Regulators set to offer SOEs more power

Move to help investment firms increase ability to mitigate risks, says expert

China will offer more power to its State-owned investment and assetoperating companies to inject vitality into the State-owned asset authorization and operating systems in the next stage of reform, a senior regulatory official said on Wednesday.

Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission, made the remarks after the State Council issued a document to improve the reform of State-owned capital management earlier this month, urging an acceleration in the role transfer of State-owned enterprises from the 'management of companies' to the 'management of capital'.