5 Colored Central Enterprises Will Pay 10% Of Their Profits Next Year.

Recently,

It is understood that the 5 colored central enterprises were classified into second categories of executive standards, namely, Aluminium Corp, China Non-Ferrous Metal Mining Co, China Gold Group Co, China Minmetals Corp and China Metallurgical Industry Group Co., Ltd.

The Ministry of Finance stipulates that the proportion of state-owned capital gains from central enterprises should be appropriately increased from 2011 onwards.

The proportion of specific charges can be divided into four categories: the first category is 15% of enterprises' after tax profits, mainly the state monopoly industries such as oil, electricity, coal, tobacco and so on. The second category is 10% of enterprises' after tax profits, mainly involving iron and steel, nonferrous metals, chemical industry, machinery and water conservancy, and the third category is 5% of enterprises' after tax profits, mainly involving aviation, nuclear power, military industry, scientific research institutes, cultural media, etc.

In addition, state-owned financial enterprises have not been included in the scope of budget implementation.

Experts said that after the proportion of state-owned capital gains was too low in China, the raising of the collection ratio released a "positive signal" to curb the blind investment of central enterprises and speed up the structural adjustment of central enterprises. The "dividends" of central enterprises expected to be turned over can be more used in social security and public services, so that more people can benefit from it.