China's State Council decided to expand the scope of state-owned capital operation budget

The Chinese government network on November 3 press release, said Premier Wen Jiabao chaired a State Council 3 executive meeting, decided to expand the implementation of the central range of state-owned capital operating budget, the state-owned central enterprises to improve the proportion of capital gains received.

It was noted that, in order to further improve the system of central state-owned capital operation budget, decided from 2011 onwards, the five central departments (units) and two companies a total of 1631 group, which is included in the central business scope of state-owned capital operating budget.

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Prior to November 2 media reports, the Ministry of Finance led the development of the state capital budget on improving the relevant views of the pilot scheme, the main contents include expanding the scope of dividends paid to some central ministries and commissions under the State-owned enterprises, and an appropriate increase in dividends paid of central enterprises ratio. The proportion of central enterprises paid dividends increased from 5% to 30% range.