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Regulator steps up pressure on SOEs

Officials at government-run firms will be held responsible for the loss of State-owned assets, the State asset regulator said on Monday. The move was expected to put giant government enterprises under more pressure to comply with State guidelines, especially in overseas. In detailed "implementation measures" published on Monday, the State-Owned Asset Supervision and Administration Commission said it would take action against officials who fail to perform their duties and whose actions result in asset losses or "other serious adverse consequences".

Payment firms fined for irregularities