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China mulls legal framework over state assets supervision

Abstract : Chinese lawmakers on Tuesday began deliberating a draft decision on improving the legal system regarding state assets supervision.

BEIJING, Dec. 22 (Xinhua) — Chinese lawmakers on Tuesday began deliberating a draft decision on improving the legal system regarding state assets supervision.

The draft decision was submitted to the ongoing session of the Standing Committee of the National People’s Congress. It aims to provide a legal guarantee for promoting the modernization of state assets’ governance systems and capacity.

It stipulates that the State Council should ensure sound work on the state assets’ annual management reports through comprehensive and specific reviews.

It also requires the State Council to establish and improve a rectification and accountability system for state assets and improve follow-up supervision.  Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China mulls legal framework over state assets supervision

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