--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Li Rongrong on State Assets Management
The China Commission for Managing State Properties, the new manager of China's state assets, set to work on May 22. On the subjects of how to protect state assets and whether to resume selling shares of listed state-owned enterprises (SOEs), People's Daily recently interviewed the commission head Li Rongrong.

Reporter: Reform in the past 20 years shows that in order to keep and increase the value of state assets, government should strengthen the supervision and examination of SOE management. What does the commission plan to do?

Li Rongrong: To keep and increase the value of state-owned assets, our commission must quickly set up a feasible enterprise performance check-up system which manages state assets, personnel and enterprise operations.

As the owner we will also set up another appraisal system of SOE management. The system includes indicators like finance status, enterprise operation, debt repayment and enterprises potential.

In the first step, we plan to select several basic indicators to review the operations of these SOEs, and try to perfect the appraisal system later. Now, we are asking for opinions of all aspects and begin trial operations in some enterprises. Whatever, the system will be popularized next year.

Reporter: What do you say about the fact that local government is speeding up the selling of state assets?

Li Rongrong: The Ministry of Finance has issued a circular to stop the selling of state assets. We will strengthen instruction and supervision on the local commissions for managing state properties, and punish related executives once state asset losses occur.

One important task of our commission is to boost the liquidity of state assets, and adjust its allocation and structure. When selling or transferring these state assets, we should keep the deal transparent, just and reasonable in order to prevent further losses. As the representative of state assets, our commission should strengthen management in approval, asset pricing and dealing. Therefore, we will begin our work in four areas.

First, propel the construction of the equity market, and let the market force decide the price of state assets.

Second, set up related regulations on equity trade. The State Council is drafting related laws; our commission will also put forward regulations.

Third, we should set up the equity trade monitoring network, which will use information technology to monitor the state assets transfer and trade. The nationwide network will trace equity transfer and detect problems by focusing on modification registration, logout registration, and evaluation records.

Fourth, set up a supervision mechanism. The commission, together with other government departments, will enhance supervision on equity trade and other intermediaries, find, correct and punish those violators.

Reporter: Will government continue to sell state-owned shares in the short term? If so, will government sell them on the stock market as before?

Li Rongrong: It's right to supply social security funding by selling shares of listed state-owned enterprises. It will adjust the allocation and structure of state-owned enterprises, improve the modern enterprise system and facilitate the establishment of social security network. Meanwhile, the state share sale program is still exploring its work, for domestic capital market is just starting, the legal system and market mechanism need further improvement. The shares of listed companies can be divided into traded and non-traded ones. Therefore, the widely accepted state share sales program will not be active for some time.

However, for these overseas listed companies, they still need to sell state-owned shares equaling 10 percent of raised funds, and revenue should be handed to the National Social Security Fund. Statistics show that overseas listed companies, by selling state-owned shares, collected social security funding of 9.885 billion yuan (US$1.19 billion) in 2002.

(China.org.cn translated by Tang Fuchun, June 16, 2003)

State Assets Reform Drafted
Auditors Urge Better State-Assets Protection
World Bank Report: Reforming State Asset Management
State Asset Management to Be Reformed
Sales of State Shares to Be Announced Soon
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 亚洲精品中文字幕乱码影院| 日韩福利电影在线观看| 国产三级在线观看完整版| 色五五月五月开| 国产精品视频久久| aaa一级毛片| 少妇高潮喷潮久久久影院| 久久久久久亚洲精品中文字幕| 欧美一线不卡在线播放| 国产亚洲综合色就色| 免费在线色视频| 国产精品免费看久久久无码| 99国产精品国产精品九九| 孪生兄弟3ph尴尬| 中文字幕第六页| 欧美国产中文字幕| 成人午夜免费福利| 国产偷国产偷亚洲高清日韩| 一本丁香综合久久久久不卡网站| 日本在线免费看片| 久久精品人人爽人人爽| 桃子视频观看免费完整| 伊人久久精品亚洲午夜| 国产精品吹潮香蕉在线观看| 少妇愉情理伦片高潮日本| 丰满少妇高潮惨叫久久久一| 欧美日韩综合网在线观看| 亚洲黄色免费在线观看| 白嫩极品小受挨cgv| 国产亚洲精品aaaaaaa片| 成人免费大片免费观看网站| 国产精品bbwbbwbbw| 永久免费视频网站在线观看| 婷婷色天使在线视频观看| 中文天堂在线最新版在线www| 攵女yin乱合集高h小丹| 久久99热精品这里久久精品| 日本三级免费看| 久久99精品国产麻豆宅宅| 日本一卡2卡3卡无卡免费| 久久久精品人妻一区二区三区蜜桃 |