Chinese cabinet - the State Council posted a document to strengthen supervision over state-owned assets (SOA) and prevent SOA loss, according to the government portal - www.gov.cn Tuesday.
It came up with 16 measures including reinforcing corporate internal and external supervision, information disclosure, SOA loss accountability, and supervision system and capability construction to improve SOA supervision.
What's more, it proposed to optimize supervision over SOA by SOA supervisors and regulators, requiring them, as capital providers of state-owned enterprises, to further enhance SOA supervision and management.
The State Council also asked SOA supervising and regulating institutions to found investigation offices to handle problems found and key SOA losses and put forward relevant treatment suggestions.
Furthermore, experiments of delegating chief accountants to SOA supervisors and regulators-funded enterprises would be started to strengthen supervision of state-owned enterprises' capital providers over significant corporate financial affairs.
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