Overseas asset use in spotlight

Unified system to monitor deployment of State-owned financial capital

China is tightening scrutiny of financial institutions' overseas investment using State-owned assets, by further checking shareholders' quality and funding sources, in order to prevent losses of State-owned capital, according to a report reviewed by the nation's top legislature.

Additional monitoring will also be made of investment targets, the asset transaction process and the transfer of property rights, and China is planning to build a nationwide unified statistics system to supervise State-owned financial capital, said the report delivered by Finance Minister Liu Kun to the Standing Committee of the National People's Congress on Wednesday.