Core Points - The draft of the State-Owned Assets Law was submitted for the first review by the 14th National People's Congress Standing Committee, aiming to enhance the governance efficiency of state-owned assets within a legal framework [1][2] - The draft consists of 7 chapters and 62 articles, covering general principles, responsibilities of state-owned asset owners, management, reporting, supervision, legal responsibilities, and supplementary provisions [1] Group 1: Definition and Classification - The draft defines state-owned assets as properties and rights that are clearly owned by the state according to the constitution and laws, or acquired through purchase, investment, expropriation, or donations [1] - State-owned assets are categorized into natural resource assets, administrative and public service assets, enterprise state-owned assets, and other state-owned assets [1] Group 2: Management Regulations - A dedicated chapter on the management of state-owned assets focuses on key aspects related to the responsibilities of asset owners throughout the entire lifecycle of the assets [1] - Specific management requirements are outlined for government departments, state agencies, and state-funded enterprises, including regulations on the management of state capital equity and the safety of state-owned assets [1] Group 3: Reporting and Supervision - The draft establishes a reporting and supervision system for state-owned assets, addressing issues related to the quality and foundation of management reports [2] - Responsibilities for reporting are extended to all management stages, reinforcing the accountability of asset owners and users [2] - It also clarifies the supervisory roles of various entities, including the National People's Congress, government, and auditing bodies, to create a coordinated supervision system for state-owned assets [2]

Group 1 - The core viewpoint emphasizes the need for regular supervision of state-owned asset management to ensure comprehensive standardization, transparency, and effective oversight, ultimately serving economic and social development [1] - The responsibility of regulatory bodies for state-owned asset management is to be reinforced, integrating supervision with the implementation of major government projects, and focusing on the improvement of asset management systems and the effectiveness of asset utilization [1] - There is a call for targeted risk assessments and the establishment of comprehensive regulations to ensure the proper functioning of power in the management and use of state-owned assets [1] Group 2 - Daily supervision is to be strengthened with a focus on problem-oriented approaches, involving multiple departments to monitor asset management and compliance in various stages such as acquisition, custody, and inventory [2] - The use of diverse methods such as inspections, on-site checks, and discussions is encouraged to ensure compliance in asset utilization, leasing, and external investments [2] - A mechanism for accountability is to be established, with timely feedback on issues found during inspections and strict consequences for violations, particularly regarding the unauthorized use of state-owned assets [2]