国内英语资讯:China Focus: State Council to report management of state asset to top legislature_时事

国内英语资讯:China Focus: State Council to report management of state asset to top legislature

"It is in line with the Constitution and law, meets people's expectation and vital for improving transparency and credibility of management of state asset," the document said.

Over the past few years, the NPC Standing Committee has heard reports by the State Council on state asset management but they were limited to state-owned enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council, said a statement from the Commission for Budget Affairs under the NPC Standing Committee, also on Sunday.

"The legislature's supervision is not adequate and should be improved with new institutional measures," the statement said.

The first review is scheduled to be at a bi-monthly session of the 13th NPC Standing Committee in October this year, when a general report will be submitted and a State Council official will deliver a specific report on state-owned financial institutions, according to the commission.

WHAT TO REPORT

According to the document, the report on state-owned enterprises and financial institutions will focus on asset and liabilities of the corporations, major investment projects, risk control, reform and salary of senior executives, while the one on non-commercial institutions will center on their liabilities, reform of management, allocation, use and revenue of state asset.

The report on state-owned natural resources will be about conditions of natural resources, mechanisms of sustainable development and environmental protection as well as exploitation and conservation.