The Latest Data Of Central Enterprises' Overseas Assets Should Be 4 Trillion And 700 Billion?

In the case of unclear accounts, in recent years, there have been frequent cases of foreign assets lost by central enterprises for various reasons.

With the implementation of the strategy of "one belt and one road", a large number of state-owned capital will soon be "going to sea".

At this time, "China Economic Weekly" specially combed the case of the loss of overseas assets of the central enterprises in recent years, and counted the "seven deadly sins" that led to the loss of assets, hoping to provide a warning for the central enterprises participating in the global competition.

At the NPC and CPPCC sessions this year, Dong Dasheng, former CPPCC member of the CPPCC National Committee and former deputy Auditor General of the State Audit Commission, made a statement about the fact that central enterprises' overseas assets have never been audited by the state.

How many foreign assets of central enterprises are there? Who will reveal the mysterious veil of foreign assets of central enterprises? Is it really in a regulatory vacuum under the veil?

According to the reporter, the SASAC financial supervision and assessment bureau is the SASAC's internal authority that assumes the functions of statistical analysis of state-owned assets, and also the official export of the SASAC's financial data on central enterprises.

The Bureau will issue a report on the overall operation of the central enterprises in the past year, based on the report of the final accounts prepared by the central enterprises and audited by the CPA.

The reporter reviewed the annual overall operation of the central enterprises from 2010 to 2013. The report routinely announced the overall financial situation of the central enterprises from the four aspects of maintaining and increasing the value of state-owned capital, operating scale, economic benefits and paying taxes.

Reporters found that the report did not mention any data of the foreign assets of the central enterprises.

In the public information, the SASAC has never released the overseas assets of the central enterprises.

In this case, the Xinhua news agency and other media had "calculated" out of the "super 4 trillion and 300 billion", "close to 4 trillion and 400 billion" and other central enterprises overseas assets data come from? Reporters are concerned about the following two groups of data.

SASAC financial supervision and assessment Bureau issued in July 2014

The overall operation of the year 2013 showed that the total assets of the central enterprises were 35 trillion yuan by the end of 2013.

In December 22, 2014, Zhang Yi, director of the SASAC, disclosed at the meeting of the central enterprises and the local SASAC directors at the same day that as of November 2014, the total assets, operating income and profits of the overseas units of the central enterprises reached 12.5%, 18.7% and 10.6% respectively.

These three data were mentioned again in Zhang Yi's interview with the magazine "state owned assets report" in February 2015.

By the end of 2013, the total assets of the central enterprises, multiplied by the proportion of foreign assets of the central enterprises as at November 2014 (35 trillion x 12.5%=4.375 trillion), got a close to 4 trillion and 400 billion of the overseas assets of the central enterprises, and this is probably the data that the public saw in the media.

How credible is the result of "calculation"?

The Committee has not responded positively.

In April 1st of this year, the latest data of the overseas assets of the central enterprises also had the "two processing" based on the data released by the SASAC.

On the same day, Huang Danhua, deputy director of the SASAC website announced at the central enterprise planning and development working conference, showed that in 2014, the total assets of the central enterprises reached 38 trillion and 730 billion, achieving 25 trillion and 110 billion of business income and 1 trillion and 360 billion of total profits.

The speech also revealed three data on the internationalization of the central enterprises. By the end of 2014, the total assets, operating revenues and profits of the central enterprises were about 12.1%, 17.9% and 9% of the total assets of the central enterprises respectively.

Accordingly, we can figure out that by the end of 2014, the total assets of the central enterprises were nearly 4 trillion and 700 billion.