China-Minister Interviews/Overseas Assets Regulation
Beijing, China - March 13, 2018 (CCTV - No access Chinese mainland)
1. Xiao Yaqing (R), head of State-owned Assets Supervision and Administration Commission, walking to meet press
2. SOUNDBITE (Chinese) Xiao Yaqing, Head, State-owned Assets Supervision and Administration Commission (ending with shots 3-4):
"We will change the reforming and operating system of state-owned assets, mainly by clearly defining the rights and responsibilities and the realm of regulation, so that problems of excessive, misplaced and inadequate regulation will be effectively resolved and enterprises can become real major players in the market, competing and releasing their vitality. During the regulation, we will also strengthen reform of our regulation methods, so as to better serve the requirement of adapting to the focus on capital management. In the meantime, we will strengthen accountability for violations and negligence, so as to ensure that state assets maintain and increase their value."
3. Various of reporters, cameramen
4. Xiao Yaqing meeting reporters
5. Cameramen
6. SOUNDBITE (Chinese) Xiao Yaqing, Chairman, State-owned Assets Supervision and Administration Commission:
"The Belt and Road Initiative has provided many opportunities for central state-owned enterprises (SOES) to go abroad; meanwhile, it has also created many opportunities for employment and economic development for foreign countries along the routes. Moreover, it opens our gate up to welcome foreign enterprises to cooperate with central SOEs and SOEs and enter the Chinese market. The Belt and Road Initiative benefits both countries along the routes and other relevant countries around the world."
7. Xiao leaving press
China will strengthen regulation over its overseas state-owned assets in 2018 to see that the assets maintain and increase their value, head of the country's top state-owned enterprises (SOE) regulator said on Tuesday in Beijing.
Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission (SASAC), made the remarks on the sidelines of the first session of the 13th National People's Congress.
"We will change the reforming and operating system of state-owned assets, mainly by clearly defining the rights and responsibilities and the realm of regulation, so that problems of excessive, misplaced and inadequate regulation will be effectively resolved and enterprises can become real major players in the market, competing and releasing their vitality. During the regulation, we will also strengthen reform of our regulation methods, so as to better serve the requirement of adapting to the focus on capital management. In the meantime, we will strengthen accountability for violations and negligence, so as to ensure that state assets maintain and increase their value," he said.
According to Xiao, Chinese SOEs have increased efforts to go abroad and make investments overseas under the Belt and Road Initiative.
"The Belt and Road Initiative has provided many opportunities for central SOES to go abroad; meanwhile, it has also created many opportunities for employment and economic development for foreign countries along the routes. Moreover, it opens our gate up to welcome foreign enterprises to cooperate with central SOEs and SOEs and enter the Chinese market. The Belt and Road Initiative benefits both countries along the routes and other relevant countries around the world," he noted.
China-Minister Interviews/Overseas Assets Regulation
Dateline : March 13, 2018
Location : Beijing,China
Duration : 1'51
Beijing, China - March 13, 2018 (CCTV - No access Chinese mainland)
1. Xiao Yaqing (R), head of State-owned Assets Supervision and Administration Commission, walking to meet press
2. SOUNDBITE (Chinese) Xiao Yaqing, Head, State-owned Assets Supervision and Administration Commission (ending with shots 3-4):
"We will change the reforming and operating system of state-owned assets, mainly by clearly defining the rights and responsibilities and the realm of regulation, so that problems of excessive, misplaced and inadequate regulation will be effectively resolved and enterprises can become real major players in the market, competing and releasing their vitality. During the regulation, we will also strengthen reform of our regulation methods, so as to better serve the requirement of adapting to the focus on capital management. In the meantime, we will strengthen accountability for violations and negligence, so as to ensure that state assets maintain and increase their value."
3. Various of reporters, cameramen
4. Xiao Yaqing meeting reporters
5. Cameramen
6. SOUNDBITE (Chinese) Xiao Yaqing, Chairman, State-owned Assets Supervision and Administration Commission:
"The Belt and Road Initiative has provided many opportunities for central state-owned enterprises (SOES) to go abroad; meanwhile, it has also created many opportunities for employment and economic development for foreign countries along the routes. Moreover, it opens our gate up to welcome foreign enterprises to cooperate with central SOEs and SOEs and enter the Chinese market. The Belt and Road Initiative benefits both countries along the routes and other relevant countries around the world."
7. Xiao leaving press
China will strengthen regulation over its overseas state-owned assets in 2018 to see that the assets maintain and increase their value, head of the country's top state-owned enterprises (SOE) regulator said on Tuesday in Beijing.
Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission (SASAC), made the remarks on the sidelines of the first session of the 13th National People's Congress.
"We will change the reforming and operating system of state-owned assets, mainly by clearly defining the rights and responsibilities and the realm of regulation, so that problems of excessive, misplaced and inadequate regulation will be effectively resolved and enterprises can become real major players in the market, competing and releasing their vitality. During the regulation, we will also strengthen reform of our regulation methods, so as to better serve the requirement of adapting to the focus on capital management. In the meantime, we will strengthen accountability for violations and negligence, so as to ensure that state assets maintain and increase their value," he said.
According to Xiao, Chinese SOEs have increased efforts to go abroad and make investments overseas under the Belt and Road Initiative.
"The Belt and Road Initiative has provided many opportunities for central SOES to go abroad; meanwhile, it has also created many opportunities for employment and economic development for foreign countries along the routes. Moreover, it opens our gate up to welcome foreign enterprises to cooperate with central SOEs and SOEs and enter the Chinese market. The Belt and Road Initiative benefits both countries along the routes and other relevant countries around the world," he noted.
ID : 8075768
Published : 2018-03-13 12:40
Last Modified : 2019-03-15 02:04:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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