ANNOUNCEMENT 01 Jan 2012

In 2012, the government subsidies received by Chinese listed company SAIC MOTOR changed significantly.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

SAIC MOTOR financial disclosure statements found in the WIND database (www.wind.com.cn). Last accessed on 25 June 2019.

Inception date: 01 Jan 2012 | Removal date: 31 Dec 2012
Still in force

Financial grant

In 2012, the Shangai-listed company SAIC MOTOR disclosed in its stock exchange filings the receipt of approximately 1207 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (1481 million USD).

In China it is a legal requirement that publicly-listed firms report any subsidies received from government bodies. The stated subsidy amounts refer to a given calendar year. It is possible that this firm received other forms of state aid that have not been declared.

The affected products and sectors have been chosen based on the "main products" and CSRC sector classification reported in the financial data of the firm. The subsidy amounts in USD were computed using the year-average exchange rate to the Chinese Yuan. The subsidy amount(s) reported here are the cash equivalents as estimated by the recipient firm.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
860791 870210 870290 870310 870321 870322 870323 870324 870332 870333 870390 870431 870600 870810 870821 870829 870830 870840 870850 870870 870880 870891 870892 870893 870894 870895 870899 871120 871150 871410 871680 871690
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