Chinese Vice Premier calls for efficient supervision on SOEs

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.

Source:Xinhua

http://paper.people.com.cn/rmrb/html/2009-12/25/content_412637.htm