BEIJING, May 22 (Xinhua) -- The Standing Committee of the National People's Congress (NPC), China's top legislature, will listen to and deliberate reports submitted by the State Council on the condition and management of state assets from 2018 to 2022.
Each year from 2018 to 2021, while recording and reviewing a general report handed in by the State Council on basic conditions of all sorts of state assets, the NPC Standing Committee will listen to and review a report on a specific aspect of state assets, according to a plan released by the NPC Standing Committee.
The plan was made based on a document issued by the Communist Party of China (CPC) Central Committee in December 2017, which provided guidelines for establishing the reporting system.
A report on state-owned financial institutions was submitted to the NPC Standing Committee and deliberated in 2018, and reports on state-run non-commercial institutions, state-owned enterprises and state-owned natural resources will be submitted in 2019, 2020 and 2021, respectively.
In addition to submitting a written general report annually, the State Council is also required to send an official to explain contents to the lawmakers in the last year of the five-year tenure of the 13th NPC Standing Committee.
The plan also includes requirements for standardizing and improving the reporting system, enhancing the NPC's supervision and promoting legislation on state asset management and supervision.
