SASAC Supervision Rules for Re emerging Central Enterprises Remind of Typical Problems in Risk Warning

16:04, January 16, 2020 Source: Xinhua
 
Original title: SASAC's Supervision Rules for Re emerging Central Enterprises Remind Signs of Typical Problems of Risk Warning

Xinhua News Agency, Beijing, January 16 (Wang Xi, Wei Hongyi) Maintaining the safety of state-owned assets and standardizing capital operation is the key work of current state-owned assets supervision. The State owned Assets Supervision and Administration Commission of the State Council recently issued two regulatory rules, which not only strengthened the supervision and accountability for the typical problems of central enterprises, but also highlighted the supervision before and during the accident, and gave hints on the emerging risks of central enterprises.

The new regulations issued this time include the Working Rules for the Notice Letter of State owned Assets Supervision and the Working Rules for the Notification of State owned Assets Supervision. The reminder letter refers to the official document issued by the SASAC to remind specific central enterprises of effective response and rectification of risks and problems in the supervision of state-owned assets. The circular refers to the official document issued by the SASAC to criticize, educate and warn the central enterprises about the typical, universal or major violations and asset losses of the central enterprises.

The working rules of the reminder letter highlight the prior and in-process supervision, and clarify that the SASAC will give hints on the tendentious and potential risks and problems existing in the central enterprises, aiming to grasp the small ones early, focus on prevention and give priority to warning; The central enterprises are required to actively take measures to prevent and control risks and implement rectification in response to the reminder letter, improve the control system in key links and key areas, strengthen the effective implementation of the internal control system, ensure that risks are under control and rectification work is implemented.

The rules of reporting work strengthen the post supervision and accountability, and clarify that SASAC will report the typical, universal or major violations and asset loss incidents that have occurred in central enterprises, playing the role of warning education, punishment and deterrence; Require relevant central enterprises to timely communicate and deploy the notified items, carefully formulate and implement the rectification work plan, and seriously hold the relevant responsible persons accountable; It was made clear that all central enterprises should draw inferences from one instance about the notified items, take the initiative to carry out comparative inspection, and rectify similar problems found.

The industry believes that the introduction of these two regulatory rules will promote the further integration of state-owned assets regulation into the daily operation of central enterprises, which is not only of great significance to accelerate the formation of a comprehensive coverage, clear division of labor, coordination, and strong constraints of state-owned assets regulatory system, but also will help central enterprises improve the level of group control and risk resistance.

(Editor in charge: Ren Zhihui, Gu Yan)