BEIJING, Oct. 16 (Xinhua) -- China's central state firms posted better performances in the first three quarters of this year amid the deepening of the reform.
Profits of China's centrally-administered state-owned enterprises (SOEs) reached about 1.35 trillion yuan in the first three quarters of 2018, a year-on-year increase of 21.5 percent. The accumulated operating income of those SOEs reached 21.1 trillion yuan in the first three quarters, a year-on-year increase of 11 percent, with the growth rate exceeding 10 percent for four consecutive months, the State-owned Assets Supervision and Administration Commission (SASAC) said at a press conference in Beijing on Monday.
The result comes as reforms is deepened and the key of the SOE reform is to better handle mixed ownership reform, optimize the market-oriented operation mechanism and supervision of state-owned assets in the next step, said SASAC spokesperson Peng Huagang.
As the recent market phenomenon of the state-owned capital's acquisition of listed companies launched by private enterprises, Peng noted that it is a a market-oriented behavior and a market choice for mutual benefit and win-win, adding that all the operations of state-owned capital are based on market discipline and the law of enterprise development. (Edited by Bao Nuomin,baonuomin@xinhua.org)
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