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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

China to strengthen supervision of state-owned assets

Posted on 24 October 2008

From Xinhuanet.com: China’s top legislators met for a third time to discuss a newly-revised draft law designed to improve supervision and management of state assets in both financial and non-financial businesses.

It prescribed state-owned assets in both financial and non-financial sectors should be put under supervision. It didn’t include state-owned administrative and resource assets. The draft law of enterprise state-owned assets was submitted to the fifth session of the Standing Committee of the 11th National People’s Congress for a third reading…… Full Article: Source


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