic emerging industries grew 32.1% year on year to 2.18 trillion yuan (US$304.3 billion) in 2023, an official said at a press conference Wednesday in Beijing.

January 25, 2024

China's central SOEs' profits reach 2.6 trillion yuan in 2023

The total profits of China's centrally-administered State-owned enterprises amounted to 2.6 trillion yuan ($362.36 billion) in 2023, while their operating revenue reached 39.8 trillion yuan, according to data released by the country's top state assets regulator.

January 25, 2024

Official: China to build an investors-centered capital market

China will make more efforts to build an investors-centered capital market, a senior official of the country's securities watchdog said Wednesday in an interview amid recent stock market fluctuations.

January 24, 2024