China Releases Interim Regulation on State-owned Assets

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Last updated at: (Beijing Time) Thursday, June 05, 2003

China Releases Interim Regulation on State-owned Assets

The regulations, which were signed by Chinese Premier Wen Jiabao on May 27, have eight chapters, with 47 articles, dealing with general principles, supervision and management organization of state-owned assets, management of enterprise leaders, management of major events of enterprises, management of state- owned assets, supervision of state-owned assets, legal liability and supplementary articles.

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China has released an Interim Regulation on state-owned assets supervision and management.

Xinhua News Agency was authorized to publish the entire regulations on Wednesday, which will be implemented at the same time.

The regulations, which were signed by Chinese Premier Wen Jiabao on May 27, have eight chapters, with 47 articles, dealing with general principles, supervision and management organization of state-owned assets, management of enterprise leaders, management of major events of enterprises, management of state- owned assets, supervision of state-owned assets, legal liability and supplementary articles.

The regulations were discussed and passed at the 8th executive meeting of the State Council.

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