NEW RULES TO STRENGTHEN SOEs

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clpstaff &clp articles

Government measures promote better protection and management of state-owned assets

The government has passed rules issuing regulations with the purpose of protecting state-owned assets. The rules will strengthen state-owned enterprises through relevant specific provisions which are designed to help to reduce the level of administrative interference for state-owned enterprises.

The Law of State-Owned Asset of Enterprises, passed by the National People's Congress and will take effect in May next year, specifies the functions of the State-Owned Asset Supervision and Administration Commission.

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