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China Daily Website

SASAC prepares regulation on SOEs' investments

Updated: 2013-05-08 20:11

The State-owned Assets Supervision and Administration Commission is drawing up regulation to prevent the law risks of central State-owned enterprises in overseas markets, which will be put in place by the end of the year.

The regulation will clarify SASAC's requirements on central SOEs' overseas investments, property rights and assets' law risks in different investing environments of different countries.

Data from SASAC showed that the number of overseas subsidiaries of 118 central SOEs has reached 693, while the total SOEs' total assets in foreign markets was valued at 629.9 billion yuan ($102.5 billion) in 2010.