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During the “Eleventh Five-Year Plan†period, the central enterprises accelerated the pace of “going outâ€, and the number of enterprises with central enterprises entering the world’s top 500 increased from the initial 10 to the current 30. In 2011, the SASAC will focus on several key tasks. The most important one is to increase the “going out†level of central SOEs.
According to report, the five giants of the petrochemical industry launched a series of overseas investment and oil and gas mergers and acquisitions during the “Eleventh Five-Year Plan†period, actively seeking overseas resources and expanding overseas markets. At present, CNPC only operates 81 oil and gas development projects in 29 countries in the world, with as many as 595 overseas offices. Wang Dongjin, deputy general manager of China National Petroleum Corporation, said recently that it plans to significantly reduce overseas investment plans for the next five years. "PetroChina will carefully evaluate overseas investment projects and focus on the return on investment rather than just considering oil and gas production."
Central enterprises are committed to becoming international companies
On December 23, Wang Yong, director of the State-owned Assets Supervision and Administration Commission of the State Council, pointed out at a meeting of central business leaders held in Beijing that from January to November, the central enterprises had realized an operating income of 14.9 trillion yuan, an increase of 34.7% year-on-year, and a net profit of 802.26 billion yuan. , an increase of 50.1% over the same period of last year; taxes paid was 1.2 trillion yuan, an increase of 21.2% year-on-year; total assets reached 23.9 trillion yuan, a year-on-year increase of 15.6%. He also stated that there is only one goal for the development of the central enterprises during the “12th Five-Year Plan†period, namely, to strengthen and optimize and train a group of world-class companies with international competitiveness.