CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China grades 47 central SOEs with A rating in 2010

08-03-2011 15:45 BJT

BEIJING, Aug. 3 (Xinhua) -- China's SOE watchdog said Wednesday it graded 47 centrally-administered state-owned enterprises (SOEs) that performed exceptionally last year with an A rating, up from 38 firms in 2009.

The A-rating list mainly covers military, transport, construction and petrochemical sectors, said a statement posted on the website of the State-owned Assets Supervision and Administration Commission (SASAC).

About 8 firms, including the tourism company Overseas Chinese Town Group, the country's airline giant China Eastern Airlines, and the property developer China Poly Group Corporation, were named to the list for the first time, the statement said.

The SASAC adopted a five-level rating system to measure performances of 121 SOEs affiliated with the central government last year, with A being the highest, followed by B, C, D and E.

Under this new performance assessment system, the economic value added (EVA) measure replaces return on net assets and accounts for 40 percent of the criteria evaluating SOEs' performances. The system aims to strengthen their value creation capabilities, according to the SASAC.

Meanwhile, 51 firms were rated with a B, 21 with a C and 2 with a D, said the statement. But it didn't disclose those lists.

Only one firm was downgraded due to safety concerns while 12 others lost points for the same reason, it said.

The total EVA of the country's central SOEs increased 1.4 times from a year earlier to 388.71 billion yuan (60.32 billion U.S. dollars) in 2010. About 96 firms reported positive EVA last year, up from 83 in 2009, according to the statement.

Editor:Wang Xiaomei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program