China's SASAC fights its corner

State assets supervision and administration commission aims to wrest budget control from MOF.

Rumours are sweeping Beijing that SASAC, the entity set up last year to oversee the reform of state-owned enterprises, is reportedly tussling with the powerful Ministry of Finance over who draws up its operational budget.

At the end of a recent conference to draw up SASAC's 2005 budget, the agency is said to have circulated a proposal that it should draw up its operational budget itself rather than let the MOF do it. Observers...

To continue reading, please login or register for free

Click for more on: chinas | sasac | fights | corner

Print Edition

FinanceAsia Print Edition

CONFERENCES