The Supervision Board of the State-owned Assets Supervision and Administration Commission (SASAC) should press central government-funded companies to deepen reforms, regularize management, and prevent risks to ensure that the value of these state properties be increased.

State Council, the cabinet, in a meeting on Wednesday urged the SASAC Supervision Board to further improve its supervisory duties and work methods and continue increasing its authority and efficiency. It called for attaching great importance to state-owned companies' reforms and supervisory work.

Premier Wen Jiabao presided over the meeting, which also approved, in principle, the draft of the Regulations on Scenic Sites and Places of Interest.

It is necessary to amend the Provisional Regulations on the Management of Scenic Sites and Places of Interest, which was issued by the State Council in 1985, and newly formulate a Regulations on Scenic Sites and Places of Interest, according to the meeting.

The draft regulations will be further revised and then enforced by the State Council.

Source: Xinhua