在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

Calls for law to curb losses in SOE assets
(China Daily)
Updated: 2005-03-10 06:27

With hemorrhages of State assets causing growing public concern, a National People's Congress (NPC) deputy has called for legislation on full information disclosure by State-owned enterprises (SOE) to fight corruption.

Ma Weihua, president of China Merchants Bank, made the proposal at the ongoing session of the NPC.

Ma said that SOE reforms over the past two decades have effectively revived SOEs. But in the meantime, the State loosened its supervision of many enterprises, leading to problems such as selling State assets at low prices, insiders' controlling them and increasing bad-loans at banks.

Without a law in place, it is too difficult for the State-owned Assets Supervision and Administration Commission (SASAC) to supervise the 181 key State firms with assets that amount to nearly 9.2 trillion yuan (US$1.1 trillion).

A SASAC inspection of such firms last year found that 40 firms suffered a 10 per cent loss in total assets, while another 40 reported 20 per cent losses. Many were discovered to have problems in their accounting practices and financial reports.

A law to require SOEs to disclose information in a timely and correct manner will place activities of SOEs and their high-level managerial leaders under the supervision of employees and the public.

This will help uncover and prevent non-standard activities and corruption, provide more accountability to people found to be faking accounts and weaken insider control.

Ma said that SOEs are owned by the public, which means the public has a right to receive timely information about such enterprises.

According to Ma, the law should require SOEs to disclose information through the media and their own websites. Detailed information should be provided to their employees.

Heads of SOEs and accounting firms auditing the enterprises' financial statements should hold managers accountable as to the reports' authenticity, timeliness and accuracy.

SOEs releasing inaccurate information or failing to disclose information in a timely manner should be fined by the SASAC, while responsible persons should face criminal charges, the deputy suggested.

(China Daily 03/10/2005 page3)



 
  Today's Top News     Top China News
 

People's congress prepared to 'fulfil history'

 

   
 

Lenovo wins US nod to buy IBM PC

 

   
 

Corrupt officials seized and punished

 

   
 

State banks urged to reform with gov't input

 

   
 

41 corpses found in Iraq; blast kills four

 

   
 

China hints at death penalty reform

 

   
  Taxes form east to pay for rural social programs
   
  SOEs asset write-offs cost country dear
   
  Medical sector in dire need of changes
   
  China hints at death penalty reform
   
  Education void expands wealth gap
   
  Chinese firms join Galileo project
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 成人免费网站黄 | 久久三级视频 | 久在线视频 | 羞羞网站在线观看 | 中国少妇xxxxhd做受 | 午夜精品免费 | 国产一区二区三区久久 | 日韩毛片网站 | 日韩视频免费大全中文字幕 | 91日本视频 | 成人午夜毛片 | 国产天堂网| 中文字幕在线网站 | 狠狠操天天操 | 操出白浆视频 | www.av在线播放 | 久久久精品 | 久久性视频 | 色综合久久天天综合网 | 午夜美女福利视频 | 精品日韩一区二区 | 欧美在线一区二区三区 | 91视频日本| 免费视频久久 | 日本免费在线观看 | 伊人天堂网 | 久久成人一区 | 国产天堂网 | 午夜精品视频在线观看 | 伊人av影院| 成人毛片在线观看 | 久久视频免费看 | 婷婷狠狠 | 中文字幕二区 | 天堂在线www | 国产亚洲天堂 | 日本在线看片 | a在线视频 | 国产精品第一区 | 国产欧美久久久 | 精品国产欧美一区二区三区成人 |