The State Council is asked to establish a complete and accurate database about state asset, which can be shared by relevant ministries and departments.

WHAT TO CHECK

The NPC Standing Committee is required to organize investigations on relevant issues before reviewing the State Council's reports. They will give feedback to the State Council, which then should report to the top legislature within six months on how it addresses the relevant issues. Lawmakers can also initiate inquiries into certain issues.

Lawmakers are expected to check how major Party and government policies and reform plans about state asset are implemented, how certain laws and legislature's resolutions are enforced, how state-owned enterprises and institutions serve national strategies, provide public goods and safeguard national security, and how the State Council works to maintain the value of state asset and prevent loss.

The State Council reports and review reports of the NPC Standing Committee will be published, except for information banned by law, the guideline said.

The mechanism will be launched step by step, starting from the easiest aspect to the difficult ones, the guideline said.

State asset will be divided into different categories, some of which will be reported first and more will be added, it added.

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