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完善国有金融资本管理(wánshàn guóyǒu jīnróng zīběn guǎnlǐ): Improving the management of State-owned financial capital

China Daily | Updated: 2018-07-10 08:16

The Central Committee of the Communist Party of China and the State Council, China's Cabinet, have jointly issued guidelines for improving the management of State-owned financial capital to achieve the three major goals of serving the real economy, preventing financial risks and deepening financial reform.

The document points out that State-owned financial capital is an important guarantee for promoting national modernization and maintaining national financial security, but that at present there are still problems in the management of State-owned financial capital such as a decentralization of duties and unclear powers and responsibilities.

It is necessary, therefore, to further improve the State-owned financial capital system and optimize the management system.

Improving the management of State-owned financial capital aims to optimize the strategic layout of State-owned financial capital, enhance the vitality and control of State-owned financial institutions, and preserve or increase the value of State-owned financial capital.

The administrative system, laws and regulations of State-owned financial capital and the CPC's leadership over State-owned financial organizations will be strengthened.

In recent years, the scale of China's State-owned financial capital has grown steadily. It is necessary to unswervingly consolidate and develop the public sector of the economy, maintain the dominant position of State-owned financial capital in the financial sector, and the State's control over key financial institutions, so that State-owned financial capital better serves the development of China's socialist market economy.

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