State-owned Assets Control: A First Step For Reform

Fangda Partners

The PRC Ministry of Finance (MOF) issued an opinion on December 28 2001 (关于改革国有资产评估行政管理方式加强资产评估监督管理工作的意见, Reform of the Executive Administration on State-owned Asset Valuation and Strengthening the Regulatory Work on Asset Valuation Opinion, the Opinion) that has greatly impacted China's present system of state-owned assets valuation and control. Though somewhat overlooked, this important MOF legislation is possibly a precursor to further change in the government's position on assets valuation.