State assets reach $6.5 trillion

PUBLISHED : Thursday, 02 April, 1998, 12:00am
UPDATED : Thursday, 02 April, 1998, 12:00am

The mainland's net state assets stood at seven trillion yuan (about HK$6.5 trillion), the China Business Times yesterday quoted Vice-Finance Minister Zhang Youcai as saying. State assets reached 6.5 trillion yuan at the end of 1996. Total assets of state-owned and collective firms (except for financial institutions), which included debts, were estimated at 20 trillion yuan.