Beijing SOEs support capital's urban reform projects

These companies boost economy, join in city's wide range of initiatives

The asset value of State-owned enterprises in Beijing has increased by 80.3 percent in the last five years, topping 4.17 trillion yuan ($624.5 billion), according to sources from Beijing State-owned Assets Supervision and Administration Commission.

The companies' combined revenue surged by 46.3 percent, their profit by 78.8 percent and their tax paid by 77.8 percent between 2012 and 2016.