Page 12 - REPORT ON THE WORK OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE’S CONGRESS

reports on performance-based evaluations of government budgets and for
releasing information on the performance of important policies and key funds
from relevant departments. We encouraged the establishment of a system for

linking performance-based evaluation results to policy improvements and
budget allocations.

Combining online monitoring with offline research and analysis, we
pressed ahead with phase two of the development of the online budget
oversight system with a view to helping NPC deputies to perform their
budget examination and oversight duties.

We fulfilled our duty of overseeing the management of state-owned assets.

We adopted the decision on enhancing oversight of state-owned asset

management. We carried out our duties effectively, and worked to ensure
that our oversight became more targeted, procedure-based, and practical, so
as to provide legal safeguards for more effective oversight of state-owned
asset management.

We heard and deliberated a comprehensive report on the management of
state-owned assets for 2019, along with a special report on the management of
state-owned assets held by enterprises for the same year. We launched

research initiatives to oversee the management of state-owned assets held by
enterprises (excluding financial enterprises), and encouraged the State
Council to further reform the state-owned asset oversight system with the
focus on capital management, to advance the mixed ownership reform of
state-owned enterprises, and to improve the distribution of state capital.

We carried out research dedicated to refining the state-owned asset
governance system and advanced online oversight of state-owned assets.

Over a period of three years, we essentially achieved our goal of setting up a
system for reporting on state-owned asset management at the provincial, city
(with subsidiary districts), and county levels.

We heard and deliberated work reports on specific issues.

Focusing on the targets and tasks for building a moderately prosperous
society in all respects, and paying particular attention to the priorities and
challenges of economic performance, we heard and deliberated the State
Council’s reports on scientific and technological innovation, on the reform to
introduce a registration-based IPO system, on poverty alleviation, and on the

allocation and use of government funds for agriculture and rural areas.

For the first time, we heard and deliberated a National Commission of
Supervision report on tracking down corrupt officials hiding abroad and the

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