Regulations on State Assets Management Passed

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Last updated at: (Beijing Time) Wednesday, May 14, 2003

Regulations on State Assets Management Passed

The State Council, China's cabinet, passed in principle a draft set of interim regulations on the supervision and management of state assets of enterprises at an executive meeting Tuesday in Beijing.

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The State Council, China's cabinet, passed in principle a draft set of interim regulations on the supervision and management of state assets of enterprises at an executive meeting Tuesday in Beijing.

While laying out the duties of investors, the regulations pointout that the independent management rights of enterprises must be guaranteed.

The regulations will be promulgated and put into force by the State Council after further revisions.

The State Council also passed a draft set of regulations on theimplementation of China's cultural relic protection law at the meeting, chaired by Chinese Premier Wen Jiabao.

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