Download
China urges state-owned enterprises to expand effective investment
CGTN

Translating...

Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.

The city view of China's capital Beijing, February 1, 2023. /CFP
The city view of China's capital Beijing, February 1, 2023. /CFP

The city view of China's capital Beijing, February 1, 2023. /CFP

China's centrally administered state-owned enterprises (SOEs) should expand effective investment and improve their investment layouts in 2023, according to a recent circular issued by the country's top state-asset regulator.

Central SOEs should focus on critical areas such as major national projects, infrastructure, and strengthening and supplementing industrial chains, said the State-owned Assets Supervision and Administration Commission of the State Council.

Additionally, the circular recommended promoting central SOEs' investment in cultivating strategic emerging industries and upgrading traditional sectors while strengthening energy and resource security and fostering a virtuous cycle between science and technology, industries and finance.

The circular also emphasized the need for central SOEs to increase risk management and control in critical areas when making investments and adhere to the bottom line against significant risks.

A relevant policy mix is in the works, said the commission.

Source(s): Xinhua News Agency

MORE FROM CGTN

Graphics: Which countries in Asia are most prepared for AI?
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

04:35, 21-Mar-2025

Chinese consumers feel financially improved this year: Deutsche Bank
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

03:46, 21-Mar-2025

{"type":2,"value":"Franc Contreras","commentator":[],"valueShow":true,"commentatorShow":false}

North America

23:53, 20-Mar-2025

{"type":2,"value":"Mark Niu","commentator":[],"valueShow":true,"commentatorShow":false}

North America

23:53, 20-Mar-2025

TOP NEWS

China advances high-quality rural development based on local condition
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Politics

15:13, 20-Mar-2025

'China Travel' continues to heat up with huge rise in foreign visitors
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

04:43, 20-Mar-2025

Trump signs executive order to start dismantling Education Department
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

North America

01:09, 21-Mar-2025

Search Trends