Better management set for SOEs' assets

China will continue to deepen the reform of State-owned enterprises and further tighten the grip on SOEs investing overseas to ensure the safety and appreciation of State-owned assets this year.

Xiao Yaqing, chairman of the State-Owned Assets Supervision and Administration Commission, said on Thursday that the government will explore the possibility of integrating assets owned by SOEs in overseas markets this year.

Huang Danhua, vice-chairwoman of the SASAC, said the commission "will also strengthen the supervision of State-owned capital this year by shifting the focus from previously governing SOEs themselves to better managing their assets, to cut resource waste and improve work efficiency".