The draft state-owned assets law was submitted to the 19th session of the 14th National People's Congress Standing Committee for first review on December 22. Enacting a basic and comprehensive state-owned assets law and improving the state-owned assets legal system is of great significance in improving the effectiveness of state-owned assets management on the track of the rule of law. The draft submitted for review consists of 62 articles and is divided into seven chapters, including general provisions, duties of state-owned asset owners, state-owned assets management, state-owned assets reporting, state-owned assets supervision, legal liability, and supplementary provisions. The draft upholds and strengthens the Party's overall leadership over the management and supervision of state-owned assets, adheres to problem orientation, standardizes and strengthens the management and supervision of state-owned assets, protects and effectively uses state-owned assets according to law, and promotes and supports the high-quality development of the state-owned economy and state-owned assets.

The draft state-owned assets law was submitted to the 19th session of the 14th National People's Congress Standing Committee for first review on December 22. Enacting a basic and comprehensive state-owned assets law and improving the state-owned assets legal system is of great significance in improving the effectiveness of state-owned assets management on the track of the rule of law. The draft submitted for review consists of 62 articles and is divided into seven chapters, including general provisions, duties of state-owned asset owners, state-owned assets management, state-owned assets reporting, state-owned assets supervision, legal liability, and supplementary provisions. The draft upholds and strengthens the Party's overall leadership over the management and supervision of state-owned assets, adheres to problem orientation, standardizes and strengthens the management and supervision of state-owned assets, protects and effectively uses state-owned assets according to law, and promotes and supports the high-quality development of the state-owned economy and state-owned assets.