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State-owned assets management announced the latest "bill": "the bottom of the family" is thicker, and the reform is more advanced

Source: Xinhua Net

Beijing, 21 Oct (Xinhua) -- On 21 October, the State Council's comprehensive report on the management of state-owned assets in 2020 was submitted to the 31st session of the Standing Committee of the 13th National People's Congress for deliberation, revealing the latest "bill" for China's state-owned asset management.

The report announces the management of various types of state-owned assets by the end of 2020:

——The total assets of state-owned enterprises are 268.5 trillion yuan, and the equity of state-owned capital is 76 trillion yuan;

-- The total assets of state-owned financial enterprises are 323.2 trillion yuan, forming 22.7 trillion yuan of state-owned assets;

- The total amount of state-owned assets of administrative undertakings is 43.5 trillion yuan, and the net assets are 32.3 trillion yuan;

The total area of state-owned land is 523.338 million hectares, and the total annual water resources are 3160.52 billion cubic meters.

Tan Jing, an associate researcher at the Research Center for State-owned Assets Management and Capital Operation of the Chinese Academy of Fiscal Sciences, believes that the report shows the "family base" of state-owned assets more completely through the combination of value and physical quantity. Overall, the "family foundation" of China's state-owned assets is thicker and has better achieved value preservation and appreciation.

In addition to announcing the "family foundation" of state-owned assets, the report also presents new trends in asset management and reform.

Focus on the key points, break through the difficulties, implement the three-year action of state-owned enterprise reform; accurately grasp the focus points, enhance the "two chains" independent and controllable ability; promote the optimization of the layout structure and improve the efficiency of state-owned capital allocation; improve the management of state-owned financial capital, and fight a tough battle to prevent and resolve major financial risks; promote the improvement of top-level design, fill the gaps in administrative state-owned asset management regulations; establish and improve the natural resources management system system... The progress made in the report fully reflects the remarkable results achieved in the reform of state-owned asset management.

In Tan Jing's view, with the continuous deepening of various reforms, the efficiency of state-owned asset management has been continuously improved, and the level of state-owned asset management to serve the national governance capacity and the modernization of the governance system has been comprehensively improved.

With the implementation of the three-year action plan as the starting point, we will continue to deepen the reform of state-owned assets and state-owned enterprises; with the goal of optimizing the layout of state-owned financial capital, accelerate the rationalization of the state-owned financial capital management system; solidly promote the management of state-owned assets of administrative undertakings to improve quality and efficiency; coordinate and improve the natural resources asset management system; and continue to consolidate the foundation for state-owned asset management and supervision... The deployments in the report have clarified the direction of the next step of state-owned capital management reform.

Regarding this report, the NPC Financial and Economic Committee said in its preliminary deliberation opinion that the report has comprehensively announced the scale, structure, distribution, operation and management of various types of state-owned assets. In the next step, it is necessary to further improve and perfect the report work and enrich and improve the content of the report.

"State-owned assets are the common wealth of all the people and must be managed and used well." Tan Jing said that in the next step, we should coordinate to promote various reforms of state-owned asset management, establish and improve the state-owned assets governance system, comprehensively improve the governance and management efficiency of state-owned assets, coordinate capital resources and assets, and make new contributions to achieving the goals of the 14th Five-Year Plan and comprehensively building a modern socialist country.