Chinese Vice Premier calls for efficient supervision on SOEs

20:28, December 24, 2009      

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Chinese Vice Premier Zhang Dejiang Thursday urged state assets supervision authorities to devote more efforts to guiding deepening reforms and tightening supervision over the country's state-owned enterprises (SOEs).

Speaking at a conference on the supervision and administration of state-owned assets, Zhang asked relevant departments to further help the SOEs upgrade and optimize industrial structures and improve technological innovations, in a bid to sharpen their competitiveness.

He also required these departments to strengthen their efforts to establish a comprehensive supervision and management mechanism, including accountability systems on major property losses and decision-making misplay, efficient fiscal and auditing systems, in a move to assure and increase the value of state assets.


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