Key facts
- Nonfinancial state-owned enterprises held 430.7 trillion yuan ($64.6 trillion) at the end of 2025, per the government report.
- State-owned equity rose about 5.4% year-over-year to 115.3 trillion yuan, the report to the legislature showed.
- Caixin calculations put the equity increase at 129% from 2017, more than double the level eight years earlier.
China's nonfinancial state-owned enterprises held 430.7 trillion yuan ($64.6 trillion) in assets at the end of 2025, more than double their level eight years earlier, according to a government report submitted to the Standing Committee of the National People's Congress on Tuesday, November 10, 2026.
The State Council, China's cabinet, submits the annual report on state asset management to the legislature each year. State-owned equity in these companies reached 115.3 trillion yuan, up about 5.4% from a year earlier.
Equity rose 129% from 2017, according to Caixin calculations based on the figures. The report did not give its own breakdown of that increase.
The assets include all nonfinancial companies owned by the central government and by regional authorities; the report does not separate the two in the available text.