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Total Value of Sichuan's State-owned Assets in 2020 Exceeds 15 Trillion Yuan

  Recently, the management of Sichuan's state-owned assets in 2020 has been made public for the first time.

  State-owned asset refers to all the economic resources that are legally identified as state-owned and can provide economic and social benefits for the state. It is a catchall to describe all the properties and property rights owned by the state. Sichuan's state-owned assets are Sichuan's wealth.

  In 2020, Sichuan strengthened the building of the management and governance system for state-owned assets and improved resources allocation to help state-owned assets better serve Sichuan's economic and social development. According to the Comprehensive Report on the Management of Sichuan's State-owned Assets in 2020, in 2020, the total value of assets of local state-owned enterprises (excluding financial enterprises), local financial enterprises, and administrative institutions in the province reached 15.75 trillion yuan.

  Of the amount, the value of assets of local state-owned enterprises (excluding financial enterprises) reached 9.76 trillion yuan, up 29.1%; the value of state-owned assets of local financial enterprises aggregated 3.54 trillion yuan, up 17.38%; the value of state-owned assets of administrative institutions hit 2.45 trillion yuan, up 50.04%. It can be seen that the value of assets of local state-owned enterprises (excluding financial enterprises) accounted for over 60% of Sichuan's total value of state-owned assets and state-owned enterprises continued to play a leading role in increasing Sichuan's wealth. At the same time, the state-owned assets of administrative institutions increased quickly, which comes as a combined result of changing statistical caliber and expanding statistical scope.

  In terms of the management of the assets of local state-owned enterprises, in 2020, the combined operation revenue of the state-owned enterprises in the province reached 1.2 trillion yuan, registering a year-on-year increase of 15.37%; the combined profit hit 91.867 billion yuan, representing a year-on-year increase of 20.4%, 5.03 percentage points higher than the growth rate of operation revenue; the ratio of profits to cost and expense was 7.73%, registering a year-on-year increase of 0.32 percentage points; the return on equity stood at 2.26%, up 0.03 percentage points year on year.

  In terms of the management of the state-owned assets of local financial enterprises, in 2020, the combined operation revenue of the state-owned financial enterprises in the province reached 92.308 billion yuan, up 8.44%. Of the amount, the provincial state-owned financial enterprises realized a combined operation revenue of 9.954 billion yuan, netted 1.956 billion yuan, and paid 1.657 billion yuan in tax; the municipal and county-level state-owned financial enterprises realized a combined operation revenue of 82.354 billion yuan, netted 23.202 billion yuan, and paid 14.639 billion yuan in tax. The ratio of value maintenance and appreciation of state-owned capital of financial enterprises in the province reached 106.35%.

  In 2020, Sichuan strengthened the management of the state-owned assets of administrative institutions, completed the management mechanism and system, improved the policy mechanism and system, enhanced asset management and control throughout the processes, put idle assets in townships to use, and increased the use efficiency of assets. By doing so, the normal operation of local governments and the development of social causes at all levels can be ensured, and the level of supplying public services can be improved. In 2020, the total value of state-owned assets of administrative institutions in the province reached 2.45 trillion yuan, an increase of 50.04%; the total liability was 0.62 trillion yuan, an increase of 3.93%; the total value of the net assets was 1.83 trillion yuan, an increase of 76.55%.

  In terms of the state-owned natural resource assets, the statistics are based on physical quantity rather than quantity of value. In 2020, the state-owned land of the province was 22.4684 million hectares, accounting for 46.22% of the total territory area of the province. Of the amount, the agricultural land area was 19.6501 million hectares, the construction land area was 656,400 hectares, and the unused land area was 2,161,800 hectares. By the end of 2020, the province had 32,300 hectares of reserve land; 97 kinds of minerals with reserves; a state-owned forest area of 9.881 million hectares and a state-owned forest stock of 1.251 billion cubic meters; a state-owned grassland area of 16.3827 million hectares, a wetland resource area of 1.7478 million hectares (excluding paddy fields/winter paddy fields), and a water resource volume of 323.726 billion cubic meters.

  According to the report, Sichuan will further strengthen system building, advance system and mechanism improvement, deepen reforms in an all-around way, promote the value maintenance and appreciation of state-owned assets, ensure the security of state-owned capital, and strengthen, improve, and increase state-owned capital.

 
 
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