BEIJING, Nov. 30 (Xinhua) -- The revenue and profits of China's state-owned enterprises (SOEs) and state holding enterprises registered steady expansion in the first 10 months of this year, official data showed. The combined operating revenue of these enterprises stood at 68.97 trillion yuan (...
China's state-owned enterprises (SOEs) reported a 1.4 percent year-on-year increase in revenues from January to August this year, according to the Ministry of Finance. #XinhuaNews
Berger and Udell (2006) point out that SMEs’ financing options change at all stages of their life cycles. Due to problems such as opaque information, SMEs rely heavily on internal financing during the start-up phase. As SMEs grow and enhance information transparency, they become better position...
China's centrally-administered state-owned enterprises have expanded effective investment in the first two months of 2023, said the country's top state-asset regulator. During the January-February period, the total investment, excluding real estate, by China's central SOEs rose 5.6 percent from a...
China's state-owned enterprises (SOEs) and state holding enterprises saw their revenues and profits grow in the first seven months of 2023, the Ministry of Finance said on Tuesday. Revenues hit 47.72 trillion yuan, up 4.3 percent year-on-year, while profits reached 2.73 trillion yuan, an inc...
This threshold is chosen because the original dataset encompasses all state-owned enterprises (SOEs) and non-state-owned enterprises (non-SOEs) with principal business revenue above this amount. To make the firms comparable, we only select firms with sales revenue above the same level. Additionally...
From Table 2, the variables “Size”, “Age”, “Gearing”, “Revenue”, “Shareholding”, “Dual”, and “Dispersion” show balance after propensity score matching, suggesting a reduction in selection bias for these factors. However, the “Employees” variable poses a challenge. Before matching...
In the Chinese system, the trust in SOEs, Sinosure coverage,5 portfolio financing, and commodity repayment all serve as guarantees or collaterals that strengthen the creditworthiness of non-bankable projects in countries without sufficient fiscal revenue and affluent capital (Chen, 2018). The logics...
Revenue structure of intermediary business in 2011Source: CBRC (www.cbrc.gov.cn) In 2011, Chinese commercial banks witnessed a decline in both the outstanding NPLs and the NPL ratio, which were RMB 427.9 billion Yuan and 1 percent respectively. In 2003 the NPL ratio was as high as 17.8 ...
The deficit-to-GDP ratio was kept at 2.8 percent, and central government revenue and expenditure were in line with budget projections, with expenditure slightly lower than the budgeted figure. A basic equilibrium was maintained in the balance of payments, and the RMB exchange rate remained stable...