The draft state-owned assets law was submitted to the 25th session of the 14th National People's Congress Standing Committee for second review on November 2. The second draft review clarifies that the management and supervision of state-owned assets adheres to integrated development and safety, and improves regulations relating to the paid use and rational allocation of state-owned natural resource assets. According to reports, the second draft review added “adhering to integrated development and safety” to the principles followed in the management and supervision of state-owned assets; in accordance with the provisions of the Constitution, “safeguarding the consolidation and development of the state-owned economy” was added. At the same time, the second draft review improved regulations relating to the paid use and rational allocation of state-owned natural resource assets. First, regulations were added that state-owned natural resource assets such as land, minerals, marine areas, etc. are subject to a paid use system, and related use rights should in principle be sold through competitive means; second, additional regulations are added that state-owned natural resource asset allocation should adhere to protection priorities and rational use, and strictly abide by requirements such as territorial spatial planning, use control, and ecological environment protection. Furthermore, the second draft review improved the relevant regulations for the central and local authorities, the government and authorized departments to perform their duties as owners of state-owned assets. Provisions have been added that for large-scale state-funded enterprises determined by the State Council relating to the lifeblood of the national economy and national security, state-funded enterprises in the fields of important infrastructure and important natural resources, etc., the State Council shall perform funder duties on behalf of the country and perform owner duties for the state-owned assets of the corresponding enterprises, etc. The second draft review also improved the relevant regulations on the basic management system for state-owned assets, further strengthened the management of income from state-owned assets, etc.

The draft state-owned assets law was submitted to the 25th session of the 14th National People's Congress Standing Committee for second review on November 2. The second draft review clarifies that the management and supervision of state-owned assets adheres to integrated development and safety, and improves regulations relating to the paid use and rational allocation of state-owned natural resource assets. According to reports, the second draft review added “adhering to integrated development and safety” to the principles followed in the management and supervision of state-owned assets; in accordance with the provisions of the Constitution, “safeguarding the consolidation and development of the state-owned economy” was added. At the same time, the second draft review improved regulations relating to the paid use and rational allocation of state-owned natural resource assets. First, regulations were added that state-owned natural resource assets such as land, minerals, marine areas, etc. are subject to a paid use system, and related use rights should in principle be sold through competitive means; second, additional regulations are added that state-owned natural resource asset allocation should adhere to protection priorities and rational use, and strictly abide by requirements such as territorial spatial planning, use control, and ecological environment protection. Furthermore, the second draft review improved the relevant regulations for the central and local authorities, the government and authorized departments to perform their duties as owners of state-owned assets. Provisions have been added that for large-scale state-funded enterprises determined by the State Council relating to the lifeblood of the national economy and national security, state-funded enterprises in the fields of important infrastructure and important natural resources, etc., the State Council shall perform funder duties on behalf of the country and perform owner duties for the state-owned assets of the corresponding enterprises, etc. The second draft review also improved the relevant regulations on the basic management system for state-owned assets, further strengthened the management of income from state-owned assets, etc.