The top supervisor of the nation's State-owned enterprises (SOEs) should further streamline its administrative power by cutting 26 supervisory procedures, according to the website of the State Council, China's cabinet.
The State-owned Assets Supervision and Administration Commission is expected to focus more on asset supervision while paying less attention to corporate management, a post on the website on Wednesday noted. Issues like the approval of stimulus packages of listed SOEs and their supervision of their overseas assets won't be conducted by the administration.
