Logo 30 Mar 2026

Beijing hikes profit remittance ratio for SOEs

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Beijing is leaning on state-owned enterprise (SOE) profits to support its shaky finances. In a March 24 explainer, China’s finance ministry (MoF) revealed that last year it hiked up SOE profit remittance ratios. Some background: In China, wholly-owned SOEs are obliged to remit a portion of their pr...