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Premier Urges Better Supervision of State Asset Management
Chinese Premier Zhu Rongji has urged the country's state-owned enterprise supervision system be further improved as well as the state asset supervision and management system.

While presenting a forum held Thursday by the State Economic and Trade Commission, Zhu said broader reforms in recent years of major state-owned enterprises and major financial institutions had made those enterprises and institutions more competitive.

Facts had borne out that setting up a state asset monitoring body in a state-owned enterprise was a very important measure for intensifying the supervision of state-owned enterprises and guaranteeing the state asset was not run down but achieved added value, Zhu said.

Vice-premiers Li Lanqing, Wu Bangguo and Wen Jiabao as well as State Councilor Wu Yi, were all present at the forum.

(Xinhua News Agency February 24, 2003)

State Asset Management to Be Reformed
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