On June 24, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) issued new regulations aimed at enhancing the administration of the overseas assets of China's 100 or so centrally-controlled SOEs. The new regulation, which will take effect on July 1 this year, are also intended to reduce the risk of losses of state assets abroad and include rules governing the purchase of financial derivatives.
On June 24, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) issued new regulations aimed at enhancing the administration of the overseas assets of China's 100 or so centrally-controlled SOEs. The new regulation, which will take effect on July 1 this year, are also intended to reduce the risk of losses of state assets abroad and include rules governing the purchase of financial derivatives.
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China Business News
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