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 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.

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of content received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.