According to the guideline, in a break from the current supervision body that manages the capital as well as state-owned enterprises (SOEs), the new organ will only supervise the use of capital and return other administrative tasks to relevant government departments.
The guideline specified plans to establish an investment firm to manage the state's capital and restructure state-owned enterprises.
It is a supporting document for the central government's guideline on advancing SOE reforms released in September.
Liu Shangxi is director of Research Institute for Fiscal Science with the Ministry of Finance.
"The investment firm will work to manage the capital instead of providing s
