State-owned asset management reports(guózī guǎnlǐ bàogào): 國資管理報告

On Wednesday, the sixth meeting of the 13th Standing Committee of the National People's Congress reviewed the Comprehensive Report of the State Council, China's Cabinet, on the Management of State-Owned Assets in 2017 and the 2017 Special Report on State-Owned Assets of Financial Enterprises.

This is the first time the State Council has reported the State-owned asset management situation to the Standing Committee of the National People's Congress, the top legislature.

State-owned assets are the valuable wealth of all the Chinese people, and how well the State-owned assets are managed relates to people's well-being. The third Plenary Session of the 18th Central Committee of the Communist Party of China has advanced enhancing the supervision of the National People's Congress over State-owned assets, and the State-owned asset management reporting system is of great significance for this.

The report covers all levels and all kinds of State-owned assets. According to the report, the total value of the assets of national State-owned enterprises (excluding financial enterprises) is 183.5 trillion yuan ($19.96 trillion), and the total asset value of State-owned financial enterprises is 241 trillion yuan. In addition, the value of the assets of national administrative institutions is 30 trillion yuan.

The two reports reflect the situation of State-owned assets, and are conducive to increasing the transparency and credibility of State-owned asset management.