Regulation approved on investor responsibility of State-owned financial capital

The State Council, China's cabinet, approved the Interim Regulation on Investors of State-owned Financial Capital.

The regulation, formulated in line with the Corporate Law of the People’s Republic of China, is aimed at enhancing management of State-owned financial capital and clarifying the responsibilities of investors.

State-owned financial capital refers to the capital and corresponding rights and interests formed by the direct or indirect investment in financial institutions by the State or its authorized investors.

The regulation is effective immediately.