China's SOE donations hit 181 million yuan in Q1

Charitable donations from 67 centrally administered state-owned enterprises (SOEs) totaled 181 million yuan (27.83 million U.S. dollars) in the first quarter of 2011, official data showed on Friday.


The donations were mainly used for disaster-relief work, poverty reduction and public welfare, according to figures published on the official website of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China's SOE regulatory body,


PetroChina Co. Ltd., the country's largest oil producer, topped the list with 38.97 million yuan donated, the figures said. Four other SOEs also donated more than 10 million yuan, according to the SASAC.


Currently, China has 121 centrally administered state-owned enterprises with total assets worth nearly 24 trillion yuan. Charitable donations from 110 centrally administered SOEs totaled 4.199 billion yuan last year.
(Source:http://news.xinhuanet.com)