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Central State-owned enterprises saw profits rise by 20.9 percent year-on-year in the first quarter, up from 15.2 percent in 2017, according to data from the State-owned Assets Supervision and Administration Commission. Their average asset liability ratio stood at 65.9 percent by the end of March, down by 0.4 percentage point from the start of the year.
Central SOEs should enhance their abilities in compliance risk prevention and improve overall risk control mechanisms, Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission, said Tuesday at a meeting on overseas risk prevention for central SOEs.
Cao said that leverage businesses such as derivatives, market making, and prime brokerage are underdeveloped in China if compared to mature markets.
Cao Chunliu, sales director of China Film Marketing Co, a subsidiary of China Film Group Corp, said there is a lot to learn from merchandise companies in the United States, Japan and Europe. The latter have decades of experience in managing and running such businesses, and have expertise in exploiting IP rights in the authorized merchandise market.
Chan said Hong Kong's GDP contracted by 9.1 percent and 9 percent in this year's first and second quarters respectively. Of the three growth engines, consumer spending fell 14.5 percent in the second quarter from a year earlier, or 3.9 percentage points steeper than in the first quarter.
来源：资阳报