Large Monopoly Enterprises Added in Number

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(SinoCast China Business Daily News Via Thomson Dialog NewsEdge) BEIJING, September 25, SinoCast -- Experts have pointed out that during the next five to ten years, those resource-intensive enterprises and monopoly enterprises will accumulate more profits, more social resources and more assets.



Data from National Bureau of Statistics of China (NBS) show that the number of large enterprise groups, especially those with billions of assets and turnovers, is growing.

37 enterprise groups have had over CNY 100 billion assets. In 2005, the following enterprises was recognized as the top ten enterprises in terms of total assets: State Grid Corporation of China (SGCC), China National Petroleum Corporation (CNPC), CITIC Holdings, China Petroleum and Chemical Corporation (Sinopec), China Everbright Bank (CEB), China Telecom, China Mobile, Ping An Insurance, China Netcom and China Southern Power Grid Co., Ltd. (CSG). Among them, the asset of State Grid Corporation of China (SGCC) is as high as CNY1.1697 trillion.

Copyright 2006 SinoCast LLC Source: Financial Times Information Limited -
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September 25, 2006 12:31 AM

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