Chinese premier calls for tightening supervision of SOE outbound investment

Chinese premier Li Keqiang has called for enhanced supervision of outbound investments made by the country’s state-owned enterprises (SOEs), according to a press release posted on central government website gov.cn on 21 March.

Speaking at the State Council’s ‘fifth working conference on building a clean government’, Li said that state-owned assets are wealth shared by all citizens of the country and should not be subject to exploitation, the Chinese-language release added.

Li stressed the importance of improving SOE operation and performance assessment as well as accountability systems in order to ensure the safety of assets they own overseas and that the value of such assets appreciates.

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