Supervision guideline
Print Edition
THE State Council yesterday issued a guideline to boost reforms for investment management.
It aims to improve supervision over investment projects to regulate investment behavior and maintain market order, said a statement on the Chinese government’s website.
This is a key move following the government’s efforts to streamline administration and delegate power to lower levels, it said.
Supervision measures will include a platform for approval procedures for investment projects across the country. Information on the platform will be shared publicly.
Departments should delegate power to lower levels, and local governments should improve their supervision capacity while undertaking investment projects, according to the guideline.
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