China's top legislature, the executive will study the cause of assets legislation

11th National People's Congress Standing Committee passed 28 state-owned assets law. In the ensuing press conference, the NPC Standing Committee, deputy director of the Atkins said in the introduction of state-owned assets law, the executive will study the cause of the Legislative assets.



"Now the State Council and relevant departments of the State Council have issued a Administrative assets related to administrative rules and regulations, there are some rules, it would be able to study for administrative assets enactment." Atkins said.



He said that the state-owned assets in the initial drafting of the draft law, had indeed considered the formulation of a comprehensive state-owned assets law. However, repeated studies of the view that state-owned assets too broad. Three types of state-owned assets in the function and regulation in areas such as a greater, into a "large" comprehensive adjustment law, legislation would greatly increase the degree of difficulty.



It is understood that the state-owned assets in general is divided into three categories: First, the operation of state-owned assets, that is, by the state-funded enterprises by the formation of the rights and interests; Second, the administrative state-owned assets, that is, by the state organs, institutions of the state-owned organizations such as the use of management The state-owned assets; Third, the resources of the state-owned assets, that is owned by the state's land, mineral, forest, water and other natural resources category of assets.



In addition, the administrative related assets are now the administrative rules and regulations and regulatory documents to regulate, resources and assets have specialized legal adjustment, and operating state-owned assets in state-owned assets in the account for a large proportion of special status and role of ,



Atkins emphasized that the practice is an urgent need for the operating assets of specific legislation to highlight the issue, the parties concerned in the face of state-owned assets, mainly concentrated in the state-owned enterprises to ensure that increase the value of the assets. As a result, the legislature decided to enact a law to apply to the operation of state-owned assets, the assets of state-owned enterprise that is legal.



He said that the state-owned enterprise assets in accordance with the law, the law referred to assets of state-owned enterprises, is the state-funded enterprises by the formation of the rights and interests, that is, as its investor-funded enterprises enjoy the proceeds of assets, businesses involved in a major Decision-making and selection of enterprise managers, such as the rights of shareholders, not the State-funded enterprises in plants, machinery and equipment, such as immovable and movable property.