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More SOE Income To Be Turned Over

CHINA PRESS
MNI (Singapore)

The State Council will improve the income handover mechanism of state-owned enterprises and expand the scope of income turned over, Yicai.com reported following the latest government guideline. Some SOEs were previously not included. In 2020, the central government required the proportion of SOE funds transferred to the public budget to increase to 30%, mainly to safeguard and improve people’s livelihood. The national state-owned capital operation budget revenue was about CNY568.9 billion in 2022, while the expected revenue in 2023 is about CNY535.8 billion.

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