Central SOEs hit by $4.3b in losses

Centrally administered State-owned enterprises (SOEs) sustained losses of more than 30 billion yuan ($4.3 billion) in the May 12 earthquake, a senior official said yesterday.

More than 3,000 employees of the SOEs either dead, or were injured or missing after the disaster, said Li Rongrong, minister of the State-owned Assets Supervision and Administration Commission (SASAC).

The five companies which suffered the most are Dongfang Electric Corp, Sinohydro Corp, Sate Grid Corp of China, China National Chemical Corp, and China Railway Engineering Corp, Li said.