Managers of State assets likely soon

China is thinking of establishing State-owned asset management companies (AMCs) to manage its 15-trillion yuan worth of State-owned assets, a top official said yesterday.

Li Rongrong, director of State-owned Assets Supervision and Administration Commission (SASAC), said that the government has been considering a new mechanism to manage its State-owned assets better.

This mechanism will consist of three layers - the State-owned enterprises (SOEs), asset management companies, and the supervisor of those assets.