New regulation to promote administration on China's local state-owned assets: SASAC

08:28, April 19, 2011      

Email | Print | Subscribe | Comments | Forum 

China has revised and issued its guidance and supervision regulation on the management of local state-owned assets to promote the preservation and accretion of state assets.

Measures for the Guidance and Supervision of the Local State-owned Assets Supervisory and Regulatory Work, approved by the State Council, will become effective on May 1, said the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.

The regulation was amended on the basis of Interim Measures which was launched on May 7, 2006, the SASAC said.

The newly-released regulation made improvements, including encouraging local state assets administration authorities to promote their work by making the division of responsibility explicit and improving the inspectorate system for regulation implementation, it said.

Source: Xinhua
BRICS Leaders Meeting 2011
Japan in aftershocks
  Weekly review  
April 14   BRICS nations can be anchor of global economy, politics
April 13   China launches assault on child kidnapping
April 12   China's coastal seas unaffected by Japan's radioactive water
April 11   US has serious human rights abuses: China
April 16   The week in pictures
April 11   PM Kan offers thanks for 'Kizuna' on People's Daily
April 13   Stable BRICS nations prop up world development
April 13   US should stop acting like 'preacher' of human rights
April 15   GDP rises 9.7% in Q1, inflation surges too
April 14   Auditor lady's sudden death sparks overwork debate


  • Do you have anything to say?


Special Coverage
  • BRICS Leaders' Meeting 2011
  • Focus On China
Major headlines
Editor's Pick
  • Russian State Social University Week opens in Beijing
  • Robot in Japanese reactors to measure radiation levels
  • 9th China Azalea Exhibition kicks off in Nanjing, China's jiangsu
  • Ceremony marks completion of building new factory for Boeing Tianjin Composites Co. Ltd.
  • Steam gushes out of earth at Yangbajain geothermal power station in China's Tibet
  • Gillis restores Canadian pride at Vancouver Sun Run
Hot Forum Dicussion