综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Capital shortages top risk for China's SOEs

(Xinhua)
Updated: 2008-07-29 11:02

Lack of capital was the biggest risk facing China's centrally-administrated State-owned enterprises (SOEs), according to a risk assessment report released by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Monday.

A lack of capital worried most SOEs, especially those in electricity, petroleum, steel, investment, energy and real estate, said an expert participating in the evaluation of the report.

The expert, who declined to be named, attributed the shortage of funds to the tightening of credit, materials price hikes and reckless expansion.

The rapid expansion of some SOEs was believed to have resulted in the capital scarcity as the continuous tightening of monetary policies and bank loans failed to slow acquisitions and mergers.

SASAC director Li Rongrong warned against the "strong expansion impulse", saying investment beyond main business lines and capacities as well as investments with very low returns must be prohibited.

SOE acquisitions and mergers were strictly controlled, and they were banned from using bank credit to invest in securities, real estate and insurance, he said.