Compliance is key

Source: Xinhua | 2018-05-31

CHINA’S centrally administered state-owned enterprises should raise their awareness of compliance management when doing business overseas, the state assets regulator said.

Central SOEs should enhance their abilities in compliance risk prevention and improve overall risk control mechanisms, Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission, said on Tuesday at a meeting on overseas risk prevention for central SOEs.

The SOEs should also monitor overseas projects stringently, according to Xiao.