 |
|
| Wei Long to manage Nanning state assets |
| CCTV.COM 2003-07-28 09:07:12 |
|
Nanning City in Southern China has transferred management of state assets under its jurisdiction to a single entity. The move is part of a bid by the city to rationalize control of its assets, worth some three billion yuan, or 360 million US dollars.
As part of the city's development plans, it intends demolishing the offices of the Women's Federation. The federation managed to find space in vacant offices belonging to another government department as a temporary solution to the move. However, they are not happy that they will not control the new offices, which now come under the jurisdiction of Wei Long.
The case is just one of many in Nanning where the municipal government is seeking to consolidate control over its holdings. Confusion over exactly who owned what led to the move. The problem arose out of different government departments developing their own real estate. Now Wei Long is the sole manager of these assets.
Huang Weijing, director of State－owned Assets Supervision & Administration Commission, said, "From now on, Wei Long Assets Management Company will be the only company we need to supervise when it comes to state－owned assets. It's much more efficient than trying to keep track of hundreds of owners."
So far over two billion yuan, or 240 million US dollars in assets have been transferred to Wei Long. Vacant office space and shops are being rented in open bidding at market prices. By the end of June, income from state－owned assets had reached 2.1 million US dollars.
|
|
Editor: Yang Feiyang CCTV.com
|
|
|
|
|
|
|
